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.
Original language | English (US) |
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Pages (from-to) | 643-688 |
Number of pages | 46 |
Journal | Canadian Journal of Economics |
Volume | 39 |
Issue number | 3 |
DOIs | |
State | Published - Aug 2006 |
All Science Journal Classification (ASJC) codes
- Economics and Econometrics