Publications

 

 

Papers in International Journals

 

  1. (with Momi Dahan), “Biased Policy and Political Behavior: The Case of Uneven Removal of Elected Mayors in Israel”, Politics & Policy, (2018) 46(1): 84-109.

 

  1. (with Momi Dahan and Esteban F. Klor),  "Is Centralization a Solution to the Soft Budget Constraint Problem?" European Journal of Political Economy, Vol. 45, December (2016) , 57-75.

 

  1. (with M. Dahan), Constitutional Commitment to Social Security and Welfare Policy, Review of Law and Economics, 2016; 12(1), 165–201.

 

  1. (with Momi Dahan and Esteban F. Klor), "Does Campaign Spending Affect Electoral Outcomes?",  Electoral Studies, Vol. 40, December  (2015) , 102-114.

 

  1. (with Momi Dahan), "The Regulation of Political Finance and Corruption", Election  Law Journal, Volume 14, Number 3 ( 2015).

 

  1. (with Dahan, Geys and Klor) The Impact of the Economic Costs of Conflict on Individuals' Political Attitudes, Peace Economics, Peace Science and Public Policy, Vol 18, Issue 2, (2012) Article 4.

 

  1. Conflicts, Interest Groups and Politics in Structural Reforms, The Journal of Law and Economics, Vol. 54, No. 4 (November 2011), pp. 937-952.

 

  1. (with M. Dahan), Social Identity and Voting Behavior, Public Choice,  Volume 151, Issue 1 (2012), Page 193-214.

 

  1. (with M. Dahan), Social Rights in the Constitution and in Practice, Journal of Comparative Economics, 36 (2008) 103-119.

     This article has been reprinted in Design of Constitutions edited by Stefan Voigt,

     Economic Approaches to Law Series, Edward Elgar Pub (February 28, 2013)

     Contributors include: B. Ackerman, A. Alesina, R. Congleton, T. Ginsburg,

     D. Mueller, T. Persson, D. Rubinfeld, G. Tabellini, B. Weingast.

 

 

  1. "The Obstacle Course to a Market Economy in Israel", in Ben-Bassat, The Israeli   Economy, 1985-1998: From Government Intervention to Market Economics, MIT  PRESS, 2002.

 

 

 

  1. “The Inflation Target in Israel: Policy and Development,” in A.G.Haldane (ed.) Targeting Inflation, Bank of England, 1995, pp. 15-48.

 

  1. (with D. Gottlieb), "A Note on the Effect of Opportunity Cost on International Reserves and Reserve Holdings," The Review of Economics and Statistics, 74 (May 1992), pp. 329-332.

 

  1. (with D. Gottlieb), "Optimal International Reserves and Sovereign Risk," Journal of International Economics 33 (1992), pp. 345-362.

 

 

  1. "Reserve Currency Diversification and the Substitution Account," Princeton Studies in International Finance No. 53, Princeton: Princeton University, 1984.

 

  1. "The Optimal Composition of Foreign Exchange Reserves," Journal of International Economics 10 (May 1980), pp. 289-295.

 

Books

 

 

  1. "The Revolution of Israel's Capital Market: 1985-2018", Magnes Press, The Hebrew University, Jerusalem, 2020, 478 p. (Hebrew).

 

  1. (with Momi Dahan), “Reforms, Politics and Corruption”, The Israel Democracy Institute, 2014, 187p (Hebrew).

 

  1. (with M. Dahan and E. Klor), Representativeness and Efficiency in Local  Government, The Israel Democracy Institute, 2013, 143p (Hebrew).

 

  1. (with Others), Future Borders between Israel and the Palestinians Authority, Principles, Scenarios and Recommendations, The Shasha Center for Strategic Studies, The Hebrew University, Jerusalem, 2011, 86p

 

  1. (with Momi Dahan), “The Balance of Powers in The Budgetary Process”, The Israel Democracy Institute, 2007, 212p (Hebrew).

 

  1. (with Momi Dahan) "Social  Rights in the Constitution and Economic Policy", The Israel Democracy Institute, 2004,128p (Hebrew).

 

  1. "Managing Foreign Exchange Reserves: The Israeli Experience," Bank of Israel Research Department, 1979, 128 p. (Hebrew).

 

  1. "Capital Stock and Industrial Investment Behavior, 1955-1968," Bank of Israel Research Department, 1972, 110 p. (Hebrew).

 

 

Edited Books

 

 

  1. (with Reuben Grunao and Assaf Zussman The Israeli Economy, 1995-2017: Light and Shadow in a Market Economy. Cambridge University Press, 2021

 

  1. (with M. Dahan), The Political Economics of Local Government, The Israel Democracy Institute, 2009, (Hebrew).

