TY - BOOK ID - 219029 TI - Innovations in macroeconomics PY - 2008 SN - 1281491683 9786611491680 3540794123 3540794115 PB - Berlin : Springer, DB - UniCat KW - Macroeconomics. KW - Monetary policy. KW - Technological innovations KW - Economic aspects. KW - Economics KW - Monetary management KW - Economic policy KW - Currency boards KW - Money supply KW - Economic policy. KW - Macroeconomics/Monetary Economics//Financial Economics. KW - Economic Policy. KW - R & D/Technology Policy. KW - Economic nationalism KW - Economic planning KW - National planning KW - State planning KW - Planning KW - National security KW - Social policy UR - https://www.unicat.be/uniCat?func=search&query=sysid:219029 AB - 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. ER -