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 covere…

Monetary economics has continued to be a rapidly expanding research area since the first edition of Monetary Theory and Policy was published. In updating and revising the book for a second edition, my objective has been to incorporate the new insights gained from this recent research. Virtually every chapter has been revised, with an eye to improving the exposition and incorporating recent rese…