NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

NBER Working Papers by Assaf Razin

Contact and additional information for this authorAll NBER papers and publicationsNBER Working Papers onlyInformation about this author at RePEc

Working Papers

September 2014Migration and Welfare State: Why is America Different from Europe?
with Efraim Sadka: w20450
August 2013Migration into the Welfare State: Tax and Migration Competition
w19346

Published: Assaf Razin, 2013. "MIGRATION into the WELFARE STATE: tax and migration competition," International Tax and Public Finance, Springer, vol. 20(4), pages 548-563, August. citation courtesy of

Migration and Fiscal Competition within a Union
with Efraim Sadka: w19282
January 2013Three Branches of Theories of Financial Crises
with Itay Goldstein: w18670
September 2012A Tale of Politically-Failing Single-Currency Area
with Steven Rosefielde: w18352
October 2011Welfare Magnet Hypothesis, Fiscal Burden and Immigration Skill Selectivity
with Jackline Wahba: w17515

Published: Assaf Razin and Jackie Wahba “Welfare Magnet Hypothesis, Fiscal Burden and Immigration Skill Selectivity,” The Scandinavian Journal of Economics special issue on “Migration and Development”, 2014.

February 2011Free vs. Controlled Migration: Bilateral Country Study
with Jackline Wahba: w16831
Currency and Financial Crises of the 1990s and 2000s
with Steven Rosefielde: w16754

Published: Assaf Razin & Steven Rosefielde, 2011. "Currency and Financial Crises of the 1990s and 2000s," CESifo Economic Studies, Oxford University Press, vol. 57(3), pages 499-530, September. citation courtesy of

January 2011Tax Competition and Migration: The Race-to-the-Bottom Hypothesis Revisited
with Efraim Sadka: w16670

Assaf Razin and Efraim Sadka "Tax Competition and Migration: The Race ‐ to ‐ the ‐ Bottom Hypothesis Revisited" forthcoming in CESifo Economic Studies , Volume 58, Number 1, March 2012, Oxford University Press.

December 2010Equity Prices and Equity Flows: Testing Theory of the Information-Efficiency Tradeoff
with Anuk Serechetapongse: w16651
October 2010Composition of Capital Flows: A Survey
with Koralai Kirabaeva: w16492

Published: Koralai Kirabaeva and Assaf Razin “Composition of Capital Flows” Encyclopedia of Financial Globalization , Elsevier , October, 2012.

July 2010Fiscal and Migration Competition
with Efraim Sadka: w16224

Assaf Razin and Efraim Sadka "Tax Competition and Migration: The Race ‐ to ‐ the ‐ Bottom Hypothesis Revisited" forthcoming in CESifo Economic Studies , Volume 58, Number 1, March 2012, Oxford University Press.

February 2010Liquidity, Institutional Quality and the Composition of International Equity Flows
with Itay Goldstein, Hui Tong: w15727
December 2009Composition of International Capital Flows: A Survey
with Koralai Kirabaeva: w15599

Published: “Composition of Capital Flows” Encyclopedia of Financial Globalization, Elsevier, October, 2012.

Migration and the Welfare State: A Dynamic Political-Economy Theory
with Efraim Sadka, Benjarong Suwankiri: w15597

Published: Assaf Razin, Efraim Sadka, and Benjarong Suwankiri, MIGRATION AND THE WELFARE ST ATE: POLITICAL-ECONOMY , FORMATION POLICY MIT Press, October 2011.

