Modern macroeconomics suffers from an unclear link between short-term Keynesian analysis and long-term growth modelling. Moreover, product and process innovations have been only partially integrated. The analysis suggests new approaches to innovations in open economies in many ways, including the Schumpeterian Mundell-Fleming model and new monetary growth models. A specific focus is on the role of innovations for output, employment and exchange rate developments. This book presents a new link between monetary analysis and growth modelling in open economies. Structural change, innovations and growth are considered from a new perspective. With respect to economic policy – in particular innovation policy – the analysis implies major changes, concerning both EU countries and other leading OECD economies.
Paul J.J. Welfens
Innovations in Macroeconomics [PDF ebook]
Innovations in Macroeconomics [PDF ebook]
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Language English ● Format PDF ● Pages 432 ● ISBN 9783540682165 ● File size 2.7 MB ● Publisher Springer Berlin ● City Heidelberg ● Country DE ● Published 2007 ● Downloadable 24 months ● Currency EUR ● ID 2162764 ● Copy protection Social DRM