H. Trautwein und M. Garcia-Molina, Peripheral Visions of Economic Development New frontiers in development economics and the history of economic thought, Routledge.
@Book{, title = {Peripheral Visions of Economic Development New frontiers in development economics and the history of economic thought},
publisher = {Routledge},
year = {2016},
author = {Trautwein, Hans-Michael and Garcia-Molina, Mario},
owner = {Catharuna Schramm},
timestamp = {28.11.2016},
url = {https://www.routledge.com/Peripheral-Visions-of-Economic-Development-New-frontiers-in-development/Garcia-Molina-Trautwein/p/book/9781138909229},
}
H. Trautwein, Die Zeit um den Ersten Weltkrieg als Krisenzeit der OekonomenVerein für Socialpolitik.
@InCollection{,
author = {Trautwein, Hans-Michael},
title = {Die Zeit um den Ersten Weltkrieg als Krisenzeit der Oekonomen},
booktitle = {Studien zur Entwicklung der oekonomischen Theorie},
publisher = {Verein für Socialpolitik},
year = {2016},
number = {ISBN 978-3-428-14788-5},
pages = {339},
abstract = {Der vorliegende Band blickt ein Jahrhundert zurueck auf das damalige oekonomische Denken im deutschsprachigen Raum. In der Zeit um den Ersten Weltkrieg befand sich die etablierte Nationalökonomie in einer Krise – diskreditiert als apologetische Ordnungswissenschaft des Kaiserreichs, gelähmt durch Kontroversen über Methoden, Werturteile und Stellenbesetzungen, zersplittert in unvereinbare und wenig zugängliche Begriffswelten. Hierfür bieten mehrere Kapitel des Bandes eindrucksvolle Belege, z.B. anhand der Beteiligung von Volkswirten an geopolitischen und kriegswirtschaftlichen Planungen und Entscheidungen, anhand zentraler Streitfelder im Verein für Socialpolitik sowie anhand des Niedergangs der Nationalökonomie an der Wiener Universität. Es gab zu jener Zeit jedoch auch eine Fülle von Außenseitern, die beachtliche Beiträge zum ökonomischen Denken lieferten. Andere Beiträge erinnern an solche weithin vergessenen Denker, wie etwa Walther Rathenau, Oskar Stillich und Georg von Charasoff.},
url = {http://www.duncker-humblot.de/index.php/fachgebiete/wirtschaftsundsozialwissenschaften/volkswirtschaftslehre/die-zeit-um-den-ersten-weltkrieg-als-krisenzeit-der-okonomen.html?},
}
H. Trautwein und F. Koerner, "German Economic Models, Transnationalization and European Imbalances" Political Economy of the Eurozone, p. 32.
@Article{,
author = {Trautwein, Hans-Michael and Koerner, Finn},
title = {German Economic Models, Transnationalization and European Imbalances},
journal = {Political Economy of the Eurozone},
year = {2016},
pages = {32},
abstract = {Germany’s net exports and macroeconomic policy stance are controversial issues in current debates about the Eurozone debt crisis. This paper shows that both are characteristics of what has been described in a variety of political economy literatures as the German socio-economic model. We argue that the model has evolved in three stages, from the economic miracle of the post-war era through the era of “Germany Inc.” and Bundesbank hegemony to the present transnationalization of German industries and finance. The three stages of the German model – or Models D, mark I-III – correspond closely to the exchange rate regimes of Bretton Woods, the European Monetary System and European Monetary Union (EMU). We describe them in three analogous settings that specify their different working conditions under the respective exchange-rate regime, following a chronology of success, dynamic instability and transformation. We point out that, while the German economy has under-gone substantial changes, there are two different mindsets of model thinking in Germany that have been remarkably persistent in public debate. We refer to these two mindsets as ordoliberalism and neo-mercantilism. Ordoliberalism is the normative mindset of policy speakers and academic economists, whereas neo-mercantilism is the practical mindset of policymakers and business leaders. We discuss the differences and complementary uses of these modes of German model thinking and draw attention to their flaws and inadequacies at the present stage of European integration and transnationalization of the German economy.},
keywords = {macroeconomic policy regimes, export-led growth, global imbalances, ordoliberalism, neo-mercantilism},
owner = {Catharina Schramm},
timestamp = {28.11.2016},
url = {https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2378178},
}
H. Trautwein, "Some international aspects of business cycles: Neisser, Haberler and modern Open Economy Macroeconomics" Journal of the History of Economic Thought, p. 32.