July 2009The Impact of Credit Protection on Stock Prices in the Presence of Credit Crunches
with Galina Hale, Hui Tong: w15141

Published: Galina Hale & Assaf Razin & Hui Tong, 2009. "The impact of creditor protection on stock prices in the presence of credit crunches," Proceedings, Federal Reserve Bank of San Francisco, issue Jan. citation courtesy of

May 2009Migration-Regime Liberalization and Social Security: Political-Economy Effect
with Edith Sand: w15013
March 2009Migration and the welfare state: Dynamic Political-Economy Theory
with Efraim Sadka, Benjarong Suwankiri: w14784

Published: MIGRATION AND THE WELFARE ST ATE: POLITICAL-ECONOMY , FORMATION POLICY MIT Press, October 2011. Book Review: Sharun W Mukand, Journal of Economic Literature 2012, 50 ( 3 ) , 791–794, American Economic Association

February 2009The Skill Composition of Migration and the Generosity of the Welfare State
with Alon Cohen, Efraim Sadka: w14738
October 2008The Skill Composition of Immigrants and the Generosity of the Welfare State: Free vs. Policy-Controlled Migration
with Alon Cohen: w14459
Inflation-Output Tradeoff as Equilibrium Outcome of Globalization
with Alon Binyamini: w14379
January 2008Liquidity, Institutional Quality and the Composition of International Equity Outflows
with Itay Goldstein, Hui Tong: w13723
November 2007The Political-Economy Positive Role of the Social Security System in Sustaining Immigration (But Not Vice Versa)
with Edith Sand: w13598
July 2007Flattened Inflation-Output Tradeoff and Enhanced Anti-Inflation Policy: Outcome of Globalization?
with Alon Binyamini: w13280
May 2007Productivity and Taxes as Drivers of FDI
with Efraim Sadka: w13094

Published: Productivity and Taxes as Drivers of Foreign Direct Investment [with Comments and Discussion] Assaf Razin, Efraim Sadka, Mihir A. Desai and Deborah Swenson "Brookings Trade Forum, Foreign Direct Investment" (2007), pp. 105-148 Published by: Brookings Institution Press

Credit Constraints and Stock Price Volatility
with Galina Hale, Hui Tong: w13089
December 2006Immigration and the Survival of Social Security: A Political Economy Model
with Edith Sand: w12800
March 2006Institutional Weakness and Stock Price Volatility
with Galina Hale, Hui Tong: w12127
January 2006Vying for Foreign Direct Investment: A EU-type Model of Tax Competition
with Efraim Sadka: w11991
November 2005Evaluation of Currency Regimes: The Unique Role of Sudden Stops
with Yona Rubinstein: w11785

Published: Assaf Razin & Yona Rubinstein, 2006. "Evaluation of currency regimes: the unique role of sudden stops," Economic Policy, CEPR, CES, MSH, vol. 21(45), pages 119-152, 01. citation courtesy of

An Information-Based Trade Off between Foreign Direct Investment and Foreign Portfolio Investment
with Itay Goldstein: w11757

Published: Goldstein, Itay and Assaf Razin. "An information-based trade off between foreign direct investment and foreign portfolio investment." Journal of International Economics 7, 1(September 2006): 271-295. citation courtesy of

September 2005Bilateral FDI Flows: Threshold Barriers and Productivity Shocks
with Efraim Sadka, Hui Tong: w11639

Published: Razin, Assaf, Efraim Sadka and Hui Tong. "Bilateral FDI Flows: Threshold Barriers and Productivity Shocks." CESifo Economic Studies 54, 3 (2008):451-470. citation courtesy of

Globalization and Inflation-Output Tradeoffs
with Prakash Loungani: w11641

Published:

