Curriculum Vitae

EDUCATION:

• Ph.D. in Economics, University of California at Berkeley, May  2009.  Dissertation Title: “Essays on Exchange Rate Regimes and Capital Account Liberalization”. Supervisor: Barry Eichengreen.

• M.A. in Statistics, University of California at Berkeley, May 2005.

• M.A. in Economics, El Colegio de México, 2000.  Dissertation Title: “Sources of Inflation in México: A Multicausal Error Correction Model Approach.” Supervisor: Gerardo Esquivel.

• B.A. in Economics, ITESM, 1997.

 EMPLOYMENT:

     Academic Appointments

• Associate Professor,   Department of Economics, Carleton University,  July 2016 to present

• Visiting Professor,   Department of Economics, Centro de Investigación y Docencia Economicas (CIDE),  January 2018 to July 2018

• Visiting Fellow,   Department of Economics, Universitat Autonoma de Barcelona,  August 2017 to December 2017

• Assistant Professor,   Department of Economics, Carleton University,  July 2009 to June 2016

• Lecturer in Economics,  Department of Economics, Carleton University,  July 2008 to June 2009

• Graduate Student Instructor,   Department of Economics, U.C. Berkeley, August 2005-May 2008       

• Research Assistant, Department of Economics, U.C. Berkeley, Barry Eichengreen, May 2005 to June 2007

• Graduate Student Instructor, Haas School of Business, U.C. Berkeley, August 2007-Dec 2008

• Graduate Student Instructor.  Department of Economics, El Colegio de México, September 1999-Jan 2000

Non-Academic Appointments

• • Analyst.     Research Division, Banco de México,  October 2000 to July 2002

PUBLICATIONS:

• • Lopez-Suarez, Carlos and Razo-Garcia, Raul  (2016) “Speculative Attacks in a Two-Peg Model”, Journal of International Money and Finance, Vol. 70(c), pp 234-256, February.

•  Eichengreen, Barry J. and Razo-Garcia, Raul (2012) “How Reliable are De Facto Exchange Rate Regime Classifications?” International Journal of Finance and Economics, 18: 216–239 (also NBER Working Paper. No. 17318)

• Joyce, Joseph and Razo-Garcia, Raul (2011) “Reserves, Quotas and the Demand for International Liquidity.”  The Review of International Organizations, Vol. 6, No. 3-4, pp. 393-413,                        September.

• Razo-Garcia, Raul (2010). “Estimating the Effect of Exchange Rate Flexibility on the Financial Account Openness.”, in W. Greene (editor), Advances in Econometrics: Maximum Simulated Likelihood Methods and Applications, 26.

•  Eichengreen, Barry J. and Razo-Garcia, Raul (2006) "The international monetary system in the last and next 20 years" . Economic Policy, Vol. 21, Issue 47, pp. 393-442, July.

•  Esquivel, Gerardo and  Razo-Garcia, Raul (2003). “Sources of Inflation in Mexico: A Multicausal Error Correction Model Approach ”, Estudios Economicos, Jul-Dic 2003 (in Spanish).

TEXTBOOK:

• Macroeconomics, with Rudiger Dornbusch, Stanley Fischer, Richard Startz, and Gordon Lenjosek. McGraw Hill, 2024 (9th Canadian Edition).

WORK IN PROGRESS:

• “The Welfare and Distributional Consequences of Corporate Tax Cuts in Open Economies “ with  Mamoon Kader, Hashmat Khan, and Minjoon Lee.  Resubmitted to the Journal of Money, Credit and Banking. 

• “The Duration of Intermediate Exchange Rate Regimes and Capital Controls”, Revision requested by International Finance.

• “Investors' Strategic Behavior:  What Peg Should They Attack First” with Carlos Lopez, Submitted.

• “International Reserves in Emerging Markets: Is There Any Neighbor Effect?

• “On the (In)Stability of Exchange Rate Regimes”

• “Foreign Fundamentals and the Probability of a Domestic Financial Crisis”

• "Exchange Rate Regimes: Words vs deeds revisited”

 CERTIFICATIONS  AND TRAINING:

• • University Teaching Certificate, Carleton University, Summer 2010.

  • Barcelona Macroeconomics Summer School, Summer 2011: An Introduction to the New Keynesian Framework with Applications to Monetary Policy; Solution and Estimation of DSGE Models.

  • Barcelona LeeX Experimental Economics Summer School in Macroeconomics      (Summer 2012).

  • Grant Writing Program, Faculty of Public Affairs, May 2013.

  • Online-Financial Markets Certificate (Yale University), April 2014.

  •  Macroeconomics Summer Courses. Solving and estimating DSGE models (London School of Economics), August 2015

PROFESSIONAL SERVICE:

• • Referee Experience: Advances in Econometrics, Canadian Journal of Economics,  Economía  Mexicana, Economic Modelling, International Finance, Journal of International Money and Finance, International Review of Economics and Finance, Journal of the Asia Pacific Economy,  Latin American Economic Review, Studies in Nonlinear Economics, and Trimestre Económico . 

  • Judging Activity: Euro Challenge Canada Competition 2023 (semi-final Judge).

 FELLOWSHIPS AND AWARDS:

• •  2022 Economics Department’s Teaching Award: $2,000.

  •  2022 Faculty of Public Affairs Research Engagement Grant: $3,000.

  • 2019-2021 SSHRC-Insight Development Grant (Co-applicant): $55,290. Title: “Winners and Losers from the Tax Cuts and Jobs Act: A Quantitative Evaluation with an Open-Economy Heterogeneous Household Model.” (with Minjoon Lee and Hashmat Khan)

  • 2019 Faculty of Public Affairs Teaching Development Fund: $3,000.

  • 2016 FPA Research Productivity Bursary Grant: $ 1,850 2013-2018 

  • Member of the Mexican National Research System (SNI). Level Candidate. 

  • 2016 Mitacs Globalink Research Internship Award.   $5,000 to support the intern’s travel costs and accommodation. Title: “Exchange Rates, International Reserves and Prices.”

  • 2013-2015 SSHRC-Insight Development Grant (Principal Investigator): $53,800.  Title: “Exchange Rate Regimes, Financial Openness and Currency Crises”.

  • 2013 Mitacs Globalink Research Internship Award.   $5,000 to support the intern’s travel costs and accommodation. Title: “Exchange Rates, International Reserves and Prices.”

  • 2010 Grant for Curricular Development (Center for European Studies Carleton University): $2000.  Title: “Macroeconomic Policy in the Euro Area“.

  • 2002-2008 Conacyt-UCMexus Scholarship. Tuition and stipend PhD Program.

  • 2002-2005 Fulbright Scholarship: Stipend PhD Program.

  • 1998-2000 Conacyt Excellence Fellowship: Stipend Masters Program.