
Avivit Ballas- Baranes
Vitae and Bio
family biography(hebrew) (pictures) ( Personal Gallery)
Uncovering the mystery of Assaf: The movie --- video (link)
Assaf Razin at 60 (link)
Assaf Razin at 80 (link)
Assaf Razin and Friends (images)
Guru of Globalization (link)
#
Sun rising in the West (link, link1, link 2)
Personal history (link)
Short vita (short cv, pdf), Detailed Curriculum Vitae (word,
pdf) , Bio (English Bio word,English bio pdf, Bio Hebrew (word,Pdf);
Citations (google
scholar),
(SSRN
abstracts, downloads). Amazon Books (link),
MIT Press Books (link)
Books (link)
|
| |
# Lea Nikel
Research Blogs (link),
VOX--CEPR Policy Portal (link), Israeli Press (link), Citations (link)
Lea
Nikel
Haim Kiewe
Uri Lifshitz
My early work on Endogenous Growth of output and population
HISTORY of the Theory of Economic Growth in the Making
1. Human Capital Accumulation and Endogenous Growth (Razin, Metroeconomica
1972)
Content for New section Tag Goes Here
2. Human Capital Accumulation and Technological
Change (Razin,link,
Review of Economic Studies 1973)
3. Intergenerational Model of Population Growth (Razin and Ben-zion, American
Economic Review 1975 (link)
4. Education and Growth (link)
5. Mystery of Growth (Book
review, 2006, Helpman's Book Download (link,
about the author))
Population Economics
by Assaf Razin, Efraim Sadka
Naftali Bezem
Game Theory Graphic Book Featuring my son Ronny Razin (link)
Meir Lazar
Overviews
International Tax Reforms (Cepr Vox)
Shahaf Kantor
Commercial Policy, Employed to Curb Trade Imbalances: Revisiting Decades-Old Literature (Blog)
Theory of financial Crises (blog)
Euro: Merits and Pitfalls {ppt)
(pdff)
(podcast)
Import Tariff and Trade Balance (vox lacea)
Political Economy of Migration-Dynamics (Vox Cepr)
Tax Competition and Tax Coordination (Vox Cepr)
Free vs Controled Immigration_ EU Data (Vox Cepr)
Israel's Immigration Story (Vox Cepr)
Theories of Financial Crisis (Vox Cepr)
Migration and the Welfare State: US vs EU (Vox Cepr)
Ageing and Welfare Migration (Vox Cepr)
Creditor Protection and Crises (Vox Cepr)
Capital Income Refom Committee Report (Hebrew)
Review of
Theories of Financial Crises (pdf)
(word) (slides)
Migration
and the Welfare State: Dynamic Political-economy
Theory (tex,
pdf)
Migration
and the welfare state: Agenda for Research(text,
references , abstract)
Wages in the Health Sector in Israel (pdf)
Israel Higher Education (IsER)
Monetary Policy and Potential Output (word)
Fiscal Policy (cesifo)
Cuurent
Account Sustainability (link)
Globalization and Disinflation (link)
|
|
Israel Medical Doctors Wages (report,
appendix)
Pincas
Litvinovsky
| International
Tax Equivalencies - Exposition International
Trade and International Migration Milton Friedman (hebrew)
An Old Tree
in Mount Tabor Rivoon L'Calcala--historical
view (link1,
link 2) Welfare
state economics (hebrew slide 1,
hebrew slide 2) Newspaper
Articles Calcalist (link)
globes (link)
Politization of Education (link)
Tax Policy Turnaround (docx)
Defense Budget (link)
Israeli awakening (docx,
pdf) (link)(1,
2, 3) (1990)
Selection from The Marker (link)
Two Macroeconomics Camps (Calcalist,
2010) Treasury Secretary circa 2009 (Haaretz)
The Kibbutz Pension Crisis (calcalist)
(video)
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) Newspaper
clips (link)
|
Leo
Roth
Ofer Razin, My Late Son
Memories (link) Bio (link)

Ofer Razin Hall In Tel
Aviv University,
Georgetown University's the Ofer Razin Lecture series (history)
The
2003 Lecture, 1, 2,
3, 4, 5 page
12 The
2007 Award Ceremony
Ofer Razin Ph.D dissertation:published in -Economics of Globalization: Policy Perspectives From Public Economics, (1999) ,Assaf Razin And Efraim Sadka (eds)) (Publisher's Release) Cambridge University Press,(Real Exchange-Rate Misalignments and Growth, by Ofair Razin and Susan M. Collins)
Ancient Chinese Artifact (Fabricated?)