March 2005Corporate Taxation and Bilateral FDI with Threshold Barriers
with Yona Rubinstein, Efraim Sadka: w11196
February 2005Evaluation of Exchange-Rate, Capital Market, and Dollarization Regimes in the Presence of Sudden Stops
with Yona Rubinstein: w11131
January 2005Foreign Direct Investment vs. Foreiegn Portfolio Investment
with Itay Goldstein: w11047
December 2004Aging and the Welfare State: The Role of Young and Old Voting Pivots
with Efraim Sadka: w10967
Globalization and Disinflation: A Note
w10954
November 2004Fixed Costs and FDI: The Conflicting Effects of Productivity Shocks
with Yona Rubinstein, Efraim Sadka: w10864
August 2004Welfare Migration: Is the Net Fiscal Burden a Good Measure of Its Economic Impact on the Welfare of the Native Born Population?
with Efraim Sadka: w10682
July 2004Capital Income Taxation in the Globalized World
with Efraim Sadka: w10630
June 2004Growth Effects of the Exchange-Rate Regime and the Capital-Account Openness in A Crisis-Prone World Market: A Nuanced View
with Yona Rubinstein: w10555
February 2004Aggregate Supply and Potential Output
w10294
December 2003Which Countries Export FDI, and How Much?
with Yona Rubinstein, Efraim Sadka: w10145
May 2003The Role of Information in Driving FDI Flows: Host-Country Tranparency and Source Country Specialization
with Ashoka Mody, Efraim Sadka: w9662
April 2003A Brazilian-Type Debt Crisis: Simple Analytics
with Efraim Sadka: w9606

Published: Assaf Razin & Efraim Sadka, 2004. "A Brazilian-Type Debt Crisis," IMF Staff Papers, Palgrave Macmillan Journals, vol. 51(1), pages 7.

January 2003An Information-Based Trade Off Between Foreign Direct Investment and Foreign Portfolio Investment: Volatility, Transparency, and Welfare
with Itay Goldstein: w9426

Published: Goldstein, Itay and Assaf Razin. "An information-based trade off between foreign direct investment and foreign portfolio investment." Journal of International Economics 7, 1 (September 2006): 271-295.

November 2002Trade Openness, Investment Instability and Terms-of-Trade Volatility
with Efraim Sadka, Tarek Coury: w9332

Published: Razin, Assaf & Sadka, Efraim & Coury, Tarek, 2003. "Trade openness, investment instability and terms-of-trade volatility," Journal of International Economics, Elsevier, vol. 61(2), pages 285-306, December. citation courtesy of

October 2002The Stability and Growth Pact as an Impediment to Privatizing Social Security
with Efraim Sadka: w9278
The Role of Information in Driving FDI: Theory and Evidence
with Ashoka Mody, Efraim Sadka: w9255
September 2002FDI Contribution to Capital Flows and Investment in Capacity
w9204
A Brazilian Debt-Crisis Model
with Efraim Sadka: w9211
A Brazilian Debt-Crisis
with Efraim Sadka: w9160
June 2002Gains from FDI Inflows with Incomplete Information
with Efraim Sadka: w9008

Published: Razin, Assaf & Sadka, Efraim, 2003. "Gains from FDI inflows with incomplete information," Economics Letters, Elsevier, vol. 78(1), pages 71-77, January. citation courtesy of

March 2002Trade Openness and Investment Instability
with Efraim Sadka, Tarek Coury: w8827

Published: Razin, Assaf, Efraim Sadka and Tarek Coury. “Trade openness, investment instability, and terms-oftrade volatility.” Journal of International Economics 59, 2 (2003).

December 2001Why International Equity Inflows to Emerging Markets are Inefficient and Small Relative to International Debt Flows
with Efraim Sadka, Chi-Wa Yuen: w8659
July 2001The Aging Population and the Size of the Welfare State
with Efraim Sadka, Phillip Swagel: w8405

Published: Razin, Assaf, Efraim Sadka and Phillip Swagel. "The Aging Population And The Size Of The Welfare State," Journal of Political Economy, 2002, v110(4,Aug), 900-918. citation courtesy of

June 2001The "New Keynesian" Phillips Curve: Closed Economy vs. Open Economy
with Chi-Wa Yuen: w8313

Published: Razin, Assaf and Chi-Wa Yuen. "The 'New Keynesian' Phillips Curve: Closed Economy Versus Open Economy," Economics Letters, 2002, v75(1,Mar), 1-9.

