Viewpoint: A microfoundation of monetary economics

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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.

Original languageEnglish (US)
Pages (from-to)643-688
Number of pages46
JournalCanadian Journal of Economics
Issue number3
StatePublished - Aug 1 2006

All Science Journal Classification (ASJC) codes

  • Economics and Econometrics


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