Hauptspalte
Prof. Dr. Th. Steger
University of Leipzig
Institute for Theoretical Economics
Macroeconomics
Grimmaische Straße 12
D-04109 Leipzig
Phone: ++49-(0) 341-9733541
Fax: ++49-(0) 341-9733549
Room: I207
Office hours: on appointment
Selected Publications
Grossmann, V., T.M. Steger, and T. Trimborn, Dynamically Optimal R&D Subsidization, Journal of Economic Dynamics and Control, forthcoming.
Bretschger, L. and T.M. Steger, Globalization, the Volatility of Intermediate Goods Prices, and Economic Growth, Macroeconomic Dynamics, forthcoming.
Groth, C., K.-J. Koch, and T.M. Steger, When economic growth is less than exponential, Economic Theory, 2010, Vol. 44 (2), 213–242.
Schularick, M. and T.M. Steger, Financial Integration, Investment, and Economic Growth: Evidence From Two Eras of Financial Globalization, Review of Economics and Statistics, 2010, Vol. 92 (4), 756–768.
Grossmann, V. and T.M. Steger, Anti-Competitive Conduct, In-House R&D, and Growth, European Economic Review, 2008, Vol. 52 (6), 987-1008.
Trimborn, T., K.-J. Koch and T.M. Steger, Multi-Dimensional Transitional Dynamics: A Simple Numerical Procedure, Macroeconomic Dynamics, 2008, Vol. 12 (3), 301–319. program codes...
Steger, T.M., Flexibility, Sectoral Hysteresis, and Downturns, Macroeconomic Dynamics, 2007, Vol. 11 (1), 128-148.
Steger, T.M., Stochastic Growth under Wiener and Poisson Uncertainty, Economics Letters, 2005, Vol. 86 (3), 311-316. appendix...
Steger, T.M., Welfare Implications of Non-Scale R&D-based Growth Models, Scandinavian Journal of Economics, 2005, Vol. 107 (4), 737-757.
Steger, T.M., Productive Consumption, the Intertemporal Consumption Trade-Off and Growth, Journal of Economic Dynamics and Control, 2002, Vol. 26 (6), 1053-1068.
Steger, T.M., Economic Growth with Subsistence Consumption, Journal of Development Economics, 2000, Vol. 62 (2), 343-361.
Working Papers
NEW: Grossmann, V. and T.M. Steger, Optimal Growth Policy: the Role of Skill Heterogeneity, Working Paper, March 2012.
NEW: Schäfer, A. and T.M. Steger, Journey into the Unknown? Economic Consequences of Factor Market Integration under Increasing Returns to Scale, CESifo Working Paper, No. 3676, April 2012.
NEW: Grossmann, V., T.M. Steger, and T. Trimborn, The Macroeconomics of TANSTAAFL, CESifo Working Paper, No. 3651, April 2012.
NEW: Grossmann, V., T.M. Steger, and T. Trimborn, Quantifying Optimal Growth Policy, CESifo Working Paper, No. 3092, February, 2012.
Schäfer, A. and T.M. Steger, History, Expectations, and Public Policy: Economic Development in Eastern Germany, CESifo Working Paper, No. 3184, September 2010.
Schularick, M. and T.M. Steger, The Lucas Paradox and the Quality of Institutions: Then and Now, Free University Berlin, Working Paper 08/03, February, 2008.
Grossmann, V. and T.M. Steger, Growth, Development, and Technological Change, in Encyclopedia of Life Support Systems (EOLSS), Mathematical Models in Economics, Developed under the Auspices of the UNESCO, Eolss Publishers, Oxford , UK, 2007 [http://www.eolss.net].
Schäfer, A. and T.M. Steger, Macroeconomic Consequences of Distributional Conflicts, CESifo Working Paper, No. 2007, May 2007.
Fields of Research
Growth, Development, and Technological Change. Technological progress is one of the major engines of growth in industrialized economies. Trying to better understand its causes and consequences therefore is an important task. The focus is on endogenous technological change within a dynamic general equilibrium context. The economic and institutional determinants of technological change as well as its welfare and resulting policy implications are highlighted.
Quantitative Dynamic Macroeconomics. Dynamic general equilibrium models represent an important tool for investigating macroeconomic processes. Developing and applying procedures and concepts for quantitative dynamic macroeconomic analysis is the major task within this field. This enables us to evaluate the consequences of major development trends (e.g., declining fertility or rising energy prices) on central macroeconomic variables (e.g., growth rate of per capita income, sectoral structure). Likewise, the medium and long term consequences of specific real-world policy measures are a central topic.
Open Economy Macroeconomics. International economic interactions (such as goods trade, capital mobility, and migration) are crucial for macroeconomic development in a globalized world. This research field is devoted to a better understanding of the interplay between economic integration and economic development. Special attention is devoted to critical side conditions (such as institutional quality), which are likely to have a strong impact on the welfare effects of economic integration.
