- Series: MIT Press
- Hardcover: 640 pages
- Publisher: The MIT Press; third edition edition (February 12, 2010)
- Language: English
- ISBN-10: 0262013770
- ISBN-13: 978-0262013772
- Product Dimensions: 7 x 0.8 x 9 inches
- Shipping Weight: 2.2 pounds (View shipping rates and policies)
- Average Customer Review: 13 customer reviews
- Amazon Best Sellers Rank: #718,630 in Books (See Top 100 in Books)
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Monetary Theory and Policy (MIT Press) third edition Edition
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Carl Walsh's Monetary Theory and Policy is an indispensable bridge between theory and practice. The book is a comprehensive overview of the field. Each topic is addressed by a few models exposited with mathematical rigor and policy insight. The depth and breadth of the model presentations make the book an essential reference for students and central bank economists alike.(Marvin Goodfriend, Tepper School of Business, Carnegie Mellon University)
This third edition of Walsh's by-now classic on monetary economics represents a major revision and expansion of the previous edition, incorporating new developments in theory, modeling practice, and policy insights. This book is a pleasure to read and study with, thanks to the right balance of insight, rigor, and accessibility. It stands worldwide as the frontier reference text for academic and central bank researchers in monetary theory and policy. It is also a must-read for advanced undergraduate and graduate macroeconomics courses, skillfully combining theory with numerical simulations, policy insights, problem sets, and complementary simulation programs provided on the web.(Klaus Schmidt-Hebbel, Chief of Economic Research, Central Bank of ChileKlaus Schmidt-Hebbel)
About the Author
Carl E. Walsh is Professor of Economics at the University of California, Santa Cruz. He is a Visiting Scholar at the Federal Reserve Bank of San Francisco.
Top customer reviews
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The level of difficulty in reading the book is about on par with other books bought and read during other graduate courses, although surprisingly more math-heavy than anticipated for a Monetary Theory textbook (I had presumed it would be more graphs than equations- but alas, everything is math in grad school).
Overall, a good purchase.