Viewpoint: A microfoundation of monetary economics |
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Authors: | Shouyong Shi |
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Affiliation: | Department of Economics, University of Toronto |
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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. |
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Keywords: | E40 E50 |
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