LEADER 03979nam 2200637 a 450 001 9910810324203321 005 20200520144314.0 010 $a1-281-49168-3 010 $a9786611491680 010 $a3-540-79412-3 024 7 $a10.1007/978-3-540-79412-7 035 $a(CKB)1000000000440748 035 $a(EBL)367399 035 $a(OCoLC)272306911 035 $a(SSID)ssj0000179583 035 $a(PQKBManifestationID)11923015 035 $a(PQKBTitleCode)TC0000179583 035 $a(PQKBWorkID)10138717 035 $a(PQKB)10600263 035 $a(DE-He213)978-3-540-79412-7 035 $a(MiAaPQ)EBC367399 035 $a(Au-PeEL)EBL367399 035 $a(CaPaEBR)ebr10239429 035 $a(CaONFJC)MIL149168 035 $a(PPN)127052623 035 $a(EXLCZ)991000000000440748 100 $a20081208d2008 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aInnovations in macroeconomics$b[electronic resource] /$fPaul J.J. Welfens 205 $a[2nd ed.]. 210 $aBerlin $cSpringer$d2008 215 $a1 online resource (469 p.) 300 $aDescription based upon print version of record. 311 $a3-540-79411-5 320 $aIncludes bibliographical references. 327 $aGlobalization, 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. 330 $aModern 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. 606 $aMacroeconomics 606 $aMonetary policy 606 $aTechnological innovations$xEconomic aspects 615 0$aMacroeconomics. 615 0$aMonetary policy. 615 0$aTechnological innovations$xEconomic aspects. 676 $a339 700 $aWelfens$b Paul J. J$0630185 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910810324203321 996 $aInnovations in macroeconomics$94035986 997 $aUNINA