States that modern macroeconomics suffers from an unclear link between short-term Keynesian analysis and long-term growth modeling. This book maintains that analysis suggests fresh approaches to innovations in open economies in many ways, including the Schumpeterian Mundell-Fleming model and new...

Introduction; Theoretical foundations; Substance and purposes of economic activity; Money and credit; Debts and balance sheets; The creation of bank deposits; The creation of central bank deposits; The instruments of a central bank (monetary policy); The creation of sovereign securities (fiscal...

Chapter 1 Introducing Pandemic Crisis -- Chapter 2 Migration and Welfare-State Policy -- Chapter 3 Globalization and Welfare-State Policy -- Chapter 4 Free Migration: Israel’s Experience -- Chapter 5 Globalization: Israel’s Experience -- Chapter 6 Federal Systems: US-EU Comparison.