Basic Economic Concepts: Videos |
Neoclassical
approach (pdf) 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
5. International
Debt Crisis:a,
b, c, d
6. Balance of Payments
Dynamics 7. ppp and exchange rates in the short and
the long run (pdf)
7. Why the Dollar Falls: An Intertemporal
Adjustment (word) 7.
Optimum Currency Areas, Krugman-Obstfeld-ch20
Krugman on EMU (text, slides) 8.
International Capital Markets (Krugman-Obstfeld ch
21, Appendix) 9.
Financial Crises, Krugman-Obstfeld-ch22
Homework1, Homework2,
Homework 3,
10. The International Monetary System
11. Optimum Currency Areas 12.
Developing Countries: Crises and Reforms
13. The Global Capital Markets
, International capital market (Krugman-Obstfeld
Ch 21 ) (The US Deficit)
UNDERGRADUATE
INTERNATIONAL TRADE syllabus,
Migration (video) 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)
This part is Based on the Razin - Sadka Book: Foreign Direct Investment: Analysis
of Aggregate Flows (Princeton University Press, 2007)
5.
Fire Sale FDI (slides) 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)
Naftali Bezem
Random Events in Pictures
Pincas
Litvinovsky
My family
website
My 4 years old grandson Iddo Razin, 2004
I
4
Ruth Schloss
Avner Bengal
Yair Garbouz
Ezekiel Shtreichman
Aviva Ori
Moshe Cagan
| | | |

Bethy Rubinstein
Menashe Kadishman Neeve Razin, 2021
My 16 years old granddaughter
IEA (International Economic Association) Fellow award for 2022
2017 Emet Prize In Economics: Jerusalem Post reports.pixs,Hebrew press
1994 - Fellow of the Econometric Society
2023 - Research.com Economics and Finance in Israel Leader Award
2022 - Research.com Economics and Finance in Israel Leader Award
1990 Elected Fellow of the European Economic Association
 Avner Bengal bengal
Affiliations
Fellow of the Econometric Socity
Former President of Israel Economic Association
NBER Research Associate;
CEPR Reseasrch Fellow;
CES-ifo Research Fellow; IZA research Fellow.
Eitan Berglas School of Economics,
Tel Aviv University,
Tel Aviv 69978
ISRAEL
Office Telephone: 972-3-640-7303, mobile: 972 58 7900033
Fax: 972-3-642-8074,
or 972-3-640-9908 (Office)
972-3-641-4475 (Home),
e-mail: razin@tauex.tau.ac.il, ar256@cornell.edu, Home Page: http://www.tau.ac.il/~razin
Amos Keinan
Arie Lubin
Yom Kippur
https://www.youtube.com/watch?v=yspXvbBPrXc
Yair Rosenblum composition of נתנה תוקף, a Byzantine- period text(פיוט), which is discovered in the Cairo Genizah–The collection of some 400,000 Jewish manuscript fragments and Fatimid administrative documents that were found in the genizah or storeroom of the Ben Ezra Synagogue in Fustat or Old Cairo, Egypt. The centuries- (or millennial-) old text caught the eyes of Yair Rosenblum. He lived at the time in Kibbutz Beit Hashita — a small community in Jezreel Valley, which lost 11 of its sons in the 1973 Yom Kippur War. Yair put new life to the old text, and his composition became a memorial hymn. After is death, Yair Rosenblum was buried near my son OFER's grave, in another small community, Kibbutz Einat, near my son OFER grave.
Leonard Cohen, who visited the front during the Yom Kippur War, rephrased the old prayer נתנה תוקף:
"And who by fire, who by water
Who in the sunshine, who in the night time
Who by high ordeal, who by common trial
Who in your merry merry month of may
Who by very slow decay
And who shall I say is calling?
And who in her lonely slip, who by barbiturate
Who in these realms of love, who by something blunt
Who by avalanche, who by powder
Who for his greed, who for his hunger
And who shall I say is calling?
It became known in the entire world.
