| Research Affiliations
NBER
Research Associate; CEPR Reseasrch
Fellow;
CES-ifo
Research Fellow. My Life Story
(in Comics) (link) My
Proffesional life Curriculum Vitae (word)(pdf)
, Bio (word,
pdf, hebrewdocx,
hebrewpdf) Comics (link)
Citation Ranking (RePec), Citations
(google
scholar,
SSCI cited research), (SSRN
abstracts, downloads). Amazon Books (link),
MIT Press Books (link)
Books (link)
|
| | |
Lea Nikel
Current
Research Theories of Finanacial
Crises (pdf)(ppt)
Creditor Protection and Stock Prices in the Presence
of Liquidity Crises:
Cross-country Evidence (pdf) Skill
composition of migrants and the welfare state (nber version pdf,
tex, tables)(tex,
pdf, tables)(blog,
doc) TAX Competition (presentation)
(galleys)(pdf,
tex, fig1,
fig2)(zip)(blog)
(presentation2) Political
Economy Dynamics of Migration and Fiscal Policy (pdf,
pdf, tex,
, presentation) Financial
Crises: Survey of Theories (pdf) (doc)
Global Crises: The 1980s, 1990s, and 2000s (pdf)
(doc) Review
of Theories of Finanacial crises (pdf,
doc) Asian
Crises (pdf) The
2008 crisis and its aftermath (pdf) Magnet
and Fiscal Burden Hypotheses (pptx,
pdf) FDI
vs FPI (summary, text) Composition
of Capital Flows: Survey (link) Equity
markets and credit crunches (pdf) Composition
of Equity Flows in the presence of Liquidity Shocks (pdf,
tex) Export
riskiness (comment) Currency
and Financial Crises of the 1990s and 2000s (word,
pdf) The
Efficiency-Liquidity Tradeoff: FPI vs FDI (pdf,
tex) Skill
Composition of Migrants and the Generosity of the Welfare State (pdf,
tex, tables)
Migration Blogs (link)
(link)
(vox, link)
(link vox) (link
Vox, doc)(audio,
transcript) Migration
and Welfare State: Dynamic Policy Formation (tex,
pdf) The Ageing
State and Welfare Migration (pdf)
MIGRATION AND THE WELFARE STATE: DYNAMIC
POLITICAL ECONOMY
THEORY (pdf)
(slide) Skill
composition of immigrants and the welfare state (zip)
Fiscal Competition and Migration (pdf-oct10)(
zip-july10) Composition of Capital Flows (pdf,
tex)(slides)
Dynamic Currency Regime Analysis (tex,
pdf) Immigration
into the welfare state (tex, pdf-jan09,
pdf-April09) (ppt
slides) (pdf slides)(ldc
tablesI, LDC
TABLES II) FPI vs FDI (pdf)(nberwp)(slides)(tex)(tex,
Tables) data (txt,
dta) Effect of migration
on the Welfare State ( tex, pdf,
cepr, NBER, presentation)
(STAGE1 XLS, HAUSMAN
TEST XLS) (sept09tex) Migration
and the Welfare State: Dynamic Political-economy Theory (March2010
tex)(March 2010 pdf),
(Sept2008.tex, September2008.pdf,
tex, overview presentation, pdf, oldtex,
oldpdf, slides2008,
slides, Figure 1, Figure 2) (slides)(tex,
pdf) Creditor
Protection and Asset Price Volatility (tex
, pdf)(HKIMR)
(2008presentation) Ageing
and Size of Redistributions: Role of Fiscal Leakages (tex)
Markovian Political Economy Tax Model (draft)
(slide) An Overlapping
Generations Model of A Welfare State (tex)
Stability-and-Growth Pact and Privatization of
Social Security: A Political-Economy Model (pdf
file)(tex file)(slide1,
slide2,tables) Welfare Migration
(word) Privatizing Social Security
(pdf) (tex)
(link)
(link)
Boon and Burden of Welfare Migration
(text) 
Jankel Adler Recent
Published Papers 
Shmulik Katz Recent
Published Papers Creditor Protection and Liquidity
Crises (vox, pdf)
The Great Depression vs. the 2007-9 Global Crisis (pdf)
(word) (slides)
FPI vs FDI (pdf)(nberwp)(tex)(tables:word,
pdf) Liquidity Crises and the Composition of Capital
Exports (tex, pdf,
Slides: pdf, tex))
Liquidity Crises, Transparency, and the Composition of
Equity Exports (pdf, slides)
Tax and Productivity as Drivers of FDI (link,
pdf) Flattenning
of the Phillips Curve and Monetary Policy (presentation)(word,
pdf) (numerical simulations)
Bilateral FDI Flows and Productivity
(tex) (tables)(text
