The new edition of a comprehensive treatment of monetary economics, including the first extensive coverage of the effective lower bound on nominal interest rates.
This textbook presents a comprehensive treatment of the most important topics in monetary economics, focusing on the primary models monetary economists have employed to address topics in theory and policy. Striking a balance of insight, accessibility, and rigor, the book covers the basic theoretical approaches, shows how to do simulation work with the models, and discusses the full range of frictions that economists have studied to understand the impacts of monetary policy. 
For the fourth edition, every chapter has been revised to improve the exposition and to reflect recent research. The new edition offers an entirely new chapter on the effective lower bound on nominal interest rates, forward guidance policies, and quantitative and credit easing policies. Material on the basic new Keynesian model has been reorganized into a single chapter to provide a comprehensive analysis of the model and its policy implications. In addition, the chapter on the open economy now reflects the dominance of the new Keynesian approach. Other new material includes discussions of price adjustment, labor market frictions and unemployment, and moral hazard frictions among financial intermediaries. References and end-of-chapter problems allow readers to extend their knowledge of the topics covered.
Monetary Theory and Policy continues to be the most comprehensive and up-to-date treatment of monetary economics, not only the leading text in the field but also the standard reference for academics and central bank researchers.

Monetary Theory and Policy, fourth edition (Mit Press)

Business & Money

Walsh, Carl E.

Economics

The MIT Press

Monetary Theory and Policy presents an advanced treatment of critical topics in monetary economics and the models economists use to investigate the interactions between real and monetary factors. It provides extensive coverage of general equilibrium models of money, models of the short-run real effects of monetary policy, and game-theoretic approaches to monetary policy. Among the topics covered are money-in-the-utility-function models, cash-in-advance models, money and public finance, the credit channel of money, models of time inconsistency, monetary policy operating procedures, and interest rates and monetary policy. The book has three innovative aspects. It uses dynamic simulations to evaluate quantitatively the significance of the channels through which monetary policy and inflation affect the economy. It extensively examines modern approaches to monetary policy that stress the incentives facing central banks and the strategic interactions between central banks and the private sector. Where most treatments of monetary policy emphasize money supply control and money demand, this book focuses on the implications of interest rate control for monetary policy. The book is designed for use in first-year graduate courses in macro theory and second-year courses in monetary economics, for economic researchers in need of a systematic summary of recent developments in the field, for economists working in policy institutions, and for central bank staff economists.

Monetary Theory and Policy

Economics has been thoroughly revised, simplified, and updated for the Fourth Edition. Co-written by Joseph Stiglitz, winner of the Nobel Prize for his research on imperfect markets, and Carl E. Walsh, one of the leading monetary economists in the field, Economics is the most modern and accurate text available.

Economics (Fourth Edition)

Stiglitz, Joseph E.

W.W.Norton&Company

Principles of Microeconomics has been thoroughly revised, simplified, and updated for the Fourth Edition. Co-written by Joseph Stiglitz, winner of the Nobel Prize for his research on imperfect markets, and Carl E. Walsh, one of the leading monetary economists in the field, Principles of Microeconomics is the most modern and accurate text available.

Principles of Microeconomics

Principles of Macroeconomics has been thoroughly revised, simplified, and updated for the Fourth Edition. Co-written by Joseph Stiglitz, winner of the Nobel Prize for his research on imperfect markets, and Carl E. Walsh, one of the leading monetary economists in the field, Principles of Macroeconomics is the most modern and accurate text available.

Principles of Macroeconomics

For the Fourth Edition of this innovative text, 2001 Nobel Laureate Joseph E. Stiglitz again joins forces with one of the world's top monetary economists, Carl E. Walsh, who brings both macroeconomic expertise and teaching savvy to the project. Together, Stiglitz and Walsh thoroughly integrate contemporary economics into the traditional curriculum. Highlights of the new edition are the continued unsurpassed coverage of the economics of information and imperfect markets, and the emphasis on the critical role of capital markets in the macro economy. Stiglitz and Walsh embrace the information revolution as an opportunity to revitalize the presentation of economics by linking fundamental concepts and basic models to examples in the "new economy."

Economics, Fourth Edition

W.W.Norton

Principles of Microeconomics has been thoroughly revised, simplified, and updated for the Fourth Edition. Co-written by Joseph Stiglitz, winner of the Nobel Prize for his research on imperfect markets, and Carl E. Walsh, one of the leading monetary economists in the field, Principles of Microeconomics is the most modern and accurate text available.

Principles of Microeconomics, Fourth Edition

Principles of Macroeconomics has been thoroughly revised, simplified, and updated for the Fourth Edition. Co-written by Joseph Stiglitz, winner of the Nobel Prize for his research on imperfect markets, and Carl E. Walsh, one of the leading monetary economists in the field, Principles of Macroeconomics is the most modern and accurate text available.

Principles of Macroeconomics, Fourth Edition

Economics has been thoroughly revised, simplified, and updated for the Fourth Edition.Co-written by Joseph Stiglitz, winner of the Nobel Prize for his research on imperfect markets, and Carl E. Walsh, one of the leading monetary economists in the field, Economics is the most modern and accurate text available.

Economics (Fourth International Student Edition)

See the best price to sell, buy, or rent books by Walsh, Carl E.. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

Books by Walsh, Carl E.

See the best price to sell, buy, or rent books by Walsh, Carl E.. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

Monetary Theory and Policy, fourth edition (Mit Press)

Monetary Theory and Policy

Economics (Fourth Edition)

Principles of Microeconomics

Principles of Macroeconomics

Economics, Fourth Edition

Principles of Microeconomics, Fourth Edition

Principles of Macroeconomics, Fourth Edition

Economics (Fourth International Student Edition)

Economics (Fourth International Student Edition)