03979nam 2200637 a 450 991081032420332120200520144314.01-281-49168-397866114916803-540-79412-310.1007/978-3-540-79412-7(CKB)1000000000440748(EBL)367399(OCoLC)272306911(SSID)ssj0000179583(PQKBManifestationID)11923015(PQKBTitleCode)TC0000179583(PQKBWorkID)10138717(PQKB)10600263(DE-He213)978-3-540-79412-7(MiAaPQ)EBC367399(Au-PeEL)EBL367399(CaPaEBR)ebr10239429(CaONFJC)MIL149168(PPN)127052623(EXLCZ)99100000000044074820081208d2008 uy 0engur|n|---|||||txtccrInnovations in macroeconomics[electronic resource] /Paul J.J. Welfens[2nd ed.].Berlin Springer20081 online resource (469 p.)Description based upon print version of record.3-540-79411-5 Includes bibliographical references.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&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.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. 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.MacroeconomicsMonetary policyTechnological innovationsEconomic aspectsMacroeconomics.Monetary policy.Technological innovationsEconomic aspects.339Welfens Paul J. J630185MiAaPQMiAaPQMiAaPQBOOK9910810324203321Innovations in macroeconomics4035986UNINA