March 2001Country Risk and Capital Flow Reversals
with Efraim Sadka: w8171

Published: Razin, Assaf and Efraim Sadka. "Country Risk And Capital Flow Reversals," Economics Letters, 2001, v72(1,Jul), 73-77. citation courtesy of

June 2000Do Debt Flows Crowd Out Equity Flows Or the Other Way Round?
with Efraim Sadka, Chi-Wa Yuen: w7736

Published: Assaf Razin & Efraim Sadka & Chi-Wa Yuen, 2000. "Do Debt Flows Crowd Out Equity Flows or the Other Way Round?," Annals of Economics and Finance, Society for AEF, vol. 1(1), pages 33-47, May. citation courtesy of

October 1999Excessive FDI Flows Under Asymmetric Information
with Efraim Sadka, Chi-Wa Yuen: w7400

Published: Assaf Razin & Efraim Sadka & Chi-Wa Yuen, 1999. "Excessive FDI flows under asymmetric information," Proceedings, Federal Reserve Bank of San Francisco, issue Sep. citation courtesy of

August 1999Optimal International Taxation and Growth Rate Convergence: Tax Competition vs. Coordination
with Chi-Wa Yuen: r2242

Published: International Tax and Public Finance, vol.6, no. 1, pp. 61-78, February 1999.

May 1999Understanding the "Problem of Economic Development": The Role of Factor Mobility and International Taxation
with Chi-Wa Yuen: w7115

Published: Razin, Assaf and Chi-Wa Yuen. "Understanding The 'Problem Of Economic Development:' The Role Of Factor Mobility And International Taxation," Journal of Applied Economics, 1999, v2(1,May), 131-167. citation courtesy of

March 1999Unskilled Migration: A Burden or a Boon for the Welfare State
with Efraim Sadka: w7013

Published: Razin, Assaf and Efraim Sadka. "Unskilled Migration: A Burden Or A Boon For The Welfare State?," Scandinavian Journal of Economics, 2000, v102(3,Sep), 463-379. citation courtesy of

January 1999An Information-Based Model of Foreign Direct Investment: The Gains from Trade Revisited
with Efraim Sadka, Chi-Wa Yuen: w6884

Published: Razin, Assaf, Efraim Sadka and Chi-Wa Yuen. "An Information-Based Model Of Foreign Direct Investment: The Gains From Trade Revisited," International Tax and Public Finance, 1999, v6(4,Nov), 579-596. citation courtesy of

November 1998Migration and Pension
with Efraim Sadka: w6778

Published: Published as "Migration and Pension with International Capital Mobility", Journal of Public Economics, Vol. 74, no. 1 (October 1999): 141-150.

September 1998Tax Burden and Migration: A Political Economy Theory and Evidence
with Effraim Sadka, Phillip Swagel: w6734

Published: Razin, Assaf, Efraim Sadka and Phillip Swagel. "Tax Burden And Migration: A Political Economy Theory And Evidence," Journal of Public Economics, 2002, v85(2,Aug), 167-190. citation courtesy of

June 1998Current Account Reversals and Currency Crises: Empirical Regularities
with Gian Maria Milesi-Ferrett: w6620

Published: Current Account Reversals and Currency Crises: Empirical Regularities, Gian Maria Milesi Ferretti, Assaf Razin. in Currency Crises, Krugman. 2000

December 1997Sharp Reductions in Current Account Deficits: An Empirical Analyis
with Gian Maria Milesi-Ferrett: w6310

Published: European Economic Review, Vol. 42, nos. 3-5 (May 1998): 897-908. citation courtesy of

Channeling Domestic Savings into Productive Investment Under Asymmetric Information: The Essential Role of Foreign Direct Investment
with Efraim Sadka, Chi-Wa Yuen: w6338

Published: European Economic Review (May 1998).

Quantitative Implications of the Home Bias: Foreign Underinvestment, Domestic Oversaving, and Corrective Taxation
with Efraim Sadka, Chi-Wa Yuen: w6339
December 1996Tax Burden and Migration: A Political Economy Perspective
with Efraim Sadka: w5850

Published: Razin, Assaf & Sadka, Efraim & Swagel, Phillip, 2002. "Tax burden and migration: a political economy theory and evidence," Journal of Public Economics, Elsevier, vol. 85(2), pages 167-190, August.

