Book

Prince Ankoma is an economist and development researcher whose work integrates monetary theory, innovation economics, and development analysis to address structural challenges in modern economies. His research advances macroeconomic theory by rethinking the relationship between money, prices, and output under conditions of technological change, digitalization, and innovation-driven growth. In The Innovation-Augmented Exchange Equation: Rethinking Money, Prices, and Output in the Digital Era, Prince 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 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, Prince 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, Prince’s work contributes to policy-relevant debates on monetary transmission, innovation-led growth, inclusive labor markets, and sustainable development in the digital era. His research has been submitted to leading development journals, including World Development perspective.