Philip Arestis

University of Cambridge - Department of Land Economy

19 Silver Street

Cambridge, CB3 9EP

United Kingdom

University of the Basque Country

Barrio Sarriena s/n

Leioa, Bizkaia 48940

Spain

SCHOLARLY PAPERS

54

DOWNLOADS
Rank 4,154

SSRN RANKINGS

Top 4,154

in Total Papers Downloads

18,112

SSRN CITATIONS
Rank 15,367

SSRN RANKINGS

Top 15,367

in Total Papers Citations

34

CROSSREF CITATIONS

65

Scholarly Papers (54)

1.

Can Monetary Policy Affect the Real Economy?

Levy Economics Institute Working Paper No. 355
Number of pages: 22 Posted: 19 Dec 2002
Philip Arestis and Malcolm C. Sawyer
University of Cambridge - Department of Land Economy and University of Leeds
Downloads 2,172 (14,196)
Citation 20

Abstract:

Loading...

Monetary Policy, Central Banks, Euro

2.

From Common Market to Emu: A Historical Perspective of European Economic and Monetary Integration

The Jerome Levy Economics Institute Working Paper No. 263
Number of pages: 41 Posted: 22 Mar 1999
Philip Arestis, Kevin McCauley and Malcolm C. Sawyer
University of Cambridge - Department of Land Economy, Copenhagen Business School - Center for Economic and Business Research (CEBR) and University of Leeds
Downloads 1,646 (21,983)
Citation 3

Abstract:

Loading...

3.

Inflation Targeting: A Critical Appraisal

Levy Economics Institute Working Paper No. 388
Number of pages: 31 Posted: 07 Jan 2004
Philip Arestis and Malcolm C. Sawyer
University of Cambridge - Department of Land Economy and University of Leeds
Downloads 1,071 (41,261)
Citation 9

Abstract:

Loading...

4.

Finance and Growth: Institutional Considerations and Causality

Number of pages: 27 Posted: 18 Nov 1997
Philip Arestis and Panicos Demetriades
University of Cambridge - Department of Land Economy and University of Leicester - Department of Economics
Downloads 1,030 (43,660)
Citation 16

Abstract:

Loading...

5.

On the Effectiveness of Monetary Policy and Fiscal Policy

The Levy Economics Institute Working Paper No. 369
Number of pages: 25 Posted: 07 Apr 2003
Philip Arestis and Malcolm C. Sawyer
University of Cambridge - Department of Land Economy and University of Leeds
Downloads 816 (60,173)
Citation 6

Abstract:

Loading...

monetary policy, fiscal policy, effectiveness

6.

Financial Liberalization and Poverty: Channels of Influence

Levy Economics Institute Working Paper No. 411
Number of pages: 29 Posted: 27 Jul 2004
Philip Arestis and Asena Caner
University of Cambridge - Department of Land Economy and affiliation not provided to SSRN
Downloads 739 (68,624)
Citation 16

Abstract:

Loading...

Financial liberalization, economic development, poverty

7.

Will the Euro Bring Economic Crisis to Europe?

Jerome Levy Economics Institute Working Paper No. 322
Number of pages: 11 Posted: 10 Apr 2001
Philip Arestis and Malcolm C. Sawyer
University of Cambridge - Department of Land Economy and University of Leeds
Downloads 686 (75,567)
Citation 3

Abstract:

Loading...

8.

Finance and Development: Institutional and Policy Alternatives to Financial Liberalization Theory

Levy Economics Institute Working Paper No. 377
Number of pages: 26 Posted: 19 Jun 2003
Philip Arestis, Machiko Nissanke and Howard Stein
University of Cambridge - Department of Land Economy, University of London, School of Oriental and African Studies (SOAS) - Economics and University of Michigan at Ann Arbor
Downloads 638 (82,758)
Citation 4

Abstract:

Loading...

financial liberalization, banking crises, institutional-centric perspectives

9.

Does Financial Structure Matter?

