Carl E. Walsh - Monetary Theory and Policy, Third Edition

Year of Publication: 

A new edition of the leading text in monetary economics, a comprehensive treatment revised and enhanced with new material reflecting recent advances in the field.

Carl E. Walsh is Professor of Economics at the University of California, Santa Cruz. He is coeditor of the International Journal of Central Banking and Visiting Scholar at the Federal Reserve Bank of San Francisco.


"Karl 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

(Marvin Goodfriend )

"Carl Walsh's Monetary Theory and Policy provides a rigorous but highly accessible introduction to the toolkit of models used by monetary economists. The present edition incorporates many of the developments of recent years in a rapidly evolving field."--Jordi Gali, Director of CREI and Professor of Economics, Universitat Pompeu Fabra

(Jordi Gali )