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Classifying Monetary Economics: Fields and Methods from Past to Future

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  • Philip Arestis

    ()
    (Department of Land Economy, University of Cambridge)

  • Alexander Mihailov

    ()
    (Department of Economics, University of Reading)

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 is this an attempt 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 hope is to stimulate an improved understanding of the evolving nature and internal consistency of monetary economics at large.

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Paper provided by Henley Business School, Reading University in its series Economics & Management Discussion Papers with number em-dp2008-64.

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Length: 34 pages
Date of creation: 16 Nov 2008
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Handle: RePEc:rdg:emxxdp:em-dp2008-64

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Keywords: monetary economics; monetary theory; monetary policy; public finance; classification; methodology;

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Cited by:
  1. Philip Arestis & Alexander Mihailov, 2007. "Flexible Rules cum Constrained Discretion: A New Consensus in Monetary Policy," Economics & Management Discussion Papers em-dp2007-53, Henley Business School, Reading University.

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