October 1996Current Account Sustainability: Selected East Asian and Latin American Experiences
with Gian Maria Milesi-Ferrett: w5791

Published: Princeton Studies in International Finance, no. 81, (October 1996).

March 1996Tax Principles and Capital Inflows: Is It Efficient to Tax Nonresident Income?
with Efraim Sadka, Chi-Wa Yuen: w5513

Published: Journal of International Economics, 1997.

February 1996Sustainability of Persistent Current Account Deficits
with Gian Maria Milesi-Ferrett: w5467

Published: International Journal of Finance Economics, vol. 1, no. 3, pp. 161-181, July 1996.

January 1996Labor Mobility and Fiscal Coordination
with Chi-Wa Yuen: w5433

Published: Journal of Public Economics, 1997.

August 1995Can Capital Controls Alter the Inflation-Unemployment Tradeoff?
with Chi-Wa Yuen: w5239
May 1995Factor Mobility and Income Growth: Two Convergence Hypotheses
with Chi-Wa Yuen: w5135

Published: Review of Development Economics, vol.1, no.1, March 1997. citation courtesy of

February 1995Capital Income Taxation and Long Run Growth: New Perspectives
with Chi-Wa Yuen: w5028

Published: Journal of Public Economics, vol. 59, pp. 239-263, February 1996 citation courtesy of

October 1994Resisting Migration: The Problems of Wage Rigidity and the Social Burden
with Efraim Sadka: w4903

Published: American Economic Review, Papers and Proceedings, vol. 85, no. 2, pp. 312- 316, May 1995

September 1994Effective Tax Rates in Macroeconomics: Cross-Country Estimates of Tax Rates on Factor Incomes and Consumption
with Enrique G. Mendoza, Linda L. Tesar: w4864

Published: Journal of Monetary Economics, vol. 34, (1994). p. 297-323 December 1994 citation courtesy of

April 1993The Dynamic-Optimizing Approach to the Current Account: Theory and Evidence
w4334

Published: Understanding Interdependence: The Macroeconomics of Open Economy, Peter B. Kenen, ed., Princeton University, 1995, pp. 169-198.

Convergence in Growth Rates: A Quantitative Assessment of the Role of Capital Mobility and International Taxation
with Chi-Wa Yuen: w4336

Published: Money and Credit (Spanish), vol. 20, 1994

December 1992International Migration and International Trade
with Efraim Sadka: w4230

Published: Chapter 15 in Handbook of Population Economics, ed. Mark Rosenzweig and Oded Stark, vol. 1, part 2, pp. 851-887, Elsevier, 1997

November 1992Business Cycle Volatility and Openness: An Exploratory Cross-Section Analysis
with Andrew Rose: w4208

Published: Capital Mobility: The Impact on Consumption, Investment and Growth, ed. Leo Leiderman and Assaf Razin, pp. 48-75, Cambridge University Press, 1994

Convergence in Growth Rates: The Role of Capital Mobility and International Taxation
with Chi-Wa Yuen: w4214

Published: Capital Mobility: The Impact on Consumption, Investment and Growth, ed. Leo Leiderman and Assaf Razin, p. 237-257 Cambridge University Press, 1994

August 1991Vanishing Tax on Capital Income in the Open Economy
with Efraim Sadka: w3796

Published: "The Status of Capital Income Taxation in the Open Economy," Finanz Archiv, vol. 52, pp. 21-32, (April 1995).

July 1991International Fiscal Policy Coordination and Competition: An Exposition
with Efraim Sadka: w3779
June 1991Determinants of External Imbalances: The Role Taxes, Government Spending and Productivity
with Leonardo Leiderman: w3738

Published: Journal of the Japanese and International Economies, Vol. 5, pp. 421-450, ( December 1991).

