TY  - BOOK
AU  - Welfens,Paul J.J.
ED  - SpringerLink (Online service)
TI  - Innovations in Macroeconomics
SN  - 9783642119095
AV  - HB172.5 
U1  - 339 23
PY  - 2011///
CY  - Berlin, Heidelberg
PB  - Springer Berlin Heidelberg
KW  - Economics
KW  - Economic policy
KW  - Macroeconomics
KW  - Economics/Management Science
KW  - Macroeconomics/Monetary Economics
KW  - Economic Policy
KW  - R & D/Technology Policy
N1  - Globalization, Specialization and Innovation Dynamics.-  Savings, Investment and Growth: New Approaches for Macroeconomic Modeling -- 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&D and Growth in Open Economies -- EU Innovation Policy: Analysis and Critique -- Financial Market Integration, Interest Rates and Economic Development -- Natural Resources, Oil Prices and Innovation Dynamics -- Portfolio Modeling and Growth in Open Economies -- Transatlantic Banking Crisis: Analysis, Rating, Policy Issues -- International Banking Crisis and Innovation -- New MARSHALL-LERNER Condition and Economic Globalization -- Trade, Innovation and Output Dynamics -- New Open Economy Policy Perspectives: Modified Golden Rule and Hybrid Welfare -- Employment in the R&D Sector, Economic Policy and the Golden Rule -- Some Remarks on Growth Analysis on the Basis of CES
N2  - 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
UR  - http://148.231.10.114:2048/login?url=http://link.springer.com/book/10.1007/978-3-642-11909-5
ER  -