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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“岛”模型用来解释摩擦、信息不对称和交易成本，非常通俗易懂。作为本科教材，我觉得很适宜了。
评分按需。配合中文版。
评分书还是很不错的，各种伟大的模型。
评分“岛”模型用来解释摩擦、信息不对称和交易成本，非常通俗易懂。作为本科教材，我觉得很适宜了。
评分清华经管大三专业课货币银行学的教材，与美国大学的Money and Banking课程很不一样，注重用数学模型的方法解释货币经济现象。印象深刻的是用模型证明了为什么联邦政府会选择一个比自己更conservative的人来担任美联储主席。
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