@Article{,
author = {Trautwein, Hans-Michael},
title = {Some international aspects of business cycles: Neisser, Haberler and modern Open Economy Macroeconomics},
journal = {Journal of the History of Economic Thought},
year = {2016},
pages = {32},
abstract = {Despite the transnational character of the Great Depression of the years 1929-33, there are few works in the inter-war literature that deal in depth with the propagation of business cycles across national borders and systemic risks of depression in the world economy. Two notable exceptions are Hans Neisser’s monograph on Some International Aspects of the Business Cycle (1936) and chapter 12 in Gottfried Haberler’s Prosperity and Depression (1937), which carries the heading “International Aspects of Business Cycles”. Both works differ substantially from each other and from the modern way of thinking about international business cycles in Open Economy Macroeconomics. This paper argues that Neisser’s and Haberler’s approaches provide more straightforward routes to capturing some of the transnational aspects of the recent Great Recession (of 2008/09) than the modern standard approach. At the first stage, the two older approaches are presented and compared with each other. At the second stage, they are contrasted with the current state of open-economy macroeconomics, as represented by Uribe & Schmitt-Grohé (2014), a textbook in the making that puts international macro in a business cycle framework. Since Haberler’s account accentuates the role of transport costs, imperfections of capital markets and monetary policies, it can be used as a catalogue of criteria for checking what modern attempts to connect international trade, international finance and economic growth have got (back) in sight. More importantly, both Haberler’s and Neisser’s approach also serve to identify what has been lost out of sight.},
keywords = {international business cycles, open economy macroeconomics, Hans Neisser, Gottfried Haberler},
owner = {Catharina Schramm},
timestamp = {28.11.2016},
url = {https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2557938},
}
H. Trautwein, Knut Wicksell (1851-1926), Gustav Cassel (1886-1945), Gunnar Myrdal (1898-1987)Edward Elgar.
doi: 10.4337/9781785366642.00066
@InCollection{,
author = {Trautwein, Hans-Michael},
title = {Knut Wicksell (1851-1926), Gustav Cassel (1886-1945), Gunnar Myrdal (1898-1987)},
booktitle = {Handbook on the History of Economic Analysis, Vol I: Great Economists since Petty and Boisguilbert},
publisher = {Edward Elgar},
year = {2016},
editor = {Gilbert Faccarello and Heinz D. Kurz},
pages = {347 - 362 and further},
abstract = {Opinions about the Swedish economist Gustav Cassel (1866–1945) have varied over time. Before the First World War, he made himself known as a progressive liberal who advocated social reform and trade unions as means to increase labour productivity and economic growth. In the 1920s, he was considered to be “the most influential leader of our science” (Schumpeter 1954: 1154). He advised the League of Nations and national governments on monetary policy issues, and attracted worldwide attention as a lecturer and writer of textbooks, pamphlets and articles. In the wake of the Great Depression, Cassel fell out of favour with public opinion, due to his opposition to the “new economics” of the Stockholm School, Keynes and other advocates of fiscal activism. His image shifted from that of a skilful popularizer of complex theory and “pragmatic truths” to that of a conceited vulgarizer, if not plagiarizer of Walras. In the 1980s, Cassel was reappraised as a “pioneer” of growth theory, monetary targeting, the notion of revealed preferences, and other concepts. Since then, many of these claims have been disputed or downsized. Life Karl Gustav Cassel was born into a merchant family in Stockholm in 1866. After taking a doctoral degree in mathematics in 1895, Cassel turned to studies in economics. In 1898 and 1899 he went to Germany to attend lectures of Gustav Schmoller, Adolph Wagner and other representatives of the historical school and Kathedersozialisten (socialists of the chair). On visits to England in 1901 and 1902 he made the acquaintance...},
doi = {10.4337/9781785366642.00066},
url = {http://www.e-elgar.com/shop/handbook-on-the-history-of-economic-analysis-volume-i},
}
@InCollection{,
author = {Trautwein, Hans-Michael},
title = {The Stockholm (Swedish) School},
booktitle = {Handbook on the History of Economic Analysis, Vol. II: Schools of Thought in Economics},
publisher = {Edward Elgar},
year = {2016},
editor = {Gilbert Faccarello and Heinz D. Kurz},
pages = {358-367},
doi = {10.4337/9781785367366.00029},
owner = {Catharina Schramm},
timestamp = {28.11.2016},
url = {http://www.elgaronline.com/view/9781849801119.00029.xml},
}
H. Trautwein und F. M. Koerner, "Rating Sovereign Debt in a Monetary Union - Original Sin by Transnational Governance" Journal of Risk Finance, iss. 3.
