The New Palgrave Dictionary of Economics

Living Edition
| Editors: Palgrave Macmillan

New Monetarism

  • Stephen Williamson
Living reference work entry
DOI: https://doi.org/10.1057/978-1-349-95121-5_3045-1

Abstract

New monetarism is an approach in monetary economics, according to which monetary exchange, financial institutions, credit, and the role of assets are modeled in a fundamental way. Work on new monetarism began in the late 1970s, with a focus on the overlapping generations model of money. Later research developed models of search and matching, which could ultimately deal with credit, banking, multiple assets, and monetary policy to yield novel results.

JEL Codes

E4 E4 
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Authors and Affiliations

  1. 1.