Details

Innovations in Macroeconomics


Innovations in Macroeconomics



von: Paul J.J. Welfens

99,99 €

Verlag: Springer
Format: PDF
Veröffentl.: 06.03.2007
ISBN/EAN: 9783540682165
Sprache: englisch
Anzahl Seiten: 432

Dieses eBook enthält ein Wasserzeichen.

Beschreibungen

<P>Modern macroeconomics suffers from an unclear link between short-term Keynesian analysis and long-term growth modelling. 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.</P>
<P>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.</P>
<P><EM>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. <BR></EM>Prof. Dr. David Audretsch,&nbsp;Institute of Development Strategies, Indiana University, Bloomington, USA</P>
Globalization, Specialization and Innovation Dynamics.- Savings, Investment and Growth: New Approaches for Macroeconomic Modelling.- Economic Integration, Technological Progress and Growth.- Impact of the Real Exchange Rate on Trade, Structural Change and Growth.- Macroeconomic Aspects of Opening up, Unemployment, Growth and Transition.- Productivity Shocks, Innovations, Stock Market Dynamics and Growth.- Innovation Dynamics and Optimum Growth.- Trade, Structural Change and Growth in an Open Monetary Economy.- Innovations in the Digital Economy: Promotion of R&amp;D and Growth in Open Economies.- EU Innovation Policy: Analysis and Critique.- Financial Market Integration, Interest Rates and Economic Development.
<P>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.</P>
<P><EM>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. <BR></EM>Prof. Dr. David Audretsch,&nbsp;Institute of Development Strategies, Indiana University, Bloomington, USA</P>
<p>Novel approaches to innovation dynamics and growth in open economies</p><p>New monetary and non-monetary growth models</p><p>Discussion of rational innovation policies in OECD countries</p><p>Includes supplementary material: sn.pub/extras</p>

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