@Article{,
author = {Trautwein, Hans-Michael and Koerner, Finn Marten},
title = {Rating Sovereign Debt in a Monetary Union - Original Sin by Transnational Governance},
journal = {Journal of Risk Finance},
year = {2015},
number = {3},
pages = {253-283},
abstract = {It is frequently argued that credit rating agencies (CRAs) have acted procyclically in their rating of sovereign debt in the European Monetary Union (EMU). They are believed to have under-rated sovereign risk in the early years of EMU, when integrated financial markets provided easier access to liquidity, and to have contributed to the recent Eurozone debt crisis by over-rating the lack of (individual) monetary sovereignty that EMU entails for its member states. Yet, there is little direct evidence for this so far. While CRAs are quite explicit about their risk assessments concerning public debt that is denominated in foreign currency, the same cannot be said about their treatment of sovereign debt issued in the currency of a monetary union. We examine the major CRAs’ methodologies for rating sovereign debt and test their ratings for a monetary union bonus in good times and a malus, akin to the 'original sin' problem of emerging market countries, in bad times. Using a newly compiled dataset of quarterly sovereign bond ratings from 1990 until 2012, we find some evidence that EMU countries received a rating bonus on euro-denominated debt before the global financial crisis and a large penalty after 2007.},
keywords = {Credit rating agencies, rating methodologies, sovereign debt, monetary union},
url = {https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2458378},
}
H. Trautwein, "Three macroeconomic syntheses of vintage 1937: Hicks, Haberler and Lundberg" Journal of the History of Economic Thought.
@Article{,
author = {Trautwein, Hans-Michael},
title = {Three macroeconomic syntheses of vintage 1937: Hicks, Haberler and Lundberg},
journal = {Journal of the History of Economic Thought},
year = {2014},
pages = {839-870},
url = {http://dx.doi.org/10.1080/09672567.2013.873944},
}
H. Trautwein, B. Sandelin, und R. Wundrak, A Short History of Economic Thought (3rd ed., witht Bo Sandelin and Richard Wundrak), 3rd ed. ed., Routledge.
@Book{, title = {A Short History of Economic Thought (3rd ed., witht Bo Sandelin and Richard Wundrak)},
publisher = {Routledge},
year = {2014},
author = {Trautwein, Hans-Michael and Sandelin, Bo and Wundrak, Richard},
edition = {3rd ed.},
abstract = {This book, now in its third edition, provides an elementary introduction to the history of economic thought. A chapter is devoted to each of the major developments in the history of the discipline, before a concluding chapter in which the authors draw together some of the key strands and comment on some major works and textbooks in the history of economic ideas. They also reflect on the changes in economic thinking within the general context of the philosophy of science. This new edition continues to offer the clear and concise coverage of the main schools of thought and paradigm shifts in the field that has become the volume’s trademark. The book has been thoroughly updated throughout in order to reflect changes in the landscape of the field. Details on key thinkers, and aspects of the story such as the evolution of scholarship on growth and development, have been added or expanded, whilst not compromising on the book’s concise approach. Key updates include: Biographical- and bibliographical information is brought up to date throughout the text North American economists John Kenneth Galbraith and Kenneth Ewart Boulding make their first appearance in this edition Information on developments in institutional economics, addressing in particular the works of 2009 Nobel prize winner Elinor Ostrom). This book has become well known for its innovative coverage of the economic thinking of mainland Europe, whilst also addressing Anglo-American trends. It provides a short and highly readable overview of the evolution of economic thought, usable in courses where the history of economic thought constitutes only a small part or required background reading. It continues to be an extremely useful, much needed text for all introductory economics courses in the field.},
url = {https://www.routledge.com/A-Short-History-of-Economic-Thought/Sandelin-Trautwein-Wundrak/p/book/9781138780200},