pdf) Corporate
Taxes and FDI (tex) (pdf)
(slide)(Europe)
(Tables) (tax
competition) Globalization and Disinflation (IsER
text) (presentation, slide)
Fixed Costs and FDI (pdf)
(slide) (tex)
FDI/FPI Ratio and Liquidity (pdf,
tables, tex)
(pdf) (Word)(slide)(presentation1)
(presentation2) The
Political Economy of Capital Tax with Aging Population
(Tex
File), (PDF file),
(Slide)(welfare
state) Competition
between Tax Authorities (pdf)
Which Countries Export FDI, and How Much: Rich-Rich and Rich-Poor Flows
(pdf) (tex)
(Tables&Figures: pdf, exl)
(Slide1) (slide2)
(slide3) International
tax competition (pdf) (tex)
Volatility of Capital Flows: FDI vs. FPI,
text, slides
Corporate Transparecy, Cream Skimming and FDI (tex)
(pdf) (table)
(Tex
File, fig),
(PDF file), (Transparency)
The Wage Gap and Labor Tax: A political Economy Model
(Tex
File), (PDF
file) Aggregate Supply and Potential Output
(JMCB) (word)(slides)
The Size of the Welfare State: Lobbying, and Majority-VotingChannels
(pdfnew)(pdfold)
(European Migration)(slides)
Interactions between Migration and the Welfare State (cesifo
version)(pdf), earlier version (tex)
(pdf) The
Aging of the Population and the Size of Welfare State: (JPE)
(link)
(PDF file) (Slide)
(IMF file)
Tax Burden and International Migration: Political-Economy Theory
and Evidence (JpubE)
cover&tables,text,
figure The
"New Keynesian" Phillips Curve: Closed Economy vs. Open Economy (PDF
file)(empirics)
(slide)
(extension)
A Brazilian Type Credit-Rating Crunch Model (word,
fig) Terms
of Trade and Investment Instability
(pdf
file), Figures: 1,
2,3, 4,
(NBER wp)
Reversals of Capital Flow
(text)
Yochanan Simon Endogenous Growth Alfred
Marshall (Principles of Economics (1890)): "There are I believe
in the world few things with greater capability of poetry in it that the multiplication
table... If you can get mental and moral capital to grow at some rate per anuum
there is no limit to the advance that may be made; if you can give it the vital
force which will make the multiplication table applicable to it, it becomes a
little seed that will grow up to a tree of boundless size." 1.
Human Capital Accumulation and Endogenous Growth (Razin, Metroeconomica
1972) 2. Human Capital Accumulation and Technological
Change (Razin, Review of Economic Studies 1973)
3. Intergenerational Model of Population Growth (Razin
and Ben-zion, American Economic Review 1975 (link)
4. Mystery of Growth (Book
review, 2006, Helpman's Book Download (link))
North-Holland
Published Articles
NBER Working
Papers (Write: Razin)
Meir Lazar
| |
FDI contribution to capital flows and investment in capacity (EASE13,HKIMR)
Demography Issues (pdf)
Oil Shock
(word) Global Disconnect--Physical and Informational
Distance (pdf) Average
vs Marginal Taxation
(pdf) |
The Israeli Economy Israel
Economic Quarterly (link
to video) Pension Reform (doc) Israel Medical Doctors Wages
(report, appendix) | International
Tax Equivalencies - Exposition International
Trade and International Migration Milton Friedman (hebrew)
Mount Tabor
Newspaper Articles
Israel's Middle Class Awakening (globes1,
Globes2 ) Currency Wars and BOI October 2010 (pdf,
mht) Treasury Secretary circa 2009 (Haaretz)
The Kibbutz Pension Crisis (calcalist)
Brain Drain (html)
A Tax on Returning Israelies Finance
Minister,more, The
Spring 2003 Economic Program An
Economic Road Map The longest
recession Privatizing a Kibbutz(word,
stockmarket, article)
(quasi-social security)
Privatized
Medical Service BUDGET AND PENSION
REFORMS (Doc)
New Bank-of-Israel Law (doc)
Bank of Israel
and Accountants behind a "Nominal Reform",link
New Law About Consumer
Creditworthiness Information, link
Globalization
and the Arab Sector Emerging Palestinian economy?
