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Microfoundations of Money: Why They Matter
What is the value of having microfoundations for monetary exchange in a macro model? In this article, the author attempts to answer this question by listing what he considers the major accomplishments of the field. He argues that the evidence overwhelmingly shows that microfoundations matter for many questions of first-order importance in macroeconomics.
Cite this item
Christopher J. Waller, "Microfoundations of Money: Why They Matter"
, Federal Reserve Bank of St. Louis, Review, volume 97, issue 4, pages 289-301, 2015.
- E41 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Demand for Money
- E47 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Forecasting and Simulation: Models and Applications
This item with handle RePEc:fip:fedlrv:00048
is also listed on EconPapers
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