}
H. Trautwein, Die Entwicklung der Raumwirtschaftslehre von ihren Anfaengen bis in die GegenwartDuncker and Humblot.
@InCollection{,
author = {Trautwein, Hans-Michael},
title = {Die Entwicklung der Raumwirtschaftslehre von ihren Anfaengen bis in die Gegenwart},
booktitle = {Studien zur Entwicklung der oekonomischen Theorie Vol.XXIX (Schriften des Vereins für Socialpolitik 115/XXIX)},
publisher = {Duncker and Humblot},
year = {2014},
pages = {371},
abstract = {Die Beiträge zum vorliegenden Band befassen sich mit der Entwicklung des Nachdenkens über den Raum als Dimension wirtschaftlichen Handelns. Ihr Zeithorizont reicht von der Stadtentwicklungstheorie Giovanni Boteros im 16. Jahrhundert bis zur »Neuen Ökonomischen Geographie« alias »geographischen Ökonomik« der Gegenwart. In mehreren Beiträgen wird aufgezeigt, wie man mit Hilfe des historischen Fundus an ökonomischen Theorien Städte und Landschaften lesen kann. Eine gleichmäßig flächendeckende Behandlung der Geschichte der Raumwirtschaftslehre soll der Band allerdings nicht leisten. Er enthält vielmehr zwei Schwerpunkte, die sicherlich auch für kundige Leser Neues enthalten. Der erste ist eine Gesamtschau auf Thünens raumwirtschaftliches Gleichgewichtsmodell, die reichhaltige und tiefgründige Überlegungen aus Thünens unveröffentlichten Manuskripten einbezieht. Der zweite Schwerpunkt ist die historische Darstellung und analytische Betrachtung der Raumforschung deutscher Wirtschaftswissenschaftler während und nach der NS-Zeit. Darin wird unter anderem deutlich, wie eng etliche Ökonomen – von denen einige später in der Bundesrepublik Ansehen genossen – während des Krieges unter dem Leitbegriff »Raumordnung« in die Planung der Umsiedlung und Vernichtung von Juden und anderen Ortsansässigen in den eroberten Gebieten im Osten eingebunden waren.},
url = {http://www.duncker-humblot.de/index.php/die-entwicklung-der-raumwirtschaftslehre-von-ihren-anfangen-bis-in-die-gegenwart.html?},
}
H. Trautwein und F. Koerner, "Sovereign credit ratings and the transnationalization of finance. Evidence from a gravity model of portfolio investment" University of Oldenburg, Department of Economics, Working Papers 2014-31, 2014.
@TechReport{,
author = {Trautwein, Hans-Michael and Koerner, Finn},
title = {Sovereign credit ratings and the transnationalization of finance. Evidence from a gravity model of portfolio investment},
institution = {University of Oldenburg, Department of Economics},
year = {2014},
type = {Working Papers},
number = {2014-31},
abstract = {It is a matter of debate in how far credit ratings contribute to allocative efficiency or to excessive volatility of asset prices and cross-border capital flows. Yet it is generally taken for granted that ratings play a significant role in the transnationalization of financial relations. This paper tests the hypothesis with regard to data on sovereign credit ratings and foreign portfolio investment. A rating-related gravity model of finance is derived from the choice-theoretical framework of Okawa and van Wincoop (Gravity in International Finance 2012) and estimated in three stages. At the first stage, the authors find that the introduction and evolution of sovereign ratings and their gradual improvement since the 1970s has affected inward portfolio investment stocks and flows in host countries. At the second stage, the authors examine to which extent sovereign ratings help to predict the degree of investors’ home bias, as measured by the share of outward portfolio investment holdings in the home countries’ portfolios, and whether they can account for the divergent dynamics before and after the global financial crisis. At the third stage, the authors look at the explanatory content of ratings for the determination of the size of bilateral portfolio investment. Evidence for a significant role of sovereign ratings is found at all three stages.},
keywords = {Credit rating agencies; portfolio investment; gravity model; home bias},
url = {http://www.economics-ejournal.org/economics/discussionpapers/2014-31/file},
}
H. Trautwein, R. Tamborini, und R. Mazzocchi, "Wicksell, Keynes and the New Neoclassical Synthesis: What can we learn for monetary policy?" Economic Notes. Review of Banking, Finance and Monetary Economics, vol. 43, iss. 2.
