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Title: Monetary Theory and Policy by Carl E. Walsh ISBN: 0-262-23199-9 Publisher: MIT Press Pub. Date: 27 October, 1998 Format: Hardcover Volumes: 1 List Price(USD): $70.00

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Average Customer Rating: 5 (3 reviews)

Rating: 5
Summary: recommended!
Comment: This book might well become the standard (mainstream) graduate text in monetary economics.

Rating: 5
Summary: The best text on advanced macroeconomics there is.
Comment: This is the best book length treatment of the state of the art in academic thinking about inflation and central banking, a lot of what economics is about to lay people and politicians. While this is a graduate text in macroeconomics, in no way is it unnecessarily abtruse. You'll need to be comfortable with little more than algebra, linear difference equations, and the sort of elementary statistics practical economists do. Amazingly, this book has no obvious competitors because first rate economists wrongly disdain writing books.

Rating: 5
Summary: Well worth buying.
Comment: This book provides a good grounding on monetary theory and the questions it wants to answer. It is easy to follow whilst providing covering most recent development. Its only drawback is that it uses the HP filter as the benchmark which any model should replicate, without accounting for the fact that there are several problems with that filter.