March 1991International VAT Harmonization: Economic Effects
with Jacob A. Frenkel, Steve Symansky: w3656

Published: IMF Staff Papers, Vol. 38, December 1991.

Targeting the Exchange Rate: An Empirical Investigation
with Shula Pessach: w3662

Published: Review of International Economics, vol. 2, February 1994

December 1990Tax Policy, Investments in Human and Physical Capital, and Productivity
with Marc Nerlove, Efraim Sadka, Robert K. von Weizsacker: w3531

Published: "Comprehensive Income Taxation, Investments in Human Capital, and Productivity." Journal of Public Economics 50, pp. 397-406 (1993).

Basic Concepts of International Taxation
with Jacob Frenkel, Efraim Sadka: w3540

Published: International Taxation, Cambridge: MIT Press, 1993, chapter 2.

July 1990International Spillovers of Taxation
with Jacob A. Frenkel, Steve Symansky: w2927

Published:

March 1990Capital Market Integration: Issues of International Taxation
with Efraim Sadka: w3281

Published: Reforming Capital Income Taxation, edited by Horst Siebert, pp. 155-165. Tubingen, Germany: J.C.B. Mohr, 1991.

October 1989International Tax Competition and Gains from Tax Harmonization
with Efraim Sadka: w3152

Published: Economics Letters, Vol. 37, pp. 69-76, (August 1991). citation courtesy of

August 1989Optimal Incentives to Domestic Investment in the Presence of Capital Flight
with Efraim Sadka: w3080

Published:

  • "Efficient Investment Incentives in the Presence of Capital Flight," Journal of International Economics, Vol. 31, pp. 171-181, (1991).
  • Population Economics, Cambridge: MIT Press, 1995, chapter 9.

July 1989International Effects of Tax Reforms
with Jacob A. Frenkel: w2873

Published: The Economic Journal, Vol. 99, No. 395, pp. 38-58, (Supplement 1989). citation courtesy of

April 1989Propogation of Shocks in a High-Inflation Economy: Israel, 1980-85
with Leonardo Leiderman: w2003

Published: "Foreign Trade Shocks and the Dynamics of High Inflation: Israel, 1978-85" Journal of International Money and Finance, Vol. 7, pp. 411-423, (1988).

March 1989Budget Deficits Under Alternative Tax Systems
with Jacob A. Frenkel: r1152

Published: From International Monetary Fund Staff Papers, Vol. 35, No. 2, pp. 297-315,(June 1988). (NOTE: This is based on W2321.)

February 1989Integration of the International Capital Markets: The Size of Government and Tax Coordination
with Efraim Sadka: w2863

Published:

December 1988A Bequest-Constrained Economy: Welfare Analysis
with Marc Nerlove, Efraim Sadka: w2779

Published: Journal of Public Economics, Vol. 37, pp. 203-220, (1988). citation courtesy of

October 1988Making Bequests Without Spoiling Children: Bequests as an Implicit Optimal Tax Structure and the Possibility That Altruistic Bequests are not Equaliz
with Laurence J. Kotlikoff: w2735
September 1988A Strategic Altruism Model In Which Ricardian Equivalence Does Not Hold
with Laurence J. Kotlikoff, Robert W. Rosenthal: w2699

Published: The Economic Journal, Vol. 100, pp. 1261-1268, (December 1990). citation courtesy of

July 1988Exchange-Rate Management Viewed as Tax Policies
with Jacob A. Frenkel: w2653

Published: European Economic Review, Vol. 33, pp. 761-781, April 1989. citation courtesy of

September 1987Fiscal Policies and the Stock Market: International Dimensions
w2389

Published: "Fiscal Policies and the Integrated World Stock Market," Journal of International Economics, Vol. 29, No. 3, pp. 109-122, (August 1990).

July 1987The Mundell-Flemming Model: A Quarter Century Later
with Jacob A. Frenkel: w2321

Published: "The Mundell-Fleming Model A Quarter Century Later: A Unified Exposition" From International Monetary Fund Staff Papers, Vol. 34, No. 4, pp. 567-620,(December 1987).