doi: 0.1111/ecno.12016
@Article{,
author = {Trautwein, Hans-Michael and Tamborini, Roberto and Mazzocchi, Ronny},
title = {Wicksell, Keynes and the New Neoclassical Synthesis: What can we learn for monetary policy?},
journal = {Economic Notes. Review of Banking, Finance and Monetary Economics},
year = {2014},
volume = {43},
number = {2},
pages = {79-114},
month = {07},
abstract = {The New Neoclassical Synthesis (NNS) provides the established macroeconomic foundation for monetary policy. The Great Recession has, however, unveiled a number of unresolved issues. Prominent scholars have stressed the connections of the NNS with the founders of macroeconomic thought, Wicksell and Keynes. Our main contention is that the NNS fails to consider, and learn from, the hallmark of Wicksell's and Keynes's approaches to business cycles, namely investment–saving imbalances (ISI). Systematic studies of macroeconomic instability, and notably the Great Recession, give prominence to this phenomenon. Drawing on Wicksell's and Keynes's insights, this paper provides a framework to deal with ISI and monetary policy according to modern theoretical standards and techniques (e.g. agents seek to optimize intertemporally and markets clear). Section 2 of the paper clarifies some basic theoretical issues underlying the NNS vis-à-vis Wicksell and Keynes. Section 3 presents a dynamic model whereby it is possible to assess some basic issues concerning the macroeconomics of ISI that are at variance with the NNS. Section 4 shows how system stabilization can be achieved by means of a ‘Wicksellian’ interest-rate rule, which, however, displays dynamic features and conditions that differ from the current NNS consensus. Central banks may thus learn that ISI deserve careful symptom monitoring, and that they require greater attention to the dynamic stability of choices of policy reaction functions.},
doi = {0.1111/ecno.12016},
url = {http://onlinelibrary.wiley.com/doi/10.1111/ecno.12016/abstract},
}
H. Trautwein und M. Ying, Thoughts on Economic Development in China, Trautwein, H. und Ying, M. Eds., Routledge.
@Book{, title = {Thoughts on Economic Development in China},
publisher = {Routledge},
year = {2013},
author = {Trautwein, Hans-Michael and Ying, Ma},
editor = {Trautwein, Hans-Michael and Ying, Ma},
abstract = {This book is about mutual influences of thinking about economic development in China and in the West, from the 18th century until the present. Its chapters are contributed by development economists and historians of thought from China and other parts of the world. The book describes important stages in the evolution, cross-fertilization and contextual modification of ideas about economic order, development and institutional change. It illustrates how Western concepts and theories have been adopted and adapted to Chinese conditions in different waves of modernization from the late 19th century until the present and that this was and is no one-way traffic. The book examines to what extent pre-classical thinking in the West, in particular French Physiocracy in mid-18th century, was influenced by China as an ideal and a source of ideas, at a time when China was the largest and most advanced economy in the world. It discusses to what extent different approaches of modern Western-style economics, in particular in the fields of development economics and institutional economics, can be used to understand the rapid transitions and developments of the Chinese economy in recent decades, and to what extent they need to be modified in the light of new experiences and insights. Against this background, several contributions to the volume provide assessments of the current state of economic science and teaching in China, in particular with regard to Chinese views on Western economics. The book should be of interest to those who are interested in the economic history of China.},
url = {https://www.routledge.com/Thoughts-on-Economic-Development-in-China/Ying-Trautwein/p/book/9780415684279},
}
H. Trautwein, H. Kraemer, und H. D. Kurz, Macroeconomics and the History of Economic Thought: Festschrift in Honour of Harald Hagemann, Trautwein, H., Kraemer, H., und Kurz, H. D. Eds., Routledge.
@Book{, title = {Macroeconomics and the History of Economic Thought: Festschrift in Honour of Harald Hagemann},
publisher = {Routledge},
year = {2012},
author = {Trautwein, Hans-Michael and Kraemer, Hagen and Kurz, Heinz D.},
editor = {Trautwein, Hans-Michael and Kraemer, Hagen and Kurz, Heinz D.},
abstract = {The essays in this Festschrift have been chosen to honour Harald Hagemann and his scientific work. They reflect his main contributions to economic research and his major fields of interest. The essays in the first part deal with various aspects within the history of economic thought. The second part is about the current state of macroeconomics. The essays in the third part of the book cover topics on economic growth and structural dynamics.},
url = {https://www.routledge.com/Macroeconomics-and-the-History-of-Economic-Thought-Festschrift-in-Honour/Kramer-Kurz-Trautwein/p/book/9781138241107},
