Monetary theory and monetary policy

The book of Charles Walsh is one of the most complete and modern presentations of the most important issues of the monetary economy describing key models that are used by economists to study the problems of monetary theory and policies. The author considers the basic theoretical approaches to the topic, discloses the principles of the simulation method, analyzes the various types of friction studied by economists to understand the role of monetary policy.
Basic topics of books: Models with money in the benefitness function, cash payment models, monetary search models, information, portfolio and nominal stiffness, imperfections of the credit market, an open economy, monetary policy issues, including discretion and liabilities, policy analysis in Neokeinsian Models, as well as monetary operational procedures.
"In the classic book, Walsh on the monetary economy is taken into account advanced achievements of economic theory, new practices of building models and political ideas. This book is distinguished by the exactly verified balance between insight, severity and accessibility, because of what and read it, and learn through it - one pleasure. All over the world, it is considered the chief reference book on monetary theory and policies for scientists and researchers working in central banks" (Klaus Schmidt-Hebbel, Head of the Department of Economic Research of the Central Bank Chile).
"" Monetary theory and monetary policy "Charles Walsh is an indispensable bridge between theory and practice. The book offers a comprehensive overview of the region. The depth and breadth of the presented models make this book desktop for both students and economists of central banks" (Marvin Goodfredd, Business School of the Tepper University Carnegie Melon)