|
|||||
|
|
Viewpoint: A microfoundation of monetary economics |
|
| Authors: | Shouyong Shi |
| Institution: | Department of Economics, University of Toronto |
| Abstract: | Abstract . In this lecture, I explain what the microfoundations of money are about and why they are necessary for monetary economics. Then, I review recent developments of a particular microfoundation of money, commonly known as the search theory of money. Finally, I outline some unresolved issues. |
| Keywords: | E40 E50 |