}
H. Trautwein und D. Ehnts, "From the New Trade Theory to the New Economic Geography: A Space Odyssey" OEconomia, vol. 2.
@Article{,
author = {Trautwein, Hans-Michael and Ehnts, Dirk},
title = {From the New Trade Theory to the New Economic Geography: A Space Odyssey},
journal = {OEconomia},
year = {2012},
volume = {2},
pages = {35-66},
abstract = {This paper examines the evolution of New Economic Geography (NEG) as a sequel to New Trade Theory. The focus is on the contributions and methodological self-reflections of Paul Krugman, who started both the NTT and the NEG. His approach is characterized as “MIT programme”, a combination of Samuelson’s imperative of modelling economic problems in minimalistic frameworks of constrained optimization with Krugman’s own rules for building pathbreaking models. This paper compares the actual achievements of the NEG with the demands of the MIT programme. It is argued that the extension of trade theory to geographical economics has widened the scope of analysis of economic interaction between different countries (or regions), but that the NEG still has some way to go in exploring the role of space. Transport costs have mostly been introduced in an ad-hoc fashion, but there are first attempts to endogenize them in terms of market prices for trade services.},
url = {https://oeconomia.revues.org/1616},
}
H. Trautwein, Old Swedes on money and capitalRoutledge.
@InCollection{,
author = {Trautwein, Hans-Michael},
title = {Old Swedes on money and capital},
booktitle = {Classical Political Economy and Modern Theory. Essays in honour of Heinz Kurz},
publisher = {Routledge},
year = {2012},
editor = {Gehrke, Christian and Steedman,Ian and Sturn, Richard},
chapter = {16},
pages = {266-286},
url = {https://www.econbiz.de/Record/old-swedes-on-money-and-capital-trautwein-hans-michael/10009532914},
}
H. Trautwein, "From Austrian economics to the Swedish welfare state: Wicksellian views on money and income distribution" Cahiers d'économie Politique / Papers in Political Economy, iss. 61.
doi: 10.3917/cep.061.0051
@Article{,
author = {Trautwein, Hans-Michael},
title = {From Austrian economics to the Swedish welfare state: Wicksellian views on money and income distribution},
journal = {Cahiers d'économie Politique / Papers in Political Economy},
year = {2011},
number = {61},
pages = {51-90},
abstract = {The redistribution of incomes is a recurrent theme in the works of Wicksell, Hayek and the Stockholm School, which focused on interest-rate misalignments and subsequent imbalances of investment and saving. Distributional issues were also at the centre of the policy concepts that later came to be known as “the Swedish model”. Yet, with few exceptions, Wicksellian analysis of the transmission of monetary impulses to income distribution and its feedbacks is surprisingly meagre. This paper analyses the links and gaps between distributive and monetary discourses in the Wicksellian literature. It shows that the nature of the gaps changed from failures to overcome the neoclassical dichotomy of general equilibrium and monetary theory to historical disjunctions in pre- and post-war policy regimes.},
doi = {10.3917/cep.061.0051},
url = {http://dx.doi.org/10.3917/cep.061.0051},
}
H. Trautwein und B. Sandelin, The Baltic Exchange: Mutual Influences between Economists in the German and Swedish Language AreasDuncker and Humblot.
@InCollection{,
author = {Trautwein, Hans-Michael and Sandelin, Bo},
title = {The Baltic Exchange: Mutual Influences between Economists in the German and Swedish Language Areas},
booktitle = {Studien zur Entwicklung der oekonomischen Theorie XXIV},
publisher = {Duncker and Humblot},
year = {2010},
editor = {Kurz, Heinz D.},
pages = {65-96},
abstract = {In the 19th and 20th centuries economists of the German and Swedish language areas strongly influenced each other and made significant contributions to the development and critique of neoclassical economics. In our paper, we focus on the prominent contributions of Wicksell, Cassel, Hayek and Myrdal, but consider also others, such as Lutz, Neisser, Palander and Schneider. It might look far fetched to describe their interaction as a “Baltic exchange”, since (for example) Vienna is not part of that region. But history and geographical proximity made German the scientific language for Scandinavian academics in the 19th century, helping Swedish economists to spread their ideas widely on the Continent, before they made an impact in the English language area. Much of the interaction happened indeed close to the Baltic Sea. In the paper we discuss the German influence on Swedish economics that occurred mainly before the First World War, and the Swedish influence on German economics, mainly thereafter. We provide biographical, bibliographical and textual evidence for an exchange of ideas that has stimulated the development of economics far beyond the Baltic Sea.},
}
H. Trautwein, Hans Neisser’s Views on Money and Structural Change, and Modern ‘Quantity Theory’ ImplicationsPalgrave Macmillan.