(word, new book,
WB Report, a 2004 book) |
Leo
Roth Ofer Razin 1.
Economics of Globalization: Policy Perspectives From Public Economics, (1999)
, Publisher's
Release Assaf Razin And Efraim Sadka (eds)) - Cambridge
University Press, with
a special chapter from Ofer Razin's PH.D dissertation: Real
Exchange-Rate Misalignments and Growth, by Ofair Razin and Susan M. Collins
2. Ofer Razin Hall In Tel
Aviv University, 3.
Georgetown University Lecture series The
2003 Lecture, 1, 2,
3, 4, 5 page
12 The
2007 Award Ceremony 
Videos Ronny
Razin ((media interview)(short
movie) Explaining
Economics in Actout (Mime) (
Hebrew )
Fabricated Ancient Chinese Artifact?
|
I. UNDERGRADUATE
OPEN-ECONOMY MACROECONOMICS
syllabus,
International Indicators (bop,
ER, etc)
Introduction, Krugman-Obstfeld-ch12,
Krugman-Obstfeld-ch13
Balance-of-Payments
Accounting (ppt)
1.Flexible Exchange
Rate: Exogenous Output, Krugman-Obstfeld-ch14
2.Flexible Exchange
Rate: Endogenous Output, Krugman-Obstfeld--ch15Krugman-Obstfeld
Ch 15Krugman-Obstfeld Ch 15, krugmanobstfeldch16.pp,
3.Fixed
Exchange Rate,krugmanobstfeldch17.pp
, Impossible Trinity
4.Flexible
vs Fixed Exchange Rate Systems, Krugman-Obstfeld-ch19
The Great Recession (Krugman)
Eurocrisis (pdf) Optimum Currency Area
(KO Ch 20) KR
ch 22
5. International
Debt Crisis:a,
b, c, d
6. Balance of Payments
Dynamics 7. Intertemporal International Economics (Uribe)
7. Why the Dollar Falls: An Intertemporal
Adjustment (word) 7.
Optimum Currency Areas, Krugman-Obstfeld-ch20
8. Financial Crises, Krugman-Obstfeld-ch22
Homework1, Homework2,
Homework 3,
9. The International Monetary System
10. Optimum Currency Areas 11.
Developing Countries: Crises and Reforms
12. The Global Capital Markets
, International capital market (Krugman-Obstfeld
Ch 21 ) (The US Deficit)
II. UNDERGRADUATE
INTERNATIONAL TRADE syllabus,
Introduction-Krugman-Obstfeld-ch1
1.The Ricardian Model
with Two Goods,Krugman-Obstfeld-ch2
2. The Ricardian Model
with a Continuum of Goods:a,
b,
3.Specific Factors and Income Distribution, Krugman-obstfeld-ch3
3.Relative
Supply of Factors and Comparative Advantage,a,
b , c,
Krugman-obstfeld-ch4
4.Economies
of Scale and International Trade,a,
b
, Krugman-obstfeld-ch6
5.International
Trade Policy, a,
b, Krugman-Obstfeld-ch8
6. Optimum tariff ,
Krugman-Obstfeld-ch9 ,
Krugman-Obstfeld-ch10
Krugman-Obstfeld-ch11 7.
