Classifying Monetary Economics: Fields and Methods from Past to Future

32 Pages Posted: 24 Jul 2011

See all articles by Philip Arestis

Philip Arestis

University of Cambridge - Department of Land Economy; Universidad del País Vasco (UPV/EHU)

Alexander Mihailov

University of Reading - Department of Economics

Date Written: September 2011

Abstract

We propose a simple, yet sufficiently encompassing, classification scheme of monetary economics. It comprises three fundamental fields and six recent areas that expand within and across these fields. The elements of our scheme are not found together and in their mutual relationships in earlier studies of the relevant literature; neither does this attempt aim to produce a relatively complete systematization. Our intention in taking stock is not finality or exhaustiveness. We rather suggest a viewpoint and a possible ordering of the accumulating knowledge. Our purpose is to promote discussion on the evolving nature and internal consistency of monetary economics at large.

Keywords: Classification, Methodology, Monetary economics, Monetary policy, Monetary theory, Public finance

Suggested Citation

Arestis, Philip and Mihailov, Alexander, Classifying Monetary Economics: Fields and Methods from Past to Future (September 2011). Journal of Economic Surveys, Vol. 25, Issue 4, pp. 769-800, 2011. Available at SSRN: https://ssrn.com/abstract=1892591 or http://dx.doi.org/10.1111/j.1467-6419.2010.00625.x

Philip Arestis (Contact Author)

University of Cambridge - Department of Land Economy ( email )

19 Silver Street
Cambridge, CB3 9EP
United Kingdom

Universidad del País Vasco (UPV/EHU)

Barrio Sarriena s/n
Leioa, Bizkaia 48940
Spain

Alexander Mihailov

University of Reading - Department of Economics ( email )

Reading
United Kingdom
+ 44 (0)118 378 5371 (Phone)

HOME PAGE: http://www.reading.ac.uk/economics/about/staff/a-Mihailov.aspx

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