@InCollection{,
author = {Trautwein, Hans-Michael},
title = {Hans Neisser’s Views on Money and Structural Change, and Modern ‘Quantity Theory’ Implications},
booktitle = {David Laidler's Contributions to Economics},
publisher = {Palgrave Macmillan},
year = {2010},
editor = {Leeson, Robert},
pages = {285-302},
abstract = {David Laidler’s Fabricating the Keynesian Revolution (1999) is an outstanding collection of studies of the interwar literature on money, the cycle, and unemployment. It provides a rich picture of various developments in macroeconomic thinking that preceded, anticipated, and criticized much of what came to be marketed as ‘the Keynesian Revolution’ — a paradigm shift that allegedly put those developments out of date. Roughly 120 economists and policymakers of that era figure in David’s histodrama, and Hans Neisser is not missing from the list.1 He is mentioned in a footnote on underconsumption theories (Laidler, 1999, 169, n. 16).},
}
H. Trautwein, European Macroeconomic Policy: A Return to Active Stabilization?Harvard University Press.
@InCollection{,
author = {Trautwein, Hans-Michael},
title = {European Macroeconomic Policy: A Return to Active Stabilization?},
booktitle = {The Return to Keynes},
publisher = {Harvard University Press},
year = {2010},
editor = {Bateman, Bradley W. and Hirai, Toshiaki and Marcuzzo, Maria Cristina},
pages = {51-72},
abstract = {Keynesian economics, which proposed that the government could use monetary and fiscal policy to help the economy avoid the extremes of recession and inflation, held sway for thirty years after World War II. However, it was discredited after the stagflation of the 1970s, which not only proved resistant to traditional Keynesian policies but was actually thought to be caused by them. By the 1990s, the anti-Keynesian counter-revolution seemed to reach its pinnacle with the award of several Nobel Prizes in economics to its architects at the University of Chicago. However, with the collapse of the dot-com boom in 2000 and the attacks of 9/11 a year later, the nature of macroeconomic policy debate took a turn. The collapse prompted a major shift in macroeconomic policy, as the Bush administration and other governments around the world began to resort to Keynesian measures—both monetary and fiscal policies—to stabilize the economy. The Keynesian rebirth has been most dramatically illustrated during the past year when central banks have pumped billions of dollars of liquidity into the world’s financial system to address the crises of confidence, illiquidity, and insolvency that were triggered by the sub-prime lending crisis. The Return to Keynes puts Keynesian economics in a fresh perspective in order to assess this surprising new era in economic policy making.},
url = {http://www.hup.harvard.edu/catalog.php?isbn=9780674035386&content=toc},
}
H. Trautwein und M. Boianovsky, "Schumpeter on unemployment" Journal of Evolutionary Economics, vol. 20, iss. 2.
doi: 10.1007/s00191-009-0154-8
@Article{,
author = {Trautwein, Hans-Michael and Boianovsky, Mauro},
title = {Schumpeter on unemployment},
journal = {Journal of Evolutionary Economics},
year = {2010},
volume = {20},
number = {2},
pages = {233-263},
abstract = {Joseph Alois Schumpeter’s approach to the phenomenon of unemployment differs strongly from the traditional classification with its strict distinctions between frictional, cyclical and structural unemployment. By relating these three categories to his theory of creative destruction, Schumpeter collapsed them all into one: technological unemployment. In our paper, we provide a systematic overview and discussion of Schumpeter’s varied writings on unemployment, from 1908 to 1954. We compare his view with the positions of some of his contemporaries, such as Wicksell, Hicks, Beveridge and Keynes. Finally, we discuss to what extent recent writers, such as Aghion, Howitt and Caballero, have integrated Schumpeter’s approach into modern macroeconomics.},
doi = {10.1007/s00191-009-0154-8},
url = {http://link.springer.com/article/10.1007/s00191-009-0154-8},
}
H. Trautwein, D. Ehnts, und O. Christiansen, "Industry Relocation, Linkages and Spillovers Across the Baltic Sea: Extending the Footloose Capital Model" Baltic Journal of Economics, vol. 10, iss. 1.
@Article{,
author = {Trautwein, Hans-Michael and Ehnts, Dirk and Christiansen, Ole},
title = {Industry Relocation, Linkages and Spillovers Across the Baltic Sea: Extending the Footloose Capital Model},
journal = {Baltic Journal of Economics},
year = {2010},
volume = {10},
number = {1},
pages = {61-78},
abstract = {Studying the recent relocation of manufacturing industries from the Nordic countries to the Baltic countries, this paper provides an empirical application of the footloose capital model, a framework for spatial analysis. The model is extended to include input-output linkages and FDI spillovers. It is calibrated and applied, industry by industry, to a 3x3 matrix of Baltic countries and Nordic countries and to the pairing of these blocs. Simulation results are com- pared with ‘real world’ data and discussed in regard to testability restrictions of the footloose capital model. Incorporation of vertical linkages and spillovers can improve the goodness of fit, but while the predicted direction of industry relocation is often correct, predicted levels are not.},
keywords = {new economic geography, footloose capital model, linkages, spillovers},
url = {http://biceps.org/assets/docs/bje/Industry_relocation_linkages.pdf},
}
H. Trautwein und Z. Abdallah, "Natural rates in the New Synthesis: same old trouble?" European Journal of Economics and Economic Policies, vol. 6.
