Money in Macroeconomic Models
Revista de Economía Institucional, Vol. 8, No. 15, Second Semester 2006
20 Pages Posted: 4 Dec 2006
Abstract
An important challenge in monetary economics is the development of an endogenous theory of money, which introduces money in a natural way and not as an external imposition. This paper reviews different approaches that have been used in monetary economic literature, and argues that overlapping generation models and search models are the best choices.
Note: Downloadable document is in Spanish.
Keywords: money, monetary economics, overlapping generations, search models
JEL Classification: E24, E40, E42
Suggested Citation: Suggested Citation
Toledo, Wilfredo, Money in Macroeconomic Models. Revista de Economía Institucional, Vol. 8, No. 15, Second Semester 2006, Available at SSRN: https://ssrn.com/abstract=948688
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