Innovations in Macroeconomics (Softcover reprint of hardcover 2nd ed. 2008)

Modern macroeconomics suffers from an unclear link between short-term Keynesian analysis and long-term growth modelling.

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.