@Article{,
author = {Trautwein, Hans-Michael and Zouache Abdallah},
title = {Natural rates in the New Synthesis: same old trouble?},
journal = {European Journal of Economics and Economic Policies},
year = {2009},
volume = {6},
pages = {207-225},
}
H. Trautwein, S. Hauptmeier, F. Heinemann, M. Kappler, M. Kraus, A. Schrimpf, und W. Qingwei, Projecting Potential Output - Methods and ProblemsZEW Economic Studies, Physica-Verlag Heidelberg.
@InCollection{,
author = {Trautwein, Hans-Michael and Hauptmeier, Sebastian and Heinemann, Friedrich and Kappler, Marcus and Kraus, Margit and Schrimpf, Andreas and Wang Qingwei},
title = {Projecting Potential Output - Methods and Problems},
booktitle = {Projecting Potential Output - Methods and Problems},
publisher = {ZEW Economic Studies, Physica-Verlag Heidelberg},
year = {2009},
number = {42},
abstract = {In spite of the widespread use of the concept of potential output in economic theory and empirical applications as well as in economic policy debates, the historical background and the assumptions inherent to this concept are rarely made transparent, let alone critically questioned. Against this background this book sets out to determine the extent to which the concept of potential output rests on clearly defined theoretical foundations and how far prevailing empirical quantification methods really provide reliable insights into potential output growth of an economy. In addition, the authors examine alternative methods for a forward-looking assessment of potential output growth.},
url = {http://www.springer.com/la/book/9783790821765},
}
H. Trautwein, Neoklassische Wurzeln wohlfahrtsstaatlichen Denkens: Das Schwedische ModellMetropolis.
@InCollection{,
author = {Trautwein, Hans-Michael},
title = {Neoklassische Wurzeln wohlfahrtsstaatlichen Denkens: Das Schwedische Modell},
booktitle = {Aus gesamtwirtschaftlicher Sicht. Festschrift für Jürgen Kromphardt},
publisher = {Metropolis},
year = {2008},
editor = {Hagemann, Harald and Horn, Gustav and Krupp, Hans-Juegen},
pages = {133-162},
abstract = {Aus gesamtwirtschaftlicher Sicht" - so heißt nicht ohne Grund diese Festschrift, die Schüler, Weggefährten und Kollegen Jürgen Kromphardt zu seinem 75. Geburtstag gewidmet haben. Das Opus von Jürgen Kromphardt kreist immer wieder um gesamtwirtschaftliche Fragen. Dies wird schon in seinen ersten Veröffentlichungen deutlich, die sich mit Problemen der Wachstumstheorie und der Zahlungsbilanz beschäftigten. So lautete etwa das Thema seiner Dissertation bei Erich Schneider: "Beiträge zur Theorie des Wachstums offener Volkswirtschaften". Ein zweijähriges Stipendium ermöglichte es ihm, die Schrift "Strukturwandel und Einkommensverteilung. Die Entwicklung in der Nachkriegszeit" zu verfassen, mit der er 1967 von der Universität Münster habilitiert wurde. Bereits 1968 erhielt Jürgen Kromphardt einen Ruf auf eine ordentliche Professur für Volkswirtschaftslehre an der Justus-Liebig-Universität in Gießen, wo er zwölf Jahre lehrte. 1980 wechselte er auf eine Professur für Volkswirtschaftslehre insbesondere Wirtschaftstheorie an der Technischen Universität Berlin. Makroökonomische Gedankengänge beherrschen immer noch auch seine jüngsten Arbeiten zur Phillips-Kurve und zur Lohnentwicklung im Aufschwung. Herausragend sind seine Lehrbücher zu Konjunktur, Wachstum, Inflation und Arbeitslosigkeit sowie zu den Grundlagen der Makroökonomie, die Standardwerke für makroökonomische Vorlesungen sind.},
url = {http://www.metropolis-verlag.de/Aus-gesamtwirtschaftlicher-Sicht/714/book.do},
}
