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Anchor 1
Anchor 2

Matching Workers
(with Espen Moen)

Modernity, Religiosity, and Social Norms in Female Labor Supply

(with Oren Danieli)

The Dynamics of Human Capital and Labor Market Barriers

Shock Transmission and the Interaction of Financial and Hiring Frictions

(with Stephen Millard)

Invariance in Structural Models

(with Gadi Perets)

Labor Market Frictions in Production Networks

(with Brad Speigner)

Firm-Worker Matching and Shadow Labor and Capital Asset Values
(with Roy Cnaan)


Epidemiological Dynamics in the Economic Analysis of Pandemics. Submitted.
(with Yinon Bar-On, Tanya Baron, Ofer Cornfeld and Ron Milo)

A Simple Planning Problem for COVID-19 Lockdown, Testing and Tracing: Comment
(with Tanya Baron, Ofer Cornfeld)

Adaptive cyclic exit strategies from lockdown to suppress COVID-19 and allow economic activity
(with Omer Karin, Yinon M. Bar-On, Tomer Milo, Itay Katzir, Avi Mayo, Yael Korem, Avichai Tendler, Boaz Dudovich, Amos J. Zehavi, Nadav Davidovitch, Ron Milo, and Uri Alon) 
R and R at Nature: Scientific Reports

The Dynamics of the COVID 19 Epidemic in Israel and Its Economic Implications
R and R at the Economics Quarterly (in Hebrew)
(with Tanya Baron and Ofer Cornfeld)




The Importance of Hiring Frictions in Business Cycles

(with Renato Faccini)

Quantitative Economics  2022, 13, 1101–1143.

Online Appendix


Moving from a Poor Economy to a Rich One: Exploiting 'Laboratory-Type' Data

Labour Economics, October vol 72, 2021. Lead paper


The Arab Economy in Israel
(with Nitsa Kasir)

Chapter 16, in A. Ben-Bassat, R. Gronau, and A. Zussman (eds.)

The Israeli Economy, 1995-2017: Light and Shadow in a Market Economy

Cambridge University Press, Cambridge 2021, 495-523


Optimal Unemployment Benefits Policy and the Firm Productivity Distribution

(with Tomer Blumkin and Leif Danziger)

International Tax and Public Finance, 2017, 24, 36–59


Capital Values and Job Values

Review of Economic Dynamics, 2016, 19,190-209


The Israeli Banking System and Capital Market in Face of the Euro Crisis

Quarterly Banking Review 174, 11-16, 2013 (in Hebrew)


Arab Women in the Israeli Labor Market: Characteristics and Policy Proposals

(with Nitsa Kasir)

Israel Economic Review 2013, 10, 2, 1-41

Hebrew version: Employment Policy: The Case of Israeli Arab Women. Economics Quarterly, March/June 2011, vol. 1-2, 120-160


Patterns of Labor Force Participation Among Israeli Arabs

(with Nitsa Kasir)

Israel Economic Review Vol. 9, No. 1, 2011, 53–101
Hebrew version in The Bank of Israel Review, 84, 39-86, December 2010


U.S. Labor Market Dynamics Revisited

Scandinavian Journal of Economics

Special Issue on “Macroeconomic Fluctuations and the Labor Market,” 109 (4), 779–806, December 2007


Labor Search and Matching in Macroeconomics

European Economic Review, 51, 8, 1859-1895, November 2007. Lead paper


Labor and the Market Value of the Firm

(with Monika Merz)

American Economic Review, 97, 4, 1419-1431, September 2007


Evaluating the Performance of the Search and Matching Model

European Economic Review, 50, 909-936, May 2006

Longer version reprinted in:

Chapter 20, H. Bunzel, B.J. Christensen, G.R. Neumann, and J.M. Robin (eds.)

Structural Models of Wage and Employment Dynamics, Elsevier, North Holland, 2006, 511-544


Share Prices and the Value of Workers

Bank of England Quarterly Bulletin, Winter 2005, Vol. 45, 4, 452-461


Macroeconomic Policy Lessons of Labor Market Frictions

European Economic Review, 48, 259-284, April 2004


The Determinants of Equilibrium Unemployment

American Economic Review, 90 (5), 1297-1322, December 2000


Israeli Unemployment: The Effects of Policy

Economics Quarterly, 3, 418-430, October 2000 (in Hebrew)


Hiring As Investment Behavior

Review of Economic Dynamics, 3, 486-522, July 2000


The Palestinian Labor Market: Occupational and Locational Choices

Economics Quarterly 1, 129-145, March 2000 (in Hebrew)


Capital Controls Policy: An Intertemporal Perspective

Journal of Economic Dynamics and Control, 22(2) 219-245, February 1998


Capital Controls as Taxation Policy

International Tax and Public Finance, 4, 263-276, July 1997


The Beveridge Curve in the Israeli Economy: A Tool for Analyzing the Determinants of Unemployment

Economics Quarterly 1, 21-32 April 1996 (in Hebrew)