Levy Economics Institute Working Paper No. 399
Number of pages: 30 Posted: 20 Jan 2004
Philip Arestis, Ambika D. Luintel and Kul B. Luintel
University of Cambridge - Department of Land Economy, London South Bank University - Business School and Brunel University London - Economics and Finance
Downloads 565 (96,534)
Citation 12

Abstract:

Loading...

Financial structure, economic development, vector error-correlation model, dynamic heterogeneous panels

10.

Financial Globalization and Regulation

Levy Economics Institute Working Paper No. 397
Number of pages: 20 Posted: 15 Jan 2004
Philip Arestis and Santonu Basu
University of Cambridge - Department of Land Economy and South Bank University - Department of Economics
Downloads 539 (102,377)
Citation 2

Abstract:

Loading...

Financial globalization, financial liberalization, financail regulation

11.

Financial Sector Reforms in Developing Countries with Special Reference to Egypt

Levy Econmics Institute Working Paper No. 383
Number of pages: 28 Posted: 11 Aug 2003
Philip Arestis
University of Cambridge - Department of Land Economy
Downloads 536 (103,074)
Citation 4

Abstract:

Loading...

Financial reforms, financial crises, developing countries, Egypt

12.

New Consensus Macroeconomics: A Critical Appraisal

Levy Economics Institute, Working Paper No. 564
Number of pages: 26 Posted: 27 May 2009
Philip Arestis
University of Cambridge - Department of Land Economy
Downloads 510 (109,608)
Citation 11

Abstract:

Loading...

New Consensus Macroeconomics, Monetary Policy, Banks, Monetary Aggregates, Equilibrium Real Rate of Interest

13.

'New Consensus' New Keynesianism, and the Economics of the 'Third Way'

Levy Economics Institute Working Paper No. 364
Number of pages: 17 Posted: 04 Apr 2003
Philip Arestis and Malcolm C. Sawyer
University of Cambridge - Department of Land Economy and University of Leeds
Downloads 466 (122,019)
Citation 10

Abstract:

Loading...

New Consensus, New Keynesianism, Thirdway

14.

The Macroeconomics of Industrial Strategy

Levy Economics Institute Working Paper No. 238
Number of pages: 22 Posted: 18 Sep 1998
Philip Arestis and Malcolm C. Sawyer
University of Cambridge - Department of Land Economy and University of Leeds
Downloads 444 (129,238)

Abstract:

Loading...

15.

Testing for Financial Contagion between Developed and Emerging Markets During the 1997 East Asian Crisis

Brunel Business School, Economics and Finance Working Papers No. 05-08, International Journal of Finance & Economics, (2005), vol. 10(4), pages 359-367
Number of pages: 17 Posted: 25 Mar 2003 Last Revised: 18 May 2009
University of Cambridge - Department of Land Economy, Brunel University London - Department of Economics and Finance, Università degli studi di Modena e Reggio Emilia (UNIMORE) - Faculty of Business and EconomicsUniversity of Palermo - d/SEAS and Brunel University London - Economics and Finance
Downloads 437 (131,673)
Citation 5

Abstract:

Loading...

Contagion, Financial crises, Conditional Correlation

16.

Threshold Effects in the Us Budget Deficit

Number of pages: 22 Posted: 23 May 2003
University of Cambridge - Department of Land Economy, Università degli studi di Modena e Reggio Emilia (UNIMORE) - Faculty of Business and EconomicsUniversity of Palermo - d/SEAS and University of London - School of Oriental and African Studies (SOAS)
Downloads 413 (140,694)
Citation 2

Abstract:

Loading...

Government Deficit, Threshold, Unit Root

17.

The Economic and Monetary Union: Current and Future Prospects

The Jerome Levy Economics Institute Working Paper No. 282
Number of pages: 15 Posted: 05 Jan 2000
Philip Arestis and Malcolm C. Sawyer
University of Cambridge - Department of Land Economy and University of Leeds
Downloads 402 (145,108)
Citation 2

Abstract:

Loading...

18.

