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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清華經管大三專業課貨幣銀行學的教材,與美國大學的Money and Banking課程很不一樣,注重用數學模型的方法解釋貨幣經濟現象。印象深刻的是用模型證明瞭為什麼聯邦政府會選擇一個比自己更conservative的人來擔任美聯儲主席。
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…
评分故事講得很好,覺得講銀行係統的非常深入淺齣
评分考完貨銀特地前來膜拜,各種模型真的佛瞭,難度顯著高於北美和中國貨銀平均難度,我院唯一一門真正意義上“掛人”的神課……
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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