Arbeitspapier
Transfers, non-traded goods, and unemployment : an analysis of the Keynes-Ohlin debate
In the famous debate between Keynes and Ohlin on the transfer problem, the interaction between non-traded goods and unemployment complicates the analysis considerably. We analyze these issues using four different models to conclude that Keynes's concern regarding the large burden imposed on Germany was justified. Simultaneously, we show that Ohlin's presumption that a transfer does not affect the donor's terms-of-trade either favourably or unfavourably was also justified. Moreover, Ohlin was also right in asserting that a transfer tends to lower the price of non-traded goods for the donor and raise them for the recipient.
- Language
-
Englisch
- Bibliographic citation
-
Series: CESifo Working Paper ; No. 1588
- Classification
-
Wirtschaft
- Subject
-
Internationaler Transfer
Terms of Trade
Nicht-handelbares Gut
Arbeitslosigkeit
Theorie
Deutschland
- Event
-
Geistige Schöpfung
- (who)
-
Brakman, Steven
van Marrewijk, Charles
- Event
-
Veröffentlichung
- (who)
-
Center for Economic Studies and ifo Institute (CESifo)
- (where)
-
Munich
- (when)
-
2005
- Handle
- Last update
-
10.03.2025, 11:45 AM CET
Data provider
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Brakman, Steven
- van Marrewijk, Charles
- Center for Economic Studies and ifo Institute (CESifo)
Time of origin
- 2005
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