Reinventing Fiscal Policy

The Levy Economics Institute Working Paper No. 381
Number of pages: 24 Posted: 16 Jul 2003
Philip Arestis and Malcolm C. Sawyer
University of Cambridge - Department of Land Economy and University of Leeds
Downloads 392 (149,283)
Citation 15

Abstract:

Loading...

fiscal policy, crowding out, Ricardian Equivalence Theorem

The Nature and Role of Monetary Policy When Money is Endogenous

Levy Economics Institute Working Paper No. 374
Number of pages: 30 Posted: 04 Jun 2003
Philip Arestis and Malcolm C. Sawyer
University of Cambridge - Department of Land Economy and University of Leeds
Downloads 349 (168,253)
Citation 9

Abstract:

Loading...

monetary policy, new consensus, endogenous money

The Nature and Role of Monetary Policy When Money is Endogenous

Cambridge Journal of Economics, Vol. 30, Issue 6, pp. 847-860, 2006
Posted: 29 Feb 2008
Philip Arestis
University of Cambridge - Department of Land Economy

Abstract:

Loading...

Interest rate policy, 'New consensus', Endogenous money, Role of monetary policy

20.

Financial Globalization: Some Conceptual Problems

Levy Economics Institute Working Paper No. 360
Number of pages: 11 Posted: 05 May 2003
Philip Arestis and Santonu Basu
University of Cambridge - Department of Land Economy and South Bank University - Department of Economics
Downloads 348 (170,156)
Citation 1

Abstract:

Loading...

Financial Capital, Globalization

21.

The Case for Fiscal Policy

The Levy Economics Institute Working Paper No. 382
Number of pages: 27 Posted: 16 Jul 2003
Philip Arestis and Malcolm C. Sawyer
University of Cambridge - Department of Land Economy and University of Leeds
Downloads 332 (179,134)
Citation 7

Abstract:

Loading...

fiscal policy, functional finance, Ricardian Equivalence Theorem, inter-temporal budget constraint

22.

How Far Can U.S. Equity Prices Fall Under Asset and Debt Deflation?

Levy Economics Institute Working Paper No. 368
Number of pages: 21 Posted: 31 Mar 2003
Philip Arestis and E. Karakitsos
University of Cambridge - Department of Land Economy and Trafalgar Asset Managers Ltd.
Downloads 316 (188,652)
Citation 1

Abstract:

Loading...

equity prices, asset and debt deflation

23.

Reasserting the Role of Keynesian Policies for the New Millennium

Levy Economics Institute WP #207
Number of pages: 25 Posted: 26 Jan 1998
Philip Arestis and Malcolm C. Sawyer
University of Cambridge - Department of Land Economy and University of Leeds
Downloads 314 (189,942)
Citation 3

Abstract:

Loading...

24.

The Causes of Euro Instability

Jerome Levy Economics Institute Working Paper No. 324
Number of pages: 15 Posted: 22 Mar 2001
University of Cambridge - Department of Land Economy, University of the West of England (UWE) - School of Economics, University of East London and University of Leeds
Downloads 298 (200,796)
Citation 1

Abstract:

Loading...

25.

The Independent European Central Bank: Keynesian Alternatives

Levy Economics Institute Working Paper No. 274
Number of pages: 16 Posted: 07 Sep 1999
Philip Arestis
University of Cambridge - Department of Land Economy
Downloads 266 (225,594)
Citation 1

Abstract:

Loading...

26.

An Alternative Stability Pact for the European Union

Jerome Levy Economics Institute Working Paper No. 296
Number of pages: 12 Posted: 12 Jun 2000
Philip Arestis, Kevin McCauley and Malcolm C. Sawyer
University of Cambridge - Department of Land Economy, Copenhagen Business School - Center for Economic and Business Research (CEBR) and University of Leeds
Downloads 256 (234,386)
Citation 5

Abstract:

Loading...

27.

Threshold Effects in the U.S. Budget Deficit

The Levy Economics Institute of Bard College Working Paper No. 358
Number of pages: 20 Posted: 19 Mar 2003
University of Cambridge - Department of Land Economy, Università degli studi di Modena e Reggio Emilia (UNIMORE) - Faculty of Business and EconomicsUniversity of Palermo - d/SEAS and University of London - School of Oriental and African Studies (SOAS)
Downloads 215 (277,279)

Abstract:

Loading...

