“It is the state-of-the-art—or at least an introduction to the state-of-the-art—in monetary policy. It’s pure orthodox New Keynesianism. So, it has a very specific use and therefore it’s not for everybody. It’s not for everybody who enrols in a PhD programme. It’s not for everybody who enrols in a PhD who wants to do macroeconomics. It is for those people who are enrolling in a PhD, who want to do macroeconomics and, in particular, who want to understand deeply how a central bank works.” Read more...
The Best Macroeconomics Textbooks