May 1987Testing Ricardian Neutrality with an Intertemporal Stochastic Model
with Leonardo Leiderman: w2258

Published:

  • Journal of Money, Credit and Banking, Vol. 20, No. 1, (February 2000). citation courtesy of
  • Financial Crises in Emerging Markets, Glick, Reuven, Ramon Moreno and Mark Speigel, eds., Cambridge: Cambridge University Press, 2000, chapter 8.

November 1986Fiscal Policies and Real Exchange Rates in the World Economy
with Jacob A. Frenkel: w2065

Published: "Spending, Taxes, and Deficits: International-Intertemporal Approach." From Princeton Studies in International Finance, No. 63, pp. 1-44,(December 1988).

Deficits with Distortionary Taxes: International Dimensions
with Jacob A. Frenkel: w2080

Published: IMF Staff Papers. vol.25,no.1 pp57-87, March 1988

September 1986Consumption and Government-Budget Finance in a High-Deficit Economy
with Leonardo Leiderman: w2032
August 1986Budget Deficits and Rates of Interest in the World Economy
with Jacob A. Frenkel: w1354

Published: Frenkel, Jacob A. and Assaf Razin. "Fiscal Policies in the World Economy," Journal of Political Economy, Vol. 94, No. 3, Part 1, (June 1986), pp. 56 4-594.

April 1986The Limited Viability of Dual Exchange-Rate Regimes
with Jacob A. Frenkel: w1902
1986The International Transmission and Effects of Fiscal Policies
with Jacob A. Frenkel: w1799

Published:

  • Frenkel, Jacob A. and Assaf Razin. "The International Transmission and Effects of Fiscal Policies," American Economic Review, Vol. 76, no. 2, May 1986, pp. 330-335. citation courtesy of
  • Frenkel, Jacob A. and Assaf Razin. "Real Exchange Rates, Interest Rates, and Fiscal Policies," Economic Studies Quarterly, Vol. 37, No. 2, (June 1986), pp. 99-113.

March 1985Exchange Rate Management: Intertemporal Tradoffs
with Elhanan Helpman: w1590

Published: Helpman, Elhanan and Assaf Razin. "Exchange Rate Management: Intertempora Tradeoffs," American Economic Review, Vol. 77, No. 1, (March 1987), pp. 10 7-123. citation courtesy of

December 1984The International Transmission of Fiscal Expenditures and Budget Deficits in the World Economy
with Jacob A. Frenkel: w1527

Published:

  • Frenkel, Jacob A. and Assaf Razin. "The International Transmission And Effects Of Fiscal Policies," American Economic Review, 1986, v76(2), 330-335.
  • Frenkel, Jacob A. and Assaf Razin. "The International Transmission of Fiscal Expenditures and Budget Deficits in the World Economy," Economic Policyin Theory and Practice, ed. Assaf Razin and Efraim Sadka, (Sept. 1986). Macmillan.

1984Fiscal Policies, Debt, and International Economic Interdependence
with Jacob A. Frenkel: w1266

Published: Frenkel, Jacob A. and Assaf Razin. "Government Spending, Debt, and International Economic Interdependence," The Economic Journal, Vol. 95, (September 1985) pp. 619-636.

February 1983International Capital Movements Under Uncertainty
with Gene M. Grossman: w1075

Published: Grossman, Gene M. and Assaf Razin. "International Capital Movements Under Uncertainty." Journal of Political Economy, Vol. 92, No. 2, (April 1984), pp . 286-306. citation courtesy of

March 1982Stochastic Prices and Tests of Efficiency of Foreign Exchange Markets
with Jacob A. Frenkel: r0253

Published: Frenkel, Jacob A. and Razin, Assaf. "Stochastic Prices and Tests of Efficiency of Foreign Exchange Markets." Economics Letters, Vol. 6, No. 2, (1991),pp. 165-170.

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