|Present||Research Economist, Bank of Israel|
Monetary economics, Macroeconomics, Finance, and DSGE models
|September 2006 - March 2014||PhD, PhD Student, ESSEC Business School ‐ Economics Department|
|September 2006 - December 2011||PhD, PhD Student, University Paris I ‐ Economics Department|
Bank of Israel
91007 Jerusalem, Israel
Time-varying money demand and real balance effects Economic Modelling (2020)
This paper presents an analysis of the stimulants and consequences of money demand dynamics. By assuming that household's money holdings and consumption preferences are not separable, we demonstrate that the interest-elasticity of demand for money ...
Central bank losses and monetary policy rules: a DSGE investigation International Review of Economics & Finance (2019)
Central banks' monetary policy rules being consistent with policy objectives are a fundamental of applied monetary economics. We seek to determine, first, which of the central bank's rules are most in line with the historical ...
Money and monetary policy in the Eurozone: an empirical analysis during crises Macroeconomic Dynamics (2017)
This paper analyses the role of money and monetary policy as well as the forecasting performance of New Keynesian dynamic stochastic general equilibrium (DSGE) models with and without separability between consumption and money. The study ...
Money and monetary policy in Israel during the last decade Journal of Policy Modeling (2016)
This study examines how money and monetary policy have influenced output and inflation during the past decade in Israel by comparing two New Keynesian DSGE models. One is a baseline separable model (Gali, 2008) and ...
Money in the production function: a New Keynesian DSGE perspective Southern Economic Journal (2015)
This article checks whether money is an omitted variable in the production process by proposing a microfounded New Keynesian Dynamic Stochastic General Equilibrium (DSGE) model. In this framework, real money balances enter the production function, ...
Money and risk in a DSGE framework: a Bayesian application to the Eurozone Journal of Macroeconomics (2012)
We present and test a model of the Eurozone, with a special emphasis on the role of risk aversion and money. The model follows the New Keynesian DSGE framework, money being introduced in the utility ...