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) |
|---|---|
| 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
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