International Debt Crisis:a,
b, c, Globalization
(word) Doha
Trade Round (Doha Trade Round) (Farm
Subsidies)
(Boeing vs Airbus,
Airbus vs Boeing)
Homework1,Homework2,
Homework3,Homework4,Homework5
Homework
6 7. International
Factor Movements 8.Trade Policies: Developing
Countries
video | | |
| | |
|
| |
|
Menashe
Kadishman II.
A Graduate Course in International Trade
and Foreign Investment Syllabus
i. International
Trade
1. Introduction
(ppt)
2. Intra-industry Heterogeneity with Fixed Costs of Exporting: The Melitz Model
(2003) (notes)
3. Intra-industry
Heterogeneity and Bertrand Competition: Bernard,
Eaton, Jensen, and Kortum
(2003),
a. The Eaton-Kortum Model (notes1,
notes2)
b. Sources of Comparative Advantage
(notes, slides)
Trade (text),
c. The Alvarez-Lucas Calibration
(notes)
4. Gene M. Grossman and Esteban Rossi-Hansberg
Outsourcing Model (notes)
5. complementarity between trade in goods and trade in assets (ppt) ii.
Foreign Direct Investment
1. Liquidity
Crunch and FDI (notes)
2. Heckman Econometrics
in the Razin-Sadka FDI Book(text)
(notes)
3. Tax and Productivity as Drivers of
FDI (notes, powerpoint,
pdf)
4. Tax Competition
and FDI (Notes, slides)
5. Fire Sale FDI (slides) 6.
FDI vs. Domestic Direct Investment (doc) iii.
Dynamics of Capital Flows
1.
Introduction
a. Complete vs. Incomplete Capital Markets (Helpman
and Razin Ch 3)
b. Dynamic model of Trade in Goods and Assets (Helpman
and Razin Ch 11)
2. New Models of
Capital Flows
a. The Pavlova and Rigobon Model
(paper, slides)
b. Devereux
and Southerland Model (notes, slides)
c. The Tille and van Wincoop Model (paper, slides)
d. The Caballero and Krishnamurty Micotrade Model: Flight for Quality Model (notes,
slides) e.
Trade and Financial Frictions (Antras
and Caballero) III.
The 1990s Graduate Course in International Trade
1.Gains
from Trade 2.Factor
Proportions and the Structure of Trade (ppt)
3.Complete
and Incomplete Capital Markets
4.Dynamics
of International Trade
5.Lobbying
and Tariffs
6.Trade
in Capital Goods
7.International
Migration
8.Balance
Sheets Effects and the Real Exchange Rate
9.Home-Bias
Portfolio and the Saving-Investment Correlations 10.
The Eaton-Kortum Model (pdf) (word),
Sources of Comparative Advantage (slides,
text) Trade (pdf)
11. The Alvarez-Lucas Calibration
(doc) 12.
Pol Antras Lecture Notes 13.
Gene M. Grossman and
Esteban Rossi-Hansberg notes (outsourcing,
slides) 14.
Yankun Wang (ppt)
| | | |
Alber Albaz--Happy New Year Tel
Aviv University Department of Economics
Tel Aviv University
Tel Aviv 69978
ISRAEL
Office
Telephone: 972-3-640-7303
Fax: 972-3-642-8074 or 972-3-640-9908 (O)
972-3-641-4475 (H)
efax: 001(603) 388-4806. e-mail: razin@post.tau.ac.il
Home Page: http://www.tau.ac.il/~razin
Michael Gitlin
Recent
Books 
Amos KeynanA Lifetime Story in Comics (link)The
Book is the first in a new illustrated series chronicling the events in the life
of Assaf Razin. The stroy is one of extremes. We follow Assaf rom the Kibutz to
the city, from Israel to different parts of the world, from his childhood in the
nursery bed of socialism to the Economics department in Chicago university, the
cradle of capitilism. Our hero persues a stelar carreer and personal acheivements
while withstanding dramatic personal events. This is a first illustrated book
by the authors, Iddo, Neeve and Ronny Razin, all residents of Tufnel Park, North
London. The authors have spent the last years researching the subject matter and
some of their findings, including pictures and personal statements by witnesses
are included in this special addition.1. NEW!
