Home » Economics » Are the Micro-foundations of Money Demand Important? – My press.

Are the Micro-foundations of Money Demand Important? – My press.

An interesting addition (the link below) to the debate over soundness of our current monetary systems and fiat money. It addresses specifically the question: how to properly model the Demand for Money, or to put it in another way, is the demand for money important for correctly modeling the dynamics of many macroeconomic effects.

Are the different functions and practical advantages of Money, like the ”double coincidence of wants” in any way being compromised by our current systems so that the models we construct inevitably get stuck in unsolvable problems…?

Important questions and surely something that is a vibrant economic topic worth the study, investigation and development of scholarship that is being undertaken.

Are the Micro-foundations of Money Demand Important?.

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