Avner Bengal
Globalization, Migration, and Welfare State
Understanding the Macroeconomic Trifecta
Author: Razin, Assaf

This book is about three key dimensions in economics—globalization, migration and the welfare state—that are of enduring interest. These issues are particularly important to consider at the present moment given the strains posed by the pandemic: there is at least a temporary setback to trade-globalization and migration, and the cost of fighting the pandemic will strain the ability of governments to provide welfare state services in a style and scope to which many of their citizens have become accustomed. The book explains the changing function of the welfare state in the presence of intensified globalization, or de-globalization, forces. The welfare state’s policy-maker attitudes toward openness and migration depend on open-economy fundamentals, and the income class it represents. The author demonstrates the interactions between migration, globalization and macroeconomic policy in practice, using real-world unique episodes, with Israel deemed as well-functioning trifecta, and the US and Europe as imperfectly functioning trifecta.
TEXT PDF
Book Review: Giovanni Facchini (link)
Israel and the World Economy: Power of Globalization

Anti-globalization sentiment is growing, especially in Europe and the United States, with the increasingly integrated global economy blamed for domestic economic distress. I show that Israel offers a counterexample to this view, by demonstrating the decisively positive economic effects of globalized finance, trade and immigration. The emerging market economies such as China, Vietnam, India and Indonesia abandoned autarky in favor of export-led growth in the mid-1980s. Suddenly, and with little warning, more than a third of the world’s population joined the postwar globalization parade, powerfully effecting global demand everywhere, including Israel. Israel has significantly pivoted its trade to the emerging East Asian markets.
What's the book about
Slides
Endorsements:
Israel's economic experience contains many highly relevant lessons: how to tame inflation, how to absorb immigrants, how to make the transition to high-tech, and now how to cure the Dutch Disease. There can be no better guide than Assaf Razin to lead us through this wilderness.
(Barry Eichengreen,, University of California, Berkeley)
Many countries struggle to adapt to the forces of globalization. Some turn their backs on globalization and listen to the sirens of protectionists. In this book, Assaf Razin shows how Israel did the opposite and used globalization to its advantage. It makes for fascinating reading.
(Paul De Grauwe, London School of Economics)
Israel and the World Economy:The Power of Globalization
Public Lecture (video)
Hebrew Parts (pdf)
Slides (Powerpoint) (pdf)
Figures
Interview (hebrew)
A rigorous analysis of the role played by globalization in key episodes in the development of the Israeli economy, from hyperinflation crisis to high-tech surge.
Anti-globalization sentiments are rising, especially in Europe and the United States, with the increasingly integrated global economy blamed for domestic economic distress. In this book, Assaf Razin argues that Israel offers a counterexample to this view, showing decisively positive economic effects of globalized finance, trade, and immigration. He offers a rigorous analysis of the role played by globalization in key episodes in the remarkable development of the Israeli economy. His findings may hold lessons for productivity-challenged advanced economies as well as for other countries such as China currently making the transition to fully developed economies.
I examine the wave of immigration after the collapse of the Soviet Union, as highly skilled Soviet Jews migrated to Israel and the effect on income inequality; the Great Moderation of inflation and employment in advanced economies, as Israel's inflation converged in parallel with low world inflation rates; Israel's robustness in the face of the deflation shocks of the 2008 financial crisis; and technology transmission through foreign direct investment, reinforcing Israel's high-tech sector surge. He also considers such ongoing challenges as high fertility and low labor market participation and the economic costs of the Israeli-Palestinian conflict.
Book Reviews
Book Reviews:
Laura Alfaro, Israel Economic Review Vol. 15, No. 1 (2018), 111-115
http://www.boi.org.il/en/Research/Periodicals/Documents/volume%2015.1/פרק%205 .pdf
Asaf Zussman, Israel Economic Review Vol. 15, No. 1 (2018), 107-109
http://www.boi.org.il/en/Research/Periodicals/Documents/volume%2015.1/פרק%204 .pdf
David Rodman in Israel Affairs
Phillip Swagel, FINANCE & DEVELOPMENT | December 2018
(link)
uri Lifshitz
Assaf Volume I: The first 70 years
A BIOGRAPHY in COMICS
(link) ------------------------------- Assaf Razin's life stroy is one of extremes. It follows 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 intellectual capitilism. Our hero persues a stelar carreer and personal acheivements while withstanding rather dramatic personal events.