Migration and the Welfare State
Political-Economy
Policy Formation
by
Assaf Razin Efraim Sadka and Benjarung
Suwankiri
Cloth / September 2011, MIT Press
“This
book provides an excellent overview and a penetrating analysis of migration in
the global economy. Not only do the authors examine the economic, demographic
and fiscal forces that influence migration flows, but they also study how political
considerations shape migration policies and migration patterns. The book is indispensible
for anyone interested in the current debates on immigration.”
—Jess
Benhabib, Paulette Goddard Professor of Political Economy and Professor of Economics,
New York University
2. Foreign
Direct Investment: Analysis of Aggregate Flows
(Princeton
University Press, 2007) (tex,
pdf), Figures and Tables (All
Chapters, Ch 10) (insert
to ch 2, new chapter, new chapter
in tex) Book Reviews ( book review1,
book review2), Follow Ups (link,
pdf) link  
Erik
Brauer Book Reviews:
K.P. Kimbrough, Foreign
Direct Investment: Analysis of Aggregate Flows by Assaf Razin and Efraim Sadka.
International Review of Economics and Finance 2009.
http://www.arts.cornell.edu/econ/arazin/kimbroughFDIBOOKreview.pdf Kathrin
Russ, The New Theory of Foreign Direct Investment
(Review of Multinational Firms and the Theory of International Trade by Jim Markusen
and Foreign Direct Investment: A Theory of Aggregate Flows by Assaf Razin and
Efraim Sadka, for the journal International Finance, 2009 Laura Alfaro,
Review of Foreign Direct Investment: Analysis of Aggregate Flows, Journal of Economic
Literature, March 2009, text.
3.
Economic
Policy in the International Economy: Essays in Honor of Assaf Razin
Edited by Elhanan Helpman, Efraim Sadka
(Cambridge University Press, 2002)Part I. Financial Issues
in Open Economies: Theory: 1. Crises: the next generation? Paul Krugman;(link)
2. Solutions to the ‘devaluation bias’: some preventive measures to defend fixed
exchange rates against self-fulfilling attacks Chi-Wa Yuen; 3. Growth enhancing
effects of bailout guarantees Aaron Tornell; 4. Risk and exchange rates Maurice
Obstfeld and Kenneth S. Rogoff; Part II. Financial Issues in Open Economies: Empirics:
5. Economic integration, industrial specialization, and the asymmetry of macroeconomic
fluctuations Sebnem Kalemli-Ozcan, Bent E. Sorenson and Oved Yosha; 6. Uncovered
interest parity in crisis: the interest rate defense in the 1990s Robert P. Flood
and Andrew K. Rose; 7. When does capital account liberalization help more than
it hurts? Carlos Arteta, Barry Eichengreen and Charles Wyplosz; 8. Sources of
inflation in developing countries Prakash Loungani and Phillip Swagel; Part III.
Economic Growth: Theory and Empirics: 9. Growth effects and the cost of business
cycles Gadi Barlevy; 10. Explaining economic growth Yair Mundlak; Part IV. Public
Economies: 11. Simulating fundamental tax reform in the United States David Altig,
Alan J. Auerbach, Laurence J. Kotlikoff, Kent A. Smetters and Jan Walliser; 12.
The international macroeconomics of taxation and the case against European tax
harmonization Enrique G. Mendoza; 13. Home bias in portfolios and taxation of
asset income Roger H. Gordon and Vitor Gaspar; 14. Social dumping in the transformation
process; Part V. Political Economy: 15. Do political institutions shape economic
policy? Torsten Persson.   Jacob
Wexler
The Conference (IMF Survey, April
16, 2001, page 129)
4.
