Economic policy in the international economy : Essays in honour of Assaf Razin

Contents;
List of Contributors;
Preface;
Part I. Financial Issues in Open Economies: Theory:
1. Crises: the next generation? Paul Krugman;
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.
Author Index;
Subject Index;