Due to the fundamental two-way interaction between the theoretical and the empirical aspects of monetary economics, together with the relationship of both to matters of public policy, any organization of material comprehensively spanning the subject is bound to be arbitrary. The 23 surveys commissioned for this Handbook have been arranged in a way that the editors feel reflects some of the most important logical divisions within the field and together they present a comprehensive account of the current state of the art. The Handbook is an indispensable reference work which should be part of every professional collection, and which makes ideal supplementary reading for graduate economics students on advanced courses.

For more information on the Handbooks in Economics series, please see our home page on http://www.elsevier.nl/locate/hes

Review

In the emerging tradition of the Handbooks in Economics, these two volumes offer a formidable array of contributions to the field which they survey..........an indispensable starting-point for graduate students and
research workers who need a detailed guide to the state of monetary economics in the late 1980s.

The Economic Journal
....the two volumes would be regarded as invaluable additions to the literature.

Economic of Planning
...in many ways the most important publication to date in this branch of our subject.......On some topics it is easily the best writing available, combining a careful exposition of central ideas, with firm and persuasive judgements about what is correct and important.

Journal of Economic Surveys
Even at the hardcover price, the two volumes we now have represent very good value for money.

The Economic Record

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