The Decline of The Welfare State: Demography and Globalization--
MIT Press 2004 (Topics)
Cover jacket
(pdf),
(charts1, charts2),
(tex) (New overview:pdf,
tex) (New references: pdf,
tex) (slide)
Ch 8 (pdf, tex)
 
DavidSchneuer
(Hebrew Slide,
English Slide) Book Download
(link)
Book Reviews:
Ortega F ECONOMICS OF TRANSITION 14 (2): 413-415
2006
Kimbrough K JOURNAL OF ECONOMIC LITERATURE 44 (1): 184-186 MAR 2006
Beltrametti L JOURNAL OF ECONOMICS 87 (2): 195-197 MAR 2006
Hicks, Alex, Governance,
An International Journal of Policy and Administration, Vol 20, Issue 2, pp. 359-71,
2007
Nicole Wolfe, Journal of World System Research, Vol 12, Num 2 ( December
2006)
Catia Montanga Economica, Volume 74, Issue 296, Novemember 2007
5. Social Security
Reform : Financial and Political Issues in International Perspective
by Robin
Brooks (Editor), Assaf
Razin (Editor)
Cambridge University Press 2006 
George Zernitzky (introduction)
(Table of Contents)
Book Reviews:
SHAUN L. YOW, Journal of Pension Economics
6:01, 2007. http://journals.cambridge.org/download.php?file=%2FPEF%2FPEF6_01%2FS1474747206282842a.pdf&code=262592bf0459172aff41ae708a1ef5e1
6. Labor,
Capital and Finance: International Flows
by
Assaf Razin and Efraim Sadka Cambridge
University Press 2002 
Book download (link)
Book Reviews:
Wright MLJ JOURNAL OF ECONOMIC LITERATURE
42 (2): 524-525 JUN 2004 (text)
Lane P WORLD ECONOMY 25 (10): 1525-1525 NOV 2002 (Word
File) Publisher's
release ,JEL, Amazon.com
Introduction
Preface
Table of Contents
Chapter 1,
(Figures:1,2)
Chapter 6
Chapter 7,
(Figures:,1,2)
text
Reuven
Rubin 20th Century BOOKS
1. THE FULL TEXT OF THE 1978 OUT-OF-PRINT
BOOK:
A Theory of International Trade Under Uncertainty Academic
Press 1978 by Elhanan
Helpman and Assaf Razin Chapter
1: Introduction (pdf) Chapter
2: Elements of the Deterministic Theory of International Trade (pdf) Chapter
3: Elements of the Theory of Decision Making Under Uncertainty (pdf) Chapter
4: A Critical Survey of the Literature (pdf) Chapter
5: A Stock Market Economy (pdf) Chapter
6: A Diagrammatic Exposition of the Stock Market Equilibrium and The Balance of
Payments (pdf) Chapter 7:
The Basic Propositions of International Trade Revised (pdf) Chapter
8: Commercial Policy (pdf) Chapter
9: Gains from Trade (pdf) Chapter
10: Efficient Intervention in Financial Markets (pdf) Chapter
11: The International Stock Market "Tree" Model (pdf) Appendices,
References, and Index (pdf) Book
Reviews:
NEARY JP ECONOMICA 48 (189): 101-102 1981
POMERY
J JOURNAL OF POLITICAL ECONOMY 88 (5): 1061-1064 1980
COES DV JOURNAL OF INTERNATIONAL
ECONOMICS 10 (3): 445-448 1980
ANDERSON JE JOURNAL OF ECONOMIC LITERATURE
18 (1): 148-149 1980
HITIRIS T ECONOMIC JOURNAL 90 (357): 185-187 1980
Yosl Bergner 2.
A Graduate International Economics Textbook Fiscal
Policies and Growth in the World Economy (MIT Press, 1996),
by Jacob Frenkel and Assaf Razin, with the cooperation of Chi-Wa Yuen.
[First Edition, 1986; Second Edition,
1993, Third Edition, 1996. Preface,
Contents,
The Mundell-Fleming Model:
Chapter
4, text
The Dynamics of the Current Account:
Chapter7,
text.
Growth in the Global Economy:
Chapter
12, Chapter 13, Chapter
14, Chapter 15
Book download
(link)
Book Reviews: first edition (1987)
Anon
JOURNAL OF MACROECONOMICS 19 (3): 630-630 SUM 1997
BRUCE N JOURNAL OF ECONOMIC
LITERATURE 27 (4): 1704-1705 DEC 1989
MCCOY JPANNALS OF THE AMERICAN ACADEMY
OF POLITICAL AND SOCIAL SCIENCE 504: 168-169 JUL 1989
LEHMENT H WELTWIRTSCHAFTLICHES
ARCHIV-REVIEW OF WORLD ECONOMICS 125 (2): 416-417 1989
FLOYD JE JOURNAL OF
INTERNATIONAL ECONOMICS 26 (3-4): 392-394 MAY 1989
Second Edition (1992):
WRENLEWIS S WORLD ECONOMY 17 (5): 782-782 SEP 1994
3.
