The purpose of this paper is to discuss some of the models used in New Monetarist
Economics, which is our label for a body of recent work on money, banking, payments …

This essay articulates the principles and practices of New Monetarism, our label for a recent
body of work on money, banking, payments, and asset markets. We first discuss …

The trade-off between cash and a debit card as a means of payment is incorporated into a
search-theoretic model. A buyer incurs the proportional cost of carrying cash into the …

This paper provides an overview of the role of money in modern macro models. In particular,
we are focussing on New Keynesian and New Monetarist models to investigate their main …