The New Economy and macroeconomic stability. A neo-modern perspective drawing on complexity theory and Keynesian economics

The past decade has seen many leading economies, especially the US, undergo profound structural transformations. Departing from the standard theories employed to explain this phenomenon The New Economy and Macroeconomic Stability provides the first broad analysis of the New Economy. The book studies the interaction of key variables such as; information technology, globalisation, and the increasing significance of intangibles and financial markets. The New Economy and Macroeconomic Stability utilises a ‘neo-modern’ perspective drawing on complexity theory to the advance the study of stability, and of the dynamic behaviour, of economic systems. Togati utilises the Calvino labels to identify new empirical evidence and examines the implications for global stability based on New Classical Macroeconomics and Keynesian theory. The analysis developed in this book has important practical and policy implications for the New Economy. This book is essential reading for students, academics and practitioners in this field.