{"product_id":"9783642442056","title":"Innovations in Macroeconomics","description":"\u003ch1\u003eInnovations in Macroeconomics\u003c\/h1\u003e \u003ch2\u003eWelfens, Paul J.J.\u003c\/h2\u003e \u003cp\u003e\u003c\/p\u003e\u003cp\u003eModern 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.\u003c\/p\u003e\u003cp\u003e\u003ci\u003eThis 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. \u003cbr\u003e\u003c\/i\u003eProf. Dr. David Audretsch, Institute of Development Strategies, Indiana University, Bloomington, USA\u003c\/p\u003e \u003ch3\u003eDetails\u003c\/h3\u003e \u003cp\u003ePublished by: Springer\u003c\/p\u003e \u003cp\u003ePublication Date: 2014-10-02\u003c\/p\u003e \u003cp\u003eFormat: Paperback\u003c\/p\u003e \u003cp\u003eISBN-13: 9783642442056\u003c\/p\u003e \u003cp\u003eDOI: 10.1007\/978-3-642-11909-5\u003c\/p\u003e \u003cp\u003eDimensions: 235cm x155cm\u003c\/p\u003e \u003cp\u003ePages: 634\u003c\/p\u003e ","brand":"Springer Berlin Heidelberg","offers":[{"title":"Default Title","offer_id":49940191346828,"sku":"9783642442056","price":98.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0710\/9545\/1788\/files\/9783642442056.jpg?v=1779056727","url":"https:\/\/lateknightbooks.com\/products\/9783642442056","provider":"Late Knight Books and Services, LLC","version":"1.0","type":"link"}