 

  1. The Supervision of the Capital Market, The Israel Democracy Institute, 2007, 238p (Hebrew).

 

  1. The Israeli Economy, 1985-1998: From Governmemt Intervention To Market Economics" MIT  PRESS, 2002, 529 p.

 

  1.  “Human Resources, Physical Infrastructure and Economic Growth”, The Israel Democracy Institute, 1999, 334 p. (Hebrew).

 

  1. “Economic Growth Renewal”, The Israel Democracy Institute, 1998, 193 p. (Hebrew).

 

 

Chapters in Edited Books

 

 

  1. (with Reuben Grunao and Assaf Zussman : Light and Shadow in a Market Economy. Cambridge University Press, 2021, pp. 1-38

 

  1. (with Dror Strum), Economy, Society and Governance, in Arad, strum and Tadmor, Grand Strategy for the State of Israel – Reflections and Directions, Neaman Institute, Israel, 2017, pp. 249-388.

 

  1. (with M. Dahan), The Local Authorities Crisis – Efficiency versus  Representation, in Ben-Bassat and Dahan, The Political Economics of Local Government, The Israel Democracy Institute, 2009 (Hebrew).

 

  1. The Authorities and Independence of Capital Market Regulatory Authorities, in Ben-Bassat, The Supervision of the Capital Market, The Israel Democracy Institute, 2007, 238p (Hebrew).

 

  1. (with A. Blass) Alternative Capital Market Regulatory Structures: an International Perspective, in Ben-Bassat, The Supervision of the Capital Market, The Israel Democracy Institute, 2007, 238p (Hebrew).

 

  1. (with S. Blei) Conflicts of Interest in the Supervision Authorities on the Capital Market, in Ben-Bassat, The Supervision of the Capital Market, The Israel Democracy Institute, 2007, 238p (Hebrew).

 

  1. "The Income Tax Reform 2000", in Tax Reforms edited by David Glicksberg, Saker Institiute, Faculty of Law, The Hebrew University of Jerusalem, 2006 pp. 35-97. (Hebrew)

  

  1. (with others), Proposal for a Constitution by Consensus, The Israel Democracy Institute, 2005 (Hebrew).

 

  1. "Problems of Mutual Funds Management in Israel," in The Role, Regulation, and Operation of Investment Companies, proceedings of the OECD-CMB Conference, June 20-24, 1988, Ankara, Turkey.

 

Papers in Israeli Journals

 

  1. (with R. Melnik) Immigration and Growth in Israel 1990-1995: Plan versus Reality, The Economic Quarterly, Dec. 1998, pp.647-678 (Hebrew).

 

  1. “The Implications for the Nonfinancial and Financial Sector of Conglomerates Comprised of Banks and Nonfinancial Corporations.” Quarterly Banking Review (1996), pp. 74-87 (Hebrew).

 

  1. “Competition vis-à-vis Capital-Market Stability: the Uniqueness of the Israeli System,” Economic Quarterly 3 (1995), pp. 441-446 (Hebrew)

 

  1. “Can Israel Absorb Half a Million Immigrants in a Year?” Economic Quarterly 148 (1991), pp. 267-274. (Hebrew).

 

  1. “The Economic Absorption of Immigrants,” Economic Quarterly 147 (1991), pp. 353-358. (Hebrew).

 

  1. “Capital-Market Reform—Past Experience and Future Objectives,” Quarterly Banking Review 117, (1991), pp. 36-44 (Hebrew).

 

  1. “Against Government Intervention in the Capital Market,” Economic Quarterly 145 (1990), pp. 162-165. (Hebrew)

 

  1. "Capital Market Reform-Objectives and Initial Results," Bank of Israel Economic Review 65 (July 1990), pp. 43-57.

 

  1. (with A. Marom), "Is the Demand for Money in Israel Stable? (1965-1983)," Bank of Israel Economic Review 60 (January 1988), pp. 52-71.

 

  1. "The Ownership and Control of Banks," Quarterly Banking Review 101, (1987), pp. 71-80 (Hebrew).

 

  1. "An Evaluation of Israel's Reserve Portfolio Performance, 1972-76," Bank of Israel Economic Review 51 (May 1981), pp. 5-35.

 

  1. "An Optimum Portfolio for Israel's Foreign Currency Reserves," in Israel Economic Papers 1976. Edited by N. Halevi and Y. Kop, Jerusalem: Falk Institute and Israel Economic Association, 1976 (Hebrew).

 

  1. "Industrial Investment Behavior in Israel, 1955-68," Bank of Israel Economic Review 42 (January 1975), pp. 72-106.

 

  1. (with A. Bregman), "Capital Stock, Capital Output Ratios and Capital Intensity in Israeli Industry," Bank of Israel Economic Review 40, (September 1973), pp. 29-48.

 

  1.  (with others), "Investment and Induced Employment in the Development and Coastal Districts, 1963-67," Bank of Israel Economic Review 36, (December 1970), pp. 3-27.