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Item Details
Title: INNOVATIONS IN MACROECONOMICS
By: Paul J. J. Welfens
Format: Hardback

List price: £75.00


We currently do not stock this item, please contact the publisher directly for further information.

ISBN 10: 3540328599
ISBN 13: 9783540328599
Publisher: SPRINGER-VERLAG BERLIN AND HEIDELBERG GMBH & CO. KG
Pub. date: 1 November, 2006
Pages: 446
Description: Modern macroeconomics suffers from an unclear link between short-term Keynesian analysis and long-term growth modelling. This book presents a link between monetary analysis and growth modelling in open economies. It considers structural change, innovations and growth from a fresh perspective.
Synopsis: 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.
Illustrations: 99 black & white illustrations, 23 black & white tables
Publication: Germany
Imprint: Springer-Verlag Berlin and Heidelberg GmbH & Co. K
Returns: Non-returnable
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