Population Economics
(MIT Press), with Efraim Sadka
Book download
(link)
Book
Reviews:
Wildasin DE ECONOMIC DEVELOPMENT AND CULTURAL CHANGE
45 (4): 932-938 JUL 1997
Blanchet D JOURNAL OF ECONOMICS-ZEITSCHRIFT FUR NATIONALOKONOMIE
64 (2): 221-223 1996
Jackson WA ECONOMIC JOURNAL 106 (439): 1812-1813 NOV
1996
4.
International
Taxation in an Integrated World
(MIT Press), with Jacob Frenkel and Efraim Sadka
text
Book
download (link)
5.
Current-Account Sustainability
by Gian Maria Milesi-Ferretti and Assaf Razin
(Princeton Studies in
International Finance, No 81) Paperback (November 1996)
Princeton University,
International Finance; ISBN: 0881652539
Text
Earlier Literature: Understanding Interdependence: The Macroeconomics
of the Open Economy, ed.)PB Kenen (ed.) 1995 , my Paper on the intertemporal approach
to the current account)(book
dowload link)
Later Literature: a. Currency Crises
PR Krugman (ed.) 2000, Book download
(link)
6.
The Economy of Modern Israel
(University
of Chicago Press), with Efraim Sadka
text
EDITED BOOKS 1. Taxation
in the Global Economy (National Bureau of Economic Research Project Report)
by Joel Slemrod (Editor), Assaf Razin (Editor) ( Paperback -
February 1, 1992)
2. Capital
Mobility : The Impact on Consumption, Investment and Growth
by Leonardo Leiderman (Editor), Assaf Razin (Editor) ( Cambridge University Press,
1994) 3. International
Trade and Trade Policy
by Elhanan Helpman (Editor), Assaf Razin
(Editor) ( MIT Press, 1991) Book download (link) 4.
Social Security Reform, Edited by Robin Brooks and Assaf Razin, CUP 2005 Preface,
Table of contents, Introduction,
authors 5.
International Finance and Financial Crises : Essays in Honor of Robert P. Flood,
Jr, Edited by Peter Isard, Assaf Razin, and Andy Rose , Kluwer
Academic Publishers (2000) 6.
Optimum Currency Areas: New Analytical and Policy Developments , Edited
by Mario Blejer, Leonardo Leiderman and Assaf Razin, IMF, 1997;
A pre-Nobel Award Festschrift for Robert Mundell's
"optimum currency area" paper Book download (link)
7. Taxation in the Global Economy Joel Slemrod and Assaf Razin
University of Chicago Press 1990 Book Download (link)
My
MIT Press Books (link)
I. A
Graduate Course in International Macroeconomics
Syllabus (doc)
Overview (ppt) (i)
Neo-Classical Open-economy Macroeconomics
1. Inflation Inflation
and Money Growth, seigniorage,
2 Exchange Rate Flexible
Exchange Rate, 3.
Current Account Dynamics (a)
Consumption-Smoothing current account balance Dynamics (PPT)
(b) Dynamics
of Savings in a small open economy, (c)
Current Account
Stochastic Dynamics, (d)
country portfolios (pdf)
(solving for country portfolios)
(e) Portfolio
View (f) Exchange Rate Dynamics (slides)
(g) Exchange Rate Forecasting (slides) (f)
Capital Flows (slides)
(ii) International Financial Crises Theories
of Finanacial Crises (ppt) 1.
