Monetary Theory and Policy, 2nd Edition
"The second edition of this excellent text brings the book up to the present, covering many of the most important recent developments in this rapidly changing field, while retaining the breadth of coverage and clear exposition of the first edition. It will be an indispensable reference for all students of monetary economics."—Michael Woodford, Harold H. Helm '20 Professor of Economics and Banking, Princeton University"The first edition ofMonetary Theory and Policywas excellent, and the second edition improves on it. A comprehensive overview of what every good monetary economist needs to know: theory, empirics, simulation, positive and normative policy analysis, open and closed economies, classic and recent work. The exposition is detailed, yet lucid—a great book to learn from."—Eric M. Leeper, Department of Economics, Indiana University"Carl Walsh does a wonderful job of synthesizing and bringing to life frontier research on monetary theory and policy analysis. Modern macroeconomic theory really does have something to say about the real world, as this book makes clear throughout."—Mark Gertler, Henry and Lucey Moses Professor of Economics, New York University"Walsh's graduate text is a superb and comprehensive treatment of theory, empirical evidence and policy issues in modern monetary economics. It will be a most essential reading and reference for students, researchers and policy makers in the field of monetary economics and policy."—Lars E. O. Svensson, Department of Economics, Princeton University