Financial Innovation, Endogenous Money Velocity, and Monetary Policy Transmission

In The Innovation-Augmented Exchange Equation: Rethinking Money, Prices, and Output in the Digital Era, Ankoma extends the classical quantity theory of money by explicitly incorporating innovation and digital productivity into the exchange framework. This contribution offers a theoretical explanation for the observed divergences between monetary expansion, inflation, and real output in contemporary economies-particularly in environments characterized by rapid technological diffusion and intangible capital formation. Alongside his monetary work, Ankoma examines labor market distortions, youth unemployment, and migrant marginalization through the lens of macro-development linkages. His concept of "development hazard" captures the systemic spillover effects of persistent unemployment and exclusion on productivity, fiscal sustainability, and long-run growth. By combining monetary modeling with applied econometrics, his research bridges macroeconomic theory, labor economics, and development policy. With a particular focus on African economies and migrant-receiving countries, Ankoma's work contributes to policy-relevant debates on monetary transmission, innovation-led growth, inclusive labor markets, and sustainable development in the digital era.

Pagina's: 76, Paperback, Eliva Press