First-Generation Currency Crises Models Fixed
Exchange Rate under Interest Parity, first-generation crisis
2. First-Generation Crises Models
Fixed
Exchange Rate Without Interest Parity,
3. Second-Generation Crises Models Unique
equilibrium? Game Theory, Morris
and Shin, Banking/Debt Crises (ppt), notes:
1, 2, 3, 4,
6, 7, 8
4. Third-Generation Crises Models The
balance-sheet effect in financial crisis, balance
shhet effect in a closed economy (book
review) Financial Fragility (doc)
Bank
Runs (ppt) (welfare
levels) (intro)
Bank Bailouts (slidespdf)(text)
(Presentation) Leverage bubbles
and crashes (pdf) (doc) 5.
Evaluation of Exchange Rate Regimes (Econ
Policy, currency pegs 2007)(pdf)
(word) (Non
linearity table) (presentation
China) (Box 1: tex,
pdf) (Box 2: tex,
pdf) (Figure)
(Revised Tables and Figures)
(tex)(pdf)
(slide1) (slide2) (Figures
and Tables) Exchange-Rate Regimes (pdf)
6. Informational Cascades and Rational Bubbles
(link, Housing
Bubble)
7. Capital flows and crises (slides)
8. Bank Runs and Capital Flows
Diamond and Dybvig welfare
levels Sovereign debt and Financial Development (pdf) Caballero-Krishnamurty:
Flight for Quality (link, Burnside
slides) Bank
Runs, Capital Flow
Reversals, Credit-Rating Crunches
(Figure) Slides
(pdf, tex)
Allen and Gale (slides) 9.
A Stylized Example of Time Inconsistency Inflation
bias
(iii) The Traditional Model 1.
Mundell-Fleming Macroeconomics:
The
Mundell-Fleming Model
(iv)
New-Keynesian Macroeconomics DSGE Models
(link)
The Flexible Price Benchmark
Aggregate
Supply Under Price Rigidity Equilibrium
under Flexible and Rigid Prices Utility-based
loss function (Preliminaries)
Open Economy slide Krugman
on liquidity trap (debt overhang) Inflation-output
dynamics under a Liquidity Trap (diagram)
Liquidity trap The
Liquidity Trap and Expectations, more Fiscal
Policy under liquidity trap Analytics
of the goverment spending multiplier Credit
Spreads and Monetary Policy open
economy new keynesian model (slides)
Liquidity
trapped new keynesian model Geneal Equilibrium and Interest Rule (doc)
Financial Frictions (pdf) Loglinearization
Naive vs Quadratic LQoptimazation (doc)
Linear Quadratic Approximation (pdf)
Homeworks: 1, 2, 3
globalization and inflation (Slides,
pdf, word) Jordi Gali's
notes(1, 2, 3,
4, 5,
6, 7 ) 3.
Output-Inflation Tradeoffs in the Open Economy: Phillips
Curve (V) Credit frictions and
Moral Hazard (pdf) (VI)
International Capital Flows 1. Composition of Capital Flows (tex)
2.
Heckman Econometrics in FDI Book(pdf)
(Probit and GMM) 3.
Open Economy , Pass Through from Exchange Rates
to Prices (ppt)
4. Bank Runs (pdf)
5. Devereux-Sutherland Capital flows model (slides)
6. Home Bias in Goods and Assets (slides):
bonds matter (pdf, ppt) 7.
country spreads (slides)
(VI) Special Topics
1.
International Economics Puzzles--the Obstfeld and Rogoff Approach
(slide)
(text)
2. Macroeconomic Moral Hazard (tex)
3.. Economic
Growth in the Open Economy
4. Trade
shares and international portfolio shares (link)
Homeworks:
Tel Aviv 2005: 1,
2, 3,
4 4. Time-Varying Risk, Interest
Rates, and Exchange Rates
in General Equilibrium (pdf)
(VII) Homework
Basics:
1, 2,
3; New
Keynesian Macro: Homeworks: 1,
2, 3, Homework 4 (word),
Homework 5 (word),
Homework 6 (word),
Homework 7 (word). Miscellaneus
Notes 1. Var Models (pptx)
2. Diagramatical Exposition (pdf)
3. Instrumental Variables (ppt)
Naftali Bezem
Pictures
Around The World Stanford
2001 WebPage
Pincas
Litvinovsky My Family
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