附註:Includes bibliographical references (pages 307-312) and indexes.
Cover -- Half-title -- Title -- Copyright -- Contents -- Preface -- Part I Money -- Chapter 1 A Simple Model of Money -- Building a Model of Money -- The Environment -- Preferences -- The Economic Problem -- Feasible Allocations -- Decentralized Solutions -- Finding the Demand for Fiat Money -- Is This Monetary Equilibrium the Golden Rule? -- A Monetary Equilibrium with a Growing Economy -- Summary -- Exercises -- Appendix: Using Calculus -- Chapter 2 Barter and Commodity Money -- A Model of Barter -- What Should be Used as Money? -- A Model of Commodity Money -- Summary -- Exercises -- Chapter 3 Inflation -- A Growing Supply of Fiat Money -- Financing Government Purchases -- The Limits to Seigniorage -- Summary -- Exercises -- Appendix: Equilibrium Consumption Is at the Edge of the Feasible Set -- Chapter 4 International Monetary Systems -- A Model of International Exchange -- Foreign Currency Controls -- The Indeterminacy of the Exchange Rate -- Fixing the Exchange Rate -- The Optimal International Monetary System -- Summary -- Exercises -- Chapter 5 Price Surprises -- The Data -- Expectations and the Neutrality of Money -- The Lucas Critique of Econometric Policy Evaluation -- Optimal Policy -- Summary -- Exercises -- Appendix: A Proof by Contradiction -- Part II Banking -- Chapter 6 Capital -- Capital -- Rate-of-Return Equality -- Can Fiat Money Coexist with Another Asset? -- When Fiat Money and Other Assets Are Not Substitutes -- Risk -- Summary -- Exercises -- Appendix A: A Model of Private Debt -- Appendix B: The Golden Rule Capital Stock -- Chapter 7 Liquidity and Financial Intermediation -- Money as a Liquid Asset -- The Business of Banking -- Summary -- Exercises -- Appendix -- Chapter 8 Central Banking and the Money Supply -- Legal Restrictions on Financial Intermediation -- Reserve Requirements -- Central Bank Lending -- Summary -- Exercises -- Chapter 9 Money Stock Fluctuations -- The Correlation Between Money and Output -- A Model of Currency and De
摘要:Uniquely among monetary textbooks, this text teaches monetary economics using a simple model based on standard microeconomics. The model is clearly and explicitly specified so that students see and participate in discovering the implications of the model for monetary questions.
