Innovations in macroeconomics
- ISBN: 9783642119071
- Editorial: Springer International Publishing AG
- Fecha de la edición: 2011
- Lugar de la edición: Berlin. Alemania
- Edición número: 3rd ed.
- Encuadernación: Cartoné
- Medidas: 23 cm
- Nº Pág.: 634
- Idiomas: Inglés
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.