Menashe Kadishman
Published
E-books by Assaf Razin (link)
Jankel Adler

Talk at Warwick University (link)
Three Branches of Financial Crisis Theory (Goldstein and Razin)
Ten years ago Wednesday, Aug. 9, 2007, French bank BNP Paribas blocked withdrawals from hedge funds that specialized in U.S. mortgage debt. That Aug. 9, 2007, marked the beginning of a credit crisis that caused investment bank Lehman Brothers to collapse a year later and usher in the Great Recession of 2007-09.
1. Understanding Global Financial Crises: An
Emerging Paradigm,
by Assaf Razin
MIT PRESS,
December 2014 (link)
Book's Narrative (link)
Financial crises have some common storylines, among them bursting asset bubbles, bank failures, sharp tightening of credit, and downturn in trade. They are also different from one another. Some start with sudden reversal of international capital flows, others with domestic credit implosions. A challenge to economic research is to integrate common as well as disparate threads into a coherent analytical framework that is at the same time empirically testable. In Understanding Global Crises: an emerging paradigm, I offer a review of an emerging macroeconomic paradigm incorporating failure-prone financial intermediaries, that is consistent with the key features of recent global financial crises. To be self ccontained, the book also presents in a transparent way basic analytical elements of the theories of financial and monetary and currency crises. Contents:
1 Introduction
Part I Recent History of Financial Crises
2 The 1990s and the Early 2000s
3 The 2008 Global Crisis
4 The Crisis in the Euro -Zone
Part II Elements of the Theory of Financial Crises
5 Analytics of Financial Fragility of Banks
6 Analytics of Credit Frictions and Capital Market Freezes7 Analytics of Asset Bubbles and CrisesPart III Exchange Rates and Capital Flows
8 Analytics of Currency Crises
9 Foreign Investment and Debt: Information Asymmetry
10 Foreign Investment in the Presence of Liquidity ShocksPart IV An Emerging Macroeconomic Paradigm: Financial
Intermediaries, and Credit Frictions
11 Inflation-Output Trade-off with Frictionl-Less CreditThe Benchmark
Paradigm
12 Leveraging, De-lLeveraging and the Liquidity Trap
13 Amplification and Persistency of Shocks in Dynamic Macroeconomic
Models
14. Epilogue
Endorsements:
Assaf Razin provides here the definitive introduction and overview of the historical and analytical literatures on financial crises. Students new to the subject and specialists alike will appreciate the crystal clear exposition. Razin's book is the obvious starting point for all those concerned to understand risks to financial stability. And, given recent events, 'all those concerned' is likely to connote a very large number. (Barry Eichengreen, George C. Pardee and Helen N. Pardee Professor of Economics and Political Science, University of California, Berkeley).
The global financial crisis shook the foundations of macroeconomic theory: what had we missed? In this book, Professor Razin opens an illuminating door on the post-crisis world and painstakingly builds the foundations of a post-crisis paradigm. A must-read for anybody who wants to go beyond the stylized facts and begin to understand the why and how of global financial crises. Carlos A. Vegh, Fred H. Sanderson Professor of International Economics, Johns Hopkins University).
Assaf Razin has performed a real tour de force: blending historical study with rigorous theoretical analysis; presenting a vast and penetrating overview of the literature on financial crises; developing a new macroeconomic paradigm in which financial intermediaries play a major role, and in which asset and debt accumulation matters. All in one book. Thanks to Assaf Razin's book, doing macroeconomics is interesting again. (Paul De Grauwe, John Paulson Chair in European Political Economy, London School of Economics and Political Science).
Understanding Global Crises is an impressive book. The thoughtful and accessible analysis of the financial crises in the last 25 years in the first chapters will be extremely useful for the layperson interested in crises. The elegant modeling of the financial frictions predating these crises in the last chapters will also attract the expert. A must-read! (Graciela L. Kaminsky, Professor of Economics and International Affairs, George Washington University).
Book Review: Francesco Bianchi (link) Doyle (link)
2. Migration States and Welfare States: Why is
America Different from Europe?
by
Assaf Razin and, Efraim Sadka Palgrave-MacMillan Pivot, November 20, 2014 (link)

We argue that the looser federal nature of the economic union in the EU, relative
to the U.S.'s (that is, the EU member states compete one against the other, whereas the US member states are constitutionally under a Federal regime which coordinates their policies); and the relatively more aged population contribute a great
deal to our understanding of the welfare-state and migration policy differences (video).
