Introduction

Volodymyr Ryaboshlyk

Chapter 1 in Crisis and Embodied Innovations, 2014, pp 1-10 from Palgrave Macmillan

Abstract: Abstract While it has become a commonplace that innovations drive growth, it remains unclear whether innovations drive contraction as well. This book clears it up and finally puts the embodied innovations into the circle of recognised causes of economic crises. Unlike financial innovations that have already been much discussed as an alleged cause of the recent crisis, the real ones are still out of sight and out of mind while they merit consideration on their own.

Keywords: Monetary Policy; Total Factor Produc; Marginal Producer; Dynamic Stochastic General Equilibrium; Innovative Development (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-47707-1_1

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DOI: 10.1057/9781137477071_1

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