An overview of recent theoretical and policy-related developments in monetary economics.

With the collapse of the Bretton Woods system, any pretense of a connection of the world's currencies to any real commodity has been abandoned. Yet since the 19

A significant new edition of a text that offers both tools and sample applications; extensive revisions and seven new chapters improve and expand upon the origi

The classic introduction to the New Keynesian economic model This revised second edition of Monetary Policy, Inflation, and the Business Cycle provides a rigoro

The new edition of a comprehensive treatment of monetary economics, including the first extensive coverage of the effective lower bound on nominal interest rate