The New Palgrave Dictionary of Economics

Living Edition
| Editors: Palgrave Macmillan

New Monetarism

  • Stephen WilliamsonEmail author
Living reference work entry

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New monetarism is an approach in monetary economics, according to which monetary exchange, financial institutions, credit and the role of assets are modelled 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 Classification

E4 E5 
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Copyright information

© The Author(s) 2017

Authors and Affiliations

  1. 1.Research DepartmentFederal Reserve Bank of St. LouisSt. LouisUSA

Section editors and affiliations

  • Garett Jones

There are no affiliations available