Money Demand in a High Inflation Economy: the Case of Israel

The Review of Economics and Statistics, LXXVI, 1, 186-191, February 1994


Optimal Inflation and the Government Revenue Mix

Economics Letters, 731(2),151-154, December 1989


  1. A Plan to Stabilize the Palestinian Economy
    in A.Yadlin, U. Dekel, and K. Lavi
    A Strategic Framework for the Israeli - Palestinian Arena, Institute for National Security Studies 2018, 99-104

  2. The Crisis of the Gaza Strip; A Way Out
    (with Alon Rieger)
    The Gaza Economy, in Kurz, Dekel, and Berti (eds.)
    Tel Aviv: Institute for National Security Studies 2018 103-110

  3. The Syrian Economy: Current State and Future Scenarios
    (with Alon Rieger)
    Strategic Assessment 2017, 20, 1, 71-82

  4. The Strategic Effects of Developments in the Oil Markets on The Middle East
    (with Shmuel Even)
    in Anat Kurz and Shlomo Brom (eds.)
    Strategic Survey for Israel 2016-2017, Tel Aviv: Institute for National Security Studies, 2016, 47-58

  5. Key Challenges Facing the Israeli Economy and their Ramifications for National Security
    Strategic Assessment, 2016, 18, 4, 59-68

  6. The Internal Arena and National Security
    (with Meir Elran, Gilead Sher, and Carmit Padan)
    in Anat Kurz and Shlomo Brom (eds.)
    Strategic Survey for Israel 2015-2016, Tel Aviv: Institute for National Security Studies, 2016, 103-112

   7. The Labour Market of Israeli Arabs: Key Features and Policy Solutions                                                     

       CEPR Policy Insight no. 78, February 2015.

   8. Developments in the National Economy and the Implications for National Security 

       in Anat Kurz and Shlomo Brom (eds.)

       Strategic Survey for Israel 2014-2015, Institute for National Security Studies, 2015, 161-168

   9. Operation Protective Edge: An Economic Summary
       in S. Brom and A. Kurz (eds)
       The Lessons of Operation Protective Edge, Institute for National Security Studies, November 2013, 143-150

 10. The Macro Perspective

       in D. Ben David (ed.)

       State of the Nation Report – Society, Economy and Policy 2012, Taub Center for Social Policy Studies in                   Israel, 2013

 11. Changes in Labor Survey Data and Their Meaning Force
       in D. Ben David (ed.)
       State of the Nation Report – Society, Economy and Policy 2012, Taub Center for Social Policy Studies in                   Israel, 2013, 221-225

 12. The Macro Perspective

       in D. Ben David (ed.)

       State of the Nation Report – Society, Economy and Policy 2011, Taub Center for Social Policy Studies in                   Israel, November 2012

 13. Labor Relations in the MENA Region: More Integration Towards a Brighter Future
       (with Maysa Abu Awad and Tanya Baron)
       in A. Arnon and S. Bamya (eds)
       API, Aix Group Report, 2012

 14. Israeli Arabs in the Labor Market
       Van Leer Institute, 2012, Jerusalem (in Hebrew)

 15. The Macro Perspective

       in D. Ben David (ed.)

       State of the Nation Report – Society, Economy and Policy 2010, Taub Center for Social Policy Studies in                   Israel, December  2011

 16. A New Public Agenda for Israel
       editor and co-author, Taub Center for Social Policy Studies in Israel, August 2011

 17. Macroeconomic Policy in Times of Crisis
       Proceedings of the 17th Annual Economic Conference, The Israel Democracy Institute, 2009 (in Hebrew)

 18. The Beveridge Curve
       in: L. Blume and S. N. Durlauf (eds)
       The New Palgrave Dictionary of Economics, 2nd edition, 2008

 19. TEXTBOOK: International Monetary Economics, part II
       The Open University, Tel Aviv, 2006 (in Hebrew)

 20. The Israeli and Palestinian Labor Markets
       in: S. Shamir (ed.)
       Academic Studies on Regional Cooperation, Ramot - Tel Aviv University Press 2005, pp. 9-30 (in Hebrew)

 21. Foreign Workers, Chapter 4
       in: Reuben Gronau (ed.)
       Globalization: The Israeli Economy in the Shadow of World Economy Processes, Proceedings of the 10th                 Annual Economic Conference, The Israel Democracy Institute, 2003, pp. 79-88 (in Hebrew)

 22. New Populations in the Labor Market: Orthodox Jews and Arabs, Chapter 3
       in: Reuben Gronau (ed.)
       Strategy for Economic Growth in Israel, Proceedings of the 9th Annual Economic Conference, The Israel                 Democracy Institute, 2002, pp. 79-100 (in Hebrew)

 23. TEXTBOOK: International Monetary Economics, part I
       The Open University, first edition 2000, second printing 2003 (in Hebrew)

 Palestinian Workers in Israel: Patterns of Employment
in: Dilek Cinar, August Gächter, and Harald Waldrauch, eds.,
Irregular Migration: Dynamics, Impact, Policy Options. Eurosocial No. 67/00, Vienna, European Centre for Social Welfare Policy and Research, 2000, 129-140

The Macroeconomic Effects of Financial Innovation: The Case of Israel, Chapter 8
(with Rafi Melnick)
in: M. Blejer, Z.Eckstein, Z. Hercowitz and L. Leiderman (eds.)
Financial Factors in Economic Stabilization and Growth, Cambridge University Press, 1996, pp. 220-250

The Determinants of High Unemployment in Israel and Possible Solutions
in: Batya Harari and Efraim Tamari (eds.)
The Labor Market in Israel, Ministry of Economics, Jerusalem, 1993, pp.79-100 (in Hebrew)



Discussion of “Capital controls and capital account liberalization in industrial countries,” by D.J. Mathieson and L. Rojas-Suarez

in: L.Leiderman and A. Razin (eds.)

