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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短评下面各种我院学长学姐???? 希望lwl明天不要挂我好吗。key takeaways：用到天黑的OLG model和它的各种extended版本，神tm的Lucas model以及在consistency/inconsistency两种情况下的social loss function model（告诉我们commitment总是比discretion要强????），asymmetric information model的贝叶斯公式仿佛就是在逗我… banking部分三阶段模型，liquidation management model，AS-AD model和model of collateral，每一个都是r u kidding me的蜜汁难度，到了最后的新凯恩斯主义模型我已经累了…
评分考完货银特地前来膜拜，各种模型真的佛了，难度显著高于北美和中国货银平均难度，我院唯一一门真正意义上“挂人”的神课……
评分大三下教材，读过大多数章节。理论化，以OLG模型为纲，覆盖关乎货币的大多话题。前三章是精华。
评分书还是很不错的，各种伟大的模型。
评分书还是很不错的，各种伟大的模型。
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