Growth and business cycles have a long tradition of being studied separately. However, events such as the Great Recession raise concerns that severe downturns may have detrimental implications for growth. If so, what policies may help alleviate such long-lasting effects of large recessions? To...

This open access book encompasses a collection of in-depth analyses showcasing the challenges and ways forward for macroeconomic modelling of R&D and innovation policies. Based upon the proceedings of the EC-DG JRC-IEA workshop held in Brussels in 2017, it presents cutting-edge contributions...

1. Introduction -- Part I. Macroeconomic Modelling of Innovation Policy: State-Of-The-Art -- 2. Innovation, Public Policy and Growth: What the Data Say -- 3. Innovation and Growth: Theory -- 4. The Frontier of Macroeconomic Modelling: Proceedings of the JRC-IEA Workshop 2017 -- Part II. Impact...