Government Deficit, Threshold, Unit Root

28.

Macroeconomic Policies of the Economic and Monetary Union: Theoretical Underpinnings and Challenges

Levy Economics Institute Working Paper No. 385
Number of pages: 31 Posted: 08 Nov 2003
Philip Arestis and Malcolm C. Sawyer
University of Cambridge - Department of Land Economy and University of Leeds
Downloads 195 (303,462)
Citation 3

Abstract:

Loading...

macroeconomic policies, EMU, monetary policy, fiscal policy

29.

Financial Policies and the Aggregate Productivity of the Capital Stock: Evidence from Developed and Developing Economies

The Levy Economics Institute Working Paper No. 362
Number of pages: 35 Posted: 18 Mar 2003
Philip Arestis, Panicos Demetriades and Bassam Fattouh
University of Cambridge - Department of Land Economy, University of Leicester - Department of Economics and University of London - School of Oriental and African Studies (SOAS)
Downloads 193 (306,289)
Citation 6

Abstract:

Loading...

Capital Stock, Financial Development, Financial Policies

30.

Modeling the Housing Market in OECD Countries

Levy Economics Institute of Bard College Working Paper No. 764
Number of pages: 26 Posted: 11 May 2013
Philip Arestis and Ana González
University of Cambridge - Department of Land Economy and Cambridge Econometrics Ltd
Downloads 170 (343,100)
Citation 6

Abstract:

Loading...

Empirical Modeling, Housing Market, Vector Error Correction Modeling, OECD Countries

31.

The Euro, Public Expenditure and Taxation

Levy Economics Institute of Bard College Working Paper No. 357
Number of pages: 25 Posted: 12 Feb 2003
Philip Arestis and Malcolm C. Sawyer
University of Cambridge - Department of Land Economy and University of Leeds
Downloads 155 (370,992)
Citation 1

Abstract:

Loading...

euro, public expenditure, monetary policy

32.

Does the Stock of Money Have Any Causal Significance

The Levy Economics Institute of Bard College Working Paper No. 363
Number of pages: 20 Posted: 18 Mar 2003
Philip Arestis and Malcolm C. Sawyer
University of Cambridge - Department of Land Economy and University of Leeds
Downloads 149 (383,367)
Citation 3

Abstract:

Loading...

"new" macroeconomics, stock of money, monetary economics

33.

Capital Shortages and Asymmetries in UK Unemployment

Number of pages: 16 Posted: 28 Jul 1997
Philip Arestis and Iris Biefang-Frisancho Mariscal
University of Cambridge - Department of Land Economy and University of the West of England (UWE) - School of Economics
Downloads 138 (407,331)
Citation 1

Abstract:

Loading...

34.

The 'Third Way' and the Challenges to Economic and Monetary Union Macropolicies

Levy Economics Institute Working Paper No. 345
Number of pages: 10 Posted: 30 Jul 2002
Philip Arestis and Malcolm C. Sawyer
University of Cambridge - Department of Land Economy and University of Leeds
Downloads 136 (412,031)
Citation 1

Abstract:

Loading...

third way, New Labour, EMU

35.

Credibility of Monetary Policy in Four Accession Countries: A Markov Regime-Switching Approach

Levy Economics Institute Working Paper No. 371
Number of pages: 17 Posted: 07 Apr 2003
Philip Arestis and Konstantinos Mouratidis
University of Cambridge - Department of Land Economy and National Institute of Economic and Social Research (NIESR)
Downloads 130 (426,684)
Citation 2

Abstract:

Loading...

monetary policy, credibility, Markov regime-switching

36.

Is There a Trade-Off between Inflation Variability and Output-Gap Variability in the Emu Countries?

