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

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

Wilfredo Toledo (Contact Author)

Econometrics and Stat Research ( email )

PO BOX 21768
UPR Station
Rio Piedras
Puerto Rico

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