This upper-level undergraduate textbook, now in its second editon, approaches monetary economics using the classical paradigm of rational agents in a market setting. Too often monetary economics has been taught as a collection of facts about existing institutions for students to memorize. By teaching from first principles, the authors aim to instruct students not only in existing monetary policies and institutions but also in what policies and institutions may or should exist in the future. The text builds on a simple, clear monetary model and applies this framework consistently to a wide variety of monetary questions. The authors have added in this second edition new material on speculative attacks on currencies, social security, currency boards, central banking alternatives, the payments system, and the Lucas model of price surprises. Discussions of many topics have been extended, presentations of data greatly expanded, and new exercises added.
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大三下教材，讀過大多數章節。理論化，以OLG模型為綱，覆蓋關乎貨幣的大多話題。前三章是精華。
评分按需。配閤中文版。
评分短評下麵各種我院學長學姐???? 希望lwl明天不要掛我好嗎。key takeaways：用到天黑的OLG model和它的各種extended版本，神tm的Lucas model以及在consistency/inconsistency兩種情況下的social loss function model（告訴我們commitment總是比discretion要強????），asymmetric information model的貝葉斯公式仿佛就是在逗我… banking部分三階段模型，liquidation management model，AS-AD model和model of collateral，每一個都是r u kidding me的蜜汁難度，到瞭最後的新凱恩斯主義模型我已經纍瞭…
评分大三下教材，讀過大多數章節。理論化，以OLG模型為綱，覆蓋關乎貨幣的大多話題。前三章是精華。
评分短評下麵各種我院學長學姐???? 希望lwl明天不要掛我好嗎。key takeaways：用到天黑的OLG model和它的各種extended版本，神tm的Lucas model以及在consistency/inconsistency兩種情況下的social loss function model（告訴我們commitment總是比discretion要強????），asymmetric information model的貝葉斯公式仿佛就是在逗我… banking部分三階段模型，liquidation management model，AS-AD model和model of collateral，每一個都是r u kidding me的蜜汁難度，到瞭最後的新凱恩斯主義模型我已經纍瞭…
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