Innovations in Macroeconomics

Editors: Welfens, Paul J. J. (Ed.)

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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
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  • ISBN 978-3-642-11909-5
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Hardcover $159.99
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Softcover $159.99
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  • ISBN 978-3-642-44205-6
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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. 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

Table of contents (20 chapters)

Table of contents (20 chapters)
  • A. Globalization, Specialization and Innovation Dynamics

    Pages 1-107

    Welfens, Prof. Dr. Paul J.J.

  • B. Savings, Investment and Growth: New Approaches for Macroeconomic Modeling

    Pages 109-127

    Welfens, Prof. Dr. Paul J.J.

  • C. Economic Integration, Technological Progress and Growth

    Pages 129-144

    Welfens, Prof. Dr. Paul J.J.

  • D. Impact of the Real Exchange Rate on Trade, Structural Change and Growth

    Pages 145-175

    Welfens, Prof. Dr. Paul J.J.

  • E. Macroeconomic Aspects of Opening up, Unemployment, Growth and Transition

    Pages 177-214

    Welfens, Prof. Dr. Paul J.J.

Buy this book

eBook $119.00
price for USA in USD
  • ISBN 978-3-642-11909-5
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $159.99
price for USA in USD
  • ISBN 978-3-642-11907-1
  • Free shipping for individuals worldwide
  • Institutional customers should get in touch with their account manager
  • Covid-19 shipping restrictions
  • Usually ready to be dispatched within 3 to 5 business days, if in stock
Softcover $159.99
price for USA in USD
  • ISBN 978-3-642-44205-6
  • Free shipping for individuals worldwide
  • Institutional customers should get in touch with their account manager
  • Covid-19 shipping restrictions
  • Usually ready to be dispatched within 3 to 5 business days, if in stock
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Bibliographic Information

Bibliographic Information
Book Title
Innovations in Macroeconomics
Editors
  • Paul J. J. Welfens
Copyright
2011
Publisher
Springer-Verlag Berlin Heidelberg
Copyright Holder
Springer-Verlag Berlin Heidelberg
eBook ISBN
978-3-642-11909-5
DOI
10.1007/978-3-642-11909-5
Hardcover ISBN
978-3-642-11907-1
Softcover ISBN
978-3-642-44205-6
Edition Number
3
Number of Pages
XXII, 634
Topics