This book challenges the mainstream paradigm, based on the inter-temporal optimisation of welfare by individual agents. It introduces a methodology for studying

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

This upper-level undergraduate textbook, now in its second editon, approaches monetary economics using the classical paradigm of rational agents in a market set

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

This successful text, now in its second edition, offers the most comprehensive overview of monetary economics and monetary policy currently available. It covers