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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.
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Innovations in macroeconomics, Paul J. J. Welfens
- Language
- Released
- 2008
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- Title
- Innovations in macroeconomics
- Language
- English
- Authors
- Paul J. J. Welfens
- Publisher
- Springer
- Released
- 2008
- ISBN10
- 3540794115
- ISBN13
- 9783540794110
- Category
- Business and Economics
- Description
- 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.