Contact information: Carl E. Walsh Distinguished Professor of Economics Department of Economics University of California, Santa Cruz Santa Cruz, CA 95064. Phone: (831) 459-4082 Home page: http://people.ucsc.edu/~walshc/ email: walshc@ucsc.edu
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Monetary Theory and Policy, 4th. ed., The MIT Press, 2017. This book presents an advanced treatment of the major topics of monetary economics. It is designed for use in a graduate course in monetary economics, but it can also be used in graduate macro courses and the chapters on monetary policy topics should be accessible to advanced undergraduates. The fourth edition incorporates new or expanded material on labor markets in the new Keynesian model, open economy new Keynesian models, and and entire chapter on the effective lower bound on nominal interest rates and balance sheet policies.
Solutions to the exercises: Solutions to the problems in the fourth edition book -- coming soon to instructors. The MIT Press site has links for ordering an examination copy or for requesting the solutions manual.
Matlab programs Programs use dynare and/or matlab.
A zip file containing all the programs used in the 4rd edition is available here
Individual programs can be found below -- you will need to copy the text into your own file.
