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.
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Williamson, S. (2017). New Monetarism. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95121-5_3045-1
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DOI: https://doi.org/10.1057/978-1-349-95121-5_3045-1
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New Monetarism- Published:
- 18 July 2017
DOI: https://doi.org/10.1057/978-1-349-95121-5_3045-2
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New Monetarism- Published:
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DOI: https://doi.org/10.1057/978-1-349-95121-5_3045-1