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  • Book
  • © 2008

Innovations in Macroeconomics

Authors:

  1. Paul J. J. Welfens

    1. EIIW – European Institute for International Economic Relations at the University of Wuppertal, Wuppertal, Germany
      Sciences Po, Paris

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  • Novel approaches to innovation dynamics and growth in open economies

  • New monetary and non-monetary growth models

  • Discussion of rational innovation policies in OECD countries

  • Includes supplementary material: sn.pub/extras

  • 6995 Accesses

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Table of contents (12 chapters)

  1. Front Matter

    Pages I-XVI
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  14. Back Matter

    Pages 440-455
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About this book

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. A new link between monetary analysis and growth modelling in open economies is presented. Structural change, innovations and growth are considered from a new perspective. Energy innovation dynamics are also considered. 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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Keywords

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Authors and Affiliations

  • EIIW – European Institute for International Economic Relations at the University of Wuppertal, Wuppertal, Germany

    Paul J. J. Welfens

  • Sciences Po, Paris

    Paul J. J. Welfens

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Buy it now

eBook USD 109.00
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book USD 149.00
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Other ways to access

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