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New Monetarism

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Abstract

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.

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  1. Research Department, Federal Reserve Bank of St. Louis, St. Louis, MI, USA

    Stephen Williamson

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  1. Stephen Williamson
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Correspondence to Stephen Williamson .

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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_3045-2

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    • DOI: https://doi.org/10.1057/978-1-349-95121-5_3045-2

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    • Print ISBN: 978-1-349-95121-5

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    Chapter history

    1. Latest

      New Monetarism
      Published:
      18 July 2017

      DOI: https://doi.org/10.1057/978-1-349-95121-5_3045-2

    2. Original

      New Monetarism
      Published:
      06 April 2017

      DOI: https://doi.org/10.1057/978-1-349-95121-5_3045-1

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