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Innovations in Macroeconomics [Hardcover]

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Item description for Innovations in Macroeconomics by Paul J.J. Welfens...

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.

This important new book sets a new direction for macroeconomics. By linking several strands of fundamental economic thinking into a coherent, integrated framework it provides a pathbreaking understanding into the fundamental forces shaping macroeconomic performance. In particular, by injecting insights from the Schumpeterian model, the author succeeds in presenting a new policy framework to guide economic growth policy.
Prof. Dr. David Audretsch,Institute of Development Strategies, Indiana University, Bloomington, USA

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Item Specifications...

Pages   432
Est. Packaging Dimensions:   Length: 9.45" Width: 6.46" Height: 1.18"
Weight:   1.72 lbs.
Binding  Hardcover
Release Date   Nov 29, 2006
Publisher   Springer
ISBN  3540328599  
ISBN13  9783540328599  

Availability  0 units.

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Product Categories

1Books > Subjects > Business & Investing > Economics > General
2Books > Subjects > Business & Investing > Economics > Macroeconomics
3Books > Subjects > Business & Investing > General
4Books > Subjects > Business & Investing > Management & Leadership > Operations Research

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