Book review: Ethan Ilzetzki, (2016) in the Israel Economic Review Vol. 14, No. 1 (2016), 129-133
3. Migration
and the Welfare State
Political-Economy Policy Formation
Assaf Razin
Efraim Sadka and
Benjarung Suwankiri
MIT Press (2011)
Income groups' conflicting interests, and intergenerational conflicts, are behind immigration policy. A unified theoretical formal framework for studying how
political economy coallition are formed, and a range of policy
regimes are implemented. Topics include: The differences between free and policy-controlled
migration, the effect of migration on the generosity of the welfare state, the effect of aging of the population, fiscal competition and
competition over the skill mix of immigrants,and the dynamics of the political-economy policy formation concerning the interactions between the welfare state and migration.
 Menashe Kadishman
Book review: Sharun W Mukand, Journal of Economic Literature 2012,
50(3), 791-794 (pdf).
Book Review: Johann Harnos and Hillel Rapoport, Israel Economic Review
(IsER) Vol 11, No.1, April 2014
http://www.boi.org.il/en/Research/Periodicals/Documents/11ISER5.pdf
Book Review: Alexander Kemnitz J.Econ, 107: 191-193 (2012), Springer
Werlag
http://link.springer.com/content/pdf/10.1007%2Fs00712-012-0289-1
Book Review: Mathias Sinning
Economic Record Volume 89, Issue 286, SEP 2013
http://onlinelibrary.wiley.com/doi/10.1111/1475-4932.12070/pdf
4. Foreign
Direct Investment: Analysis of Aggregate Flows
(Princeton
University Press, 2007)  Jerusalem in art
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 text Laura
Alfaro, Review of Foreign Direct Investment: Analysis of Aggregate Flows, Journal
of Economic Literature, March 2009, text. SebnemKalemli-Ozcan,
Book Review, Israel Economic Review,Vol 9, No 2 (2012), 1-3 (text)
David
Hendler Menase Kadishman
5. Economic
Policy in the International Economy: Essays in Honor of Assaf Razin
Festschrift international gathering in Tel Aviv, 2001.
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.

Crises: https://sapir.tau.ac.il/sites/economy.tau.ac.il/files/media_server/Economics/Sapir/conferences/Krugman.pdf
The
book Conference (IMF Survey, April 16, 2001, page
129)
6. The Decline of The Welfare
State: Demography and Globalization-- MIT
Press 2004
(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
7.
Labor, Capital and Finance: International
Flows
by Assaf Razin and Efraim
Sadka Cambridge University Press 2002
Book download (pdf)
(text)
(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
Haim Kiewe
8. A Theory of International
Trade Under Uncertainty
Academic Press, Harcourt
Brace Jovanovitch, 1978

by Elhanan
Helpman and Assaf Razin (FullText) 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
9. Fiscal Policies and the World
Economy: Intertemporal Approach
(MIT Press 1987 ( text)
(First
Edition, 1987; Second Edition, 1993.)
Fiscal
Policies and Growth in the World Economy (MIT Press, 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
10. Population Economics
Population Economics
(MIT Press, 1995), 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
11. International Taxation in an Integrated
World
(MIT Press, 1992), with Jacob Frenkel and
Efraim Sadka
text,
(pdf)
Book
download (link)
12. 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
see also Currency Crises PR Krugman (ed.) 2000, Book download
(link)
13.
