Endogenous Growth, Market Failures and Economic Policy develops, within a rigorous formal framework, innovative and unconventional macroeconomic policy perspectives that can be deduced from the New Growth Theory in the presence of market imperfections, adopting the standard structure of fiscal, monetary and trade policy for the book. For instance, the introduction of monopolistic competition leads to positive growth effects of fiscal policy as well as protection of infant industries.

MARTIN ZAGLER is Assistant Professor, Vienna University of Economics & B.A., Vienna. He previously studied at the J. Kepler-University of Linz, University of Aix-Marseille II, Vienna University of Economics & B.A., The Vienna Institute for Advanced Studies, and the European University Institute, Florence. He received the Stephan-Koren Price for the best dissertation at the Vienna University of Economics & B.A. in 1995/96 and the Theodor-Körner Price for his contribution to Growth policy in 1997. His fields of research are Intertemporal Macroeconomics, Endogenous Growth, New Keynesian Economics and Monetary and Exchange Rate Economics.