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Innovation policy and the business cycle

European countries are struggling to recover from the current downturn caused by the financial and economic crisis. Specifically, the EU is facing the challenge of persistently low rates of economic growth compared to its main economic partners. This policy brief analyses to what extent innovation policy could and should be used as an instrument to foster recovery from economic downturns.

This policy brief was prepared by IW Institut der deutschen Wirtschaft Köln Consult GmbH.

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