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Business Cycle Volatility and Openness : An Exploratory Cross-Section Analysis
Razin, Assaf; Rose, Andrew Kenan - 2022
This paper links business cycle volatility to barriers on international mobility of goods and capital. Theory predicts …
Persistent link: https://www.econbiz.de/10014074148
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Liquidity, Institutional Quality and the Composition of International Equity Flows
Goldstein, Itay - 2010
economy-wide sales of external assets. Consistent with our theory, we find that the predicted liquidity shock has a strong …
Persistent link: https://www.econbiz.de/10013148094
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The Economics of Human Development and Social Mobility
Heckman, James J. - 2014
This paper distills and extends recent research on the economics of human development and social mobility. It summarizes the evidence from diverse literatures on the importance of early life conditions in shaping multiple life skills and the evidence on critical and sensitive investment periods...
Persistent link: https://www.econbiz.de/10013058273
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Factor Mobility and Income Growth : Two Convergence Hypotheses
Razin, Assaf; Yuen, Chi-Wa - 2022
While technologies and policy fundamentals are presumably different internationally, inducing differences in growth rates, capital mobility is shown to be a powerful force in achieving complete growth rate equalization across countries. We provide evidence in support of this effect, showing that...
Persistent link: https://www.econbiz.de/10013308613
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The International Transmission and Effects of Fiscal Policies
Frenkel, Jacob A.; Razin, Assaf - 2021
In recent years the world economy has been subject to large and unsyncronized changes in fiscal policies, high and … builds on a two-country model of the world economy which is applied to the analysis of the transmission and effects of …
Persistent link: https://www.econbiz.de/10013225419
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Evaluation of Exchange-Rate, Capital Market, and Dollarization Regimes in the Presence of Sudden Stops
Razin, Assaf; Rubinstein, Yona - 2021
The literature has not being able to identify clear-cut real effects of exchange-rate regimes on output growth. Similarly, no definitive view emerges from the literature in regard to the effects of open capital markets on macroeconomic performance. The paper attributes the failure of the...
Persistent link: https://www.econbiz.de/10013225587
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Budget Deficits and Rates of Interest in the World Economy
Frenkel, Jacob A.; Razin, Assaf - 2021
This paper deals with the international transmission of the effects of budget deficits on world rates of interest and … spending. The model assumes a two-country world within which capital markets are integrated, individuals behave rationally, and … horizon was finite. This formulation generates asimple pattern of aggregate behavior of the two-country world, and it assures …
Persistent link: https://www.econbiz.de/10013240346
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Basic Concepts of International Taxation
Frenkel, Jacob A.; Razin, Assaf; Sadka, Efraim - 2021
Free movements of goods and capital across national borders have important implications for both direct and indirect taxation. The paper discusses the following issues: (a) The implications of different treatments of resident capital income originating abroad and nonresident capital income...
Persistent link: https://www.econbiz.de/10013243638
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International Migration and International Trade
Razin, Assaf; Sadka, Efraim - 2021
This paper surveys key developments in the theory of international migration and international trade, and provides a …
Persistent link: https://www.econbiz.de/10013218419
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Current Account Reversals and Currency Crises : Empirical Regularities
Milesi-Ferrett, Gian Maria - 2010
This paper studies sharp reductions in current account deficits and large exchange rate depreciations in low- and middle-income countries. It examines which factors help predict the occurrence of a reversal or a currency crisis, and how these events affect macroeconomic performance. It finds...
Persistent link: https://www.econbiz.de/10013137242