Assaf Razin Livres

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.

Exploring the complexities of financial crises, the book highlights both common patterns and unique triggers, such as asset bubbles and credit contractions. Assaf Razin reviews an emerging analytical paradigm that integrates these elements into a coherent framework, emphasizing its empirical testability. The work delves into the foundational theories of financial and monetary crises, providing a clear understanding of their interconnections within macroeconomic analysis. This study is essential for comprehending the dynamics of recent global financial turmoil.

Exploring the interplay between globalization, migration, and the welfare state, this book addresses the challenges posed by the pandemic on these dimensions. It highlights how the welfare state's effectiveness is influenced by global economic conditions and the income classes it serves. By examining real-world examples, particularly Israel as a model and the US and Europe as less effective, the author illustrates the complex relationships between these factors and their implications for policy-making in a changing economic landscape.