Some clarifications:

    1. There is what I understand to be the 'academic monetary policy mainstream', which focuses on policy and in lieu of money has the price-level and models its interactions with the interest rate via various standard macromodels. The 'monetary' aspect might be added through something like cash-in-advance or money-in-utility. I am familiar with this at say early graduate level, and further developments and refinements of this kind of stuff is not what I am asking about. These tend to assume money and sometimes 'demand' for it, and slot that in without asking too many questions.

    2. I know of the new monetarist thinking, and this is closer to home. A lot of what I read by Kiyotaki-Wright etc is kind of exploratory. If there is something like a good monograph length synthesis after 30ish years of work, I would be interested. However at the base of these models also tend to me some not deeply reflected assumptions about what money is, what it does.

    3. Goodhart had a great book on Money, Information and Uncertainty. Has anyone picked this thinking up and developed it?

    4. I have read things like Eichengreen and Coggan's Paper Promises. This genre would be much appreciated as well.

    5. Analytical history like Kuroda's recent A Global History of Money is highly welcome.

    What I would most welcome is a synthesis — a proper economic analysis of the monetary mechanism as it actually existed various forms (as opposed an ad hoc addition to a generic and established model), linked to the history of some key monetary developments. I have enjoyed the seemingly unknown works of Carolyn Sissoko.

    What is some of the best contemporary thinking on money?
    byu/-B4cchus- inAskEconomics



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