The Economy of Modern Israel
(University
of Chicago Press, 1993), with Efraim Sadka
text
Yohanan Simon
EDITED BOOKS Social
Security Reform : Financial and Political Issues in International Perspective
by Robin
Brooks (Editor), Assaf
Razin (Editor) Cambridge University Press 2006
Preface,
Table of contents, Introduction,
authors (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
Taxation
in the Global Economy (National Bureau of Economic Research Project Report)
by Joel Slemrod (Editor), Assaf Razin (Editor) ( Paperback -
February 1, 1992) Book Download (link)
Capital
Mobility : The Impact on Consumption, Investment and Growth
by Leonardo Leiderman (Editor), Assaf Razin (Editor) ( Cambridge University Press,
1994) International
Trade and Trade Policy
by Elhanan Helpman (Editor), Assaf Razin
(Editor) ( MIT Press, 1991); Book
download (link)
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)
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
Capital
Mobility: The Impact on Consumption, Investment and Growth by
Leonardo Leiderman and Assaf Razin ( Paperback)
The
Economics of Globalization: Policy Perspectives from Public Economics
by Assaf Razin and Efraim Sadka ( Paperback) -
Taxation in the Global Economy by Assaf Razin and Joel Slemrod,
The University of Chicago
Development
in an Inflationary World by M. June Flanders/ Assaf Razin
( Paperback - 1981)
I. A
Graduate Course in International Macroeconomics: Integrating International
Macroeconomics and Financial Crises
Introduction
The 2008
financial crisis (pdf), Two
Camps in Macroeconomics (ppt), Euro
Crisis (ppt), Syllabus (doc,
pdf)
I. International
Financial Crises
Review of Theories
of Financial Crises (draft) (slides), Leverage
Bubbles(pdf) The Great Depression vs. The Current
Crisis ( ppt
) Currency and Financial
Crises of the 1990s and 2000s docx
First-Generation Currency Crises Models
Fixed
Exchange Rate under Interest Parity, first-generation crisis
,
Fixed
Exchange Rate Without Interest Parity,
Second-Generation Crises Models, Unique
equilibrium? Game Theory, Banking/Debt
Crises (ppt), notes:
1, 2, 3, 4,
6, 7, 8
Third-Generation Crises
Models The
balance-sheet effect in financial crisis,
balance
shhet effect in a closed economy , (book
review), Financial Fragility
(doc)
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)
Informational Cascades and Rational Bubbles
(link, Housing
Bubble) Bank Runs and Capital
Flows Caballero-Krishnamurty:
Flight for Quality (link, Burnside
slides) Bank
Runs, Capital Flow
Reversals, Credit-Rating Crunches
(Figure)
Slides
(pdf, tex)
Allen and Gale (slides), (ii)
More on Currency Crises and Financial Crises
First-Generation Currency Crises Fixed
Exchange Rate With and Without Interest Parity,
Currency
Crises Models with Endogenous central bank policies, Unique
equilibrium ? Game
Theory , Banking/Debt Crises ( ppt
), notes: 1 , 2
, 3 , 4
, 6 , 7
, 8
Balance-Sheet
Crises Models The
balance-sheet effect in financial crisis, balance
shhet effect in a closed economy Evaluation of Exchange Rate
Regimes in the presence of Liquidity Crises ( Econ
Policy, currency pegs 2007 ) ( pdf
) ( word
) Exchange-Rate Regimes ( pdf
) Informational Cascades and Rational Bubbles
( link , Housing
Bubble ) Bank Runs and Capital Flows: Flight for Quality (
link , slides
) Bank Runs,
Capital Flow Reversals,
Credit-Rating Crunches ( Figure
) Slides ( pdf
, tex
, slides
) II. Textbook
Neo-Classical Open-economy Macroeconomics 1.
Inflation Inflation
and Money Growth, seigniorage,
2 Exchange Rate Flexible
Exchange Rate , III. The Mundell-Fleming
Model Slides: The
Mundell-Fleming Model IV. The New-Keynesian
Macroeconomics The
Flexible Price Benchmark Aggregate
Supply Under Price Rigidity Equilibrium
under Flexible and Rigid Prices Utility-based
loss function (Preliminaries
) Utility-Based
loss function: Globalization Liquidity trap and delevaraging
(link)
Loglinearization
Krugman
on liquidity trap Liquidity
trap The
Liquidity Trap and Expectations,
more Fiscal
Policy under liquidity trap Geneal Equilibrium and Interest
Rule ( doc) 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
) (vi) The Dynamics of the current- and capital-
account of the balance of payments (a) Consumption-Smoothing
current account balance Dynamics ( PPT
) (b) Dynamics
of Savings in a small open economy , (c) Current
Account Stochastic Dynamics,
(d) Portfolio
View of Capital Flows ( slides
), Home works Basics:
1 , 2
, 3
; New Keynesian Macro: Homeworks: 1
, 2 , 3
, 4 ( word
), 5 ( word
), 6 ( word
) , 7 ( word
); and More Home works.
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