The Levy Economics Institute of Bard College Working Paper No. 359
Number of pages: 19 Posted: 18 Mar 2003
Philip Arestis and Konstantinos Mouratidis
University of Cambridge - Department of Land Economy and National Institute of Economic and Social Research (NIESR)
Downloads 115 (468,347)
Citation 2

Abstract:

Loading...

EMU, inflation-targeting, output-gap variability

37.

Credibility of EMS Interest Rate Policies: A Markov Regine-Switching Approach

Levy Economics Institute Working Paper No. 361
Number of pages: 31 Posted: 25 Mar 2003
Philip Arestis and Konstantinos Mouratidis
University of Cambridge - Department of Land Economy and National Institute of Economic and Social Research (NIESR)
Downloads 109 (487,175)
Citation 2

Abstract:

Loading...

Credibility, EMS, Markov Regime-Switching Models

Aggregate Demand, Conflict, and Capacity in the Inflationary Process

Levy Economics Working Paper No. 391
Number of pages: 28 Posted: 02 Dec 2003
Philip Arestis and Malcolm C. Sawyer
University of Cambridge - Department of Land Economy and University of Leeds
Downloads 104 (507,840)
Citation 5

Abstract:

Loading...

capacity, conflict, aggregate demand, inflation

Aggregate Demand, Conflict and Capacity in the Inflationary Process

Cambridge Journal of Economics, Vol. 29, Issue 6, pp. 959-974, 2005
Posted: 29 Feb 2008
Philip Arestis and Malcolm Sawyer
University of Cambridge - Department of Land Economy and University of Cambridge

Abstract:

Loading...

Capacity, Conflict, Aggregate demand, Inflation

39.

How Long Can the U.S. Consumers Carry the Economy on Their Shoulders?

The Levy Economics Institute Working Paper No. 380
Number of pages: 43 Posted: 16 Jul 2003
Philip Arestis and E. Karakitsos
University of Cambridge - Department of Land Economy and Trafalgar Asset Managers Ltd.
Downloads 101 (514,627)

Abstract:

Loading...

consumption, jobless recovery, personal sector imbalances, property bubble

40.

Investment, Financial Markets, and Uncertainty

Levy Economics Institute Working Papers No. 743
Number of pages: 28 Posted: 25 Dec 2012
Philip Arestis, Ana González and Oscar Dejuan
University of Cambridge - Department of Land Economy, Cambridge Econometrics Ltd and University of Castilla, La Mancha
Downloads 87 (565,955)
Citation 3

Abstract:

Loading...

Accumulation, Financial Markets, Conventions, Uncertainty, Keynesian Economics

41.

Endogenous Bank Credit and its Link to Housing in OECD Countries

Levy Economics Institute of Bard College Working Paper No. 750
Number of pages: 29 Posted: 01 Feb 2013
Philip Arestis and Ana González
University of Cambridge - Department of Land Economy and Cambridge Econometrics Ltd
Downloads 53 (730,725)
Citation 1

Abstract:

Loading...

Bank Credit, Collateral Channel, Housing Market, OECD Countries, Empirical Modeling

42.

Asymmetries as Sources of Conflict In A Monetary Union

MONETARY POLICIES IN A MONETARY UNION, Arestis & G. Zezza, eds., MacMillan 2007
Number of pages: 17 Posted: 12 Apr 2012
University of Piraeus, University of Cambridge - Department of Land Economy and University of Athens - Faculty of EconomicsUnivesrity of Athens
Downloads 45 (782,324)

Abstract:

Loading...

43.

Foreign Direct Investment Openness and Income Classes in Europe Around the Great Recession

Number of pages: 21 Posted: 13 Jan 2022
University of Cambridge - Department of Land Economy, University of Malaga, Universidad de Malaga and affiliation not provided to SSRN
Downloads 36 (849,630)

Abstract:

Loading...

Foreign Direct Investment, income distribution, income classes, multilevel analysis

44.

Absurd Austerity Policies in Europe

Challenge, Vol. 53, No. 6, November/December 2010
Posted: 13 Apr 2012
Theodore Pelagidis and Philip Arestis
University of Piraeus and University of Cambridge - Department of Land Economy

Abstract:

Loading...

45.

Trade Flows: Evidence of Globalisation or Regionalism? A Rejoinder

Cambridge Journal of Economics, Vol. 36 (2) 2012, Spring
Posted: 13 Apr 2012
University of Piraeus, University of Cambridge - Department of Land Economy, Aristotle University of Thessaloniki - School of Economics and University of Athens - Faculty of EconomicsUnivesrity of Athens

Abstract:

Loading...

Globalisation, Regionalism, Convergence, De-globalisation

46.

Capital Account Liberalisation and Poverty: How Close is the Link?

Cambridge Journal of Economics, Vol. 34, No. 2, pp. 295-323, 2010
Posted: 01 Mar 2010
Philip Arestis and Asena Caner
University of Cambridge - Department of Land Economy and affiliation not provided to SSRN

Abstract:

Loading...

Capital account liberalisation, Poverty, Quality of institutions, Developing countries

47.

Financial Liberalization and the Geography of Poverty

Cambridge Journal of Regions, Economy and Society, Vol. 2, Issue 2, pp. 229-244, 2009
Posted: 04 Jul 2009
Philip Arestis and Asena Caner
University of Cambridge - Department of Land Economy and affiliation not provided to SSRN

Abstract:

Loading...

financial liberalization, poverty, channels of influence

48.

Inflation Targeting in Brazil

Levy Economics Institute Working Paper
Posted: 01 Oct 2008
University of Cambridge - Department of Land Economy, affiliation not provided to SSRN and Universidade Federal do Rio Grande do Sul (UFRGS)

Abstract:

Loading...

Monetary Policy, Inflation Targeting, Brazil, Emerging Economies

49.

A Critical Reconsideration of the Foundations of Monetary Policy in the New Consensus Macroeconomics Framework

Cambridge Journal of Economics, Vol. 32, Issue 5, pp. 761-779, 2008
Posted: 10 Sep 2008
Philip Arestis and Malcolm C. Sawyer
University of Cambridge - Department of Land Economy and University of Leeds

Abstract:

Loading...

monetary policy, interest rates, new consensus in macroeconomics

50.

Assessing Inflation Targeting through Intervention Analysis

Oxford Economic Papers, Vol. 60, Issue 2, pp. 293-317, 2008
Posted: 24 Jun 2008
Alvaro Angeriz and Philip Arestis
University of Cambridge - Department of Applied Economics and University of Cambridge - Department of Land Economy

Abstract:

Loading...

51.

Monetary Policy in the UK

Cambridge Journal of Economics, Vol. 31, Issue 6, pp. 863-884, 2007
Posted: 16 Jun 2008
Alvaro Angeriz and Philip Arestis
University of Cambridge - Department of Applied Economics and University of Cambridge - Department of Land Economy

Abstract:

Loading...

Monetary policy, Tight monetary policy, Exchange rate policy, Price stability, Intervention analysis, MPC membership

52.

The Conditions for a Sustainable U.S. Recovery: The Role of Investment

Levy Economics Institute Working Paper No. 378
Posted: 15 Jul 2003
Philip Arestis and E. Karakitsos
University of Cambridge - Department of Land Economy and Trafalgar Asset Managers Ltd.

Abstract:

Loading...

sustainable recovery, investment, imbalance, corporate sector

53.

Commentary. An Alternative Stability Pact for the European Union

Posted: 18 Apr 2001
Philip Arestis, Kevin McCauley and Malcolm C. Sawyer
University of Cambridge - Department of Land Economy, Copenhagen Business School - Center for Economic and Business Research (CEBR) and University of Leeds

Abstract:

Loading...

stability pact, European central bank, investment bank, monetary policy, fiscal policy

54.

Capital Stock, Unemployment and Wages in Germany and the U.K.

Posted: 23 Feb 1998
Philip Arestis and Iris Biefang-Frisancho Mariscal
University of Cambridge - Department of Land Economy and University of the West of England (UWE) - School of Economics

Abstract:

Loading...