Capital mobility: The impact on consumption, investment and growth, Cambridge University Press, 1994, pp. 347-350

Discussion of “The Breakout of the Finanical Crisis in East Asia“ by S. Radelet and J. Sachs
Economics Quarterly 2/98, 267 (in Hebrew)​​


Explaining the Time Path of Unemployment: the Differential Role of Growth, Business Cycles, Search Intensity, and Labor Supply Factors

mimeo, March 1995.

On Reputation Formation in Monetary Policy

The Foerder Institute of Economic Research, Tel Aviv University, WP. no 3-93, January 1993.

Inflation and the Role of Money Under Discretion and Rules: A New Interpretation 

Working Paper No. 8-89, PSIE, MIT, November 1989.

The Dynamics of Israeli Inflation 1978-1985 

Discussion Paper No 88.05 (in Hebrew), The Falk Institute of Economic Research, June 1988.

Monetary and Exchange Rate Policy in a Portfolio Model of the Israeli Economy 

Discussion Paper No 87.07, The Falk Institute of Economic Research, December 1987.​


  • Why is the rate of unemployment so high? Haaretz 11/92

  • Is there a way out of the unemployment problem? Haaretz 7/4/93

  • The ultra-orthodox and the labor market, Haaretz 5/7/2001

  • Wall Street vs. Ahad Haam: A Decade's Perspective, Haaretz 17/2/2002

  • A disaster foretold, Haaretz 1/5/2002

  • Not a way to run a country, Haaretz 8/12/2002

  • Anatomy of an (almost) inevitable crisis, Haaretz 24/4/2003

  • Private attorneys in the service of the state, Haaretz 15/4/2008

  • The near impossibility of a Mideast peace, International Herald Tribune, 6/5/2008

  • When will a politician behave differently? Haaretz 18/9/2008

  • Using the Crisis for Structural Changes, Haaretz-The Marker 3/3/09

  • A Revolution in the Construction Industry, Haaretz-The Marker 12/5/09

  • Don’t Be Wrong: Israel is in a Bad State, Haaretz-The Marker 16/6/09

  • Change the Budgeting Process from the Foundations, Haaretz-The Marker 24/6/09

  • How Will The Israeli Economy Look Like with 40% Arabs and Ultra-Orthodox? Haaretz-The Marker 30/7/09

  • The Real Importance of the New Bank of Israel Law, Haaretz-The Marker 28/10/09

  • Cheap on Negative Income Tax, Haaretz-The Marker 16/2/10

  • Competition of the Weak Workers, Haaretz-The Marker 13/7/10

  • Deport the Middlemen, Not the Children, Haaretz-The Marker 21/7/10

  • Obstacles to the Nordic Model in Israel: a Torn Society and Non-Participating Groups, Haaretz-The Marker 25/12/11

  • Bi-annual? Multi-annual! Globes 16/7/2012

  • Preventing Another Financial Crisis, Haaretz-The Marker 19/7/2012

  • Putting Out the Fire, Not Planned Policy, Globes 30/7/2012

  • Zero Flexibility, Globes 12/8/2012

  • Israeli Mentality Makes Reforms Fail, Haaretz-The Marker 22/8/2012

  • The Vicious Circles of Low Productivity and Poverty, Globes 9/9/2012

  • The Forecast: Obama and Bibi, Haaretz 12/10/2012

  • Solution Without Resolution, International Herald Tribune, 23/11/2012

  • A Bad Vicious Circle, Haaretz 14/12/2012

  • Where Did the Left Vanish?, Haaretz 17/12/2012     

  • Give outside experts say in budget Haaretz 29/4/2013

  • Ay Ay Ay iPhone Haaretz 22/12/2013

  • Unemployment is at a low. So what? The Marker Magazine May 2014

  • The Strength in Rebuilding, Haaretz 7/8/2014

  • The True Victory is National Resilience (joint with Meir Elran), The Marker 17/8/2014

  • Demography Bears the Guilt, Haaretz 22/2/2015

  • The States of Dan and Judea, Haaretz 1/11/2015

  • Sensitivity and Non-Transparency (joint with Meir Elran), Globes 9-10/11/2015

  • The Neymar Bubble, Vox CEPR Policy Portal 8/10/2017

  • Cannot Trust the Culture of “It will Be OK” (joint with Meir Elran), The Marker 25/9/2017

  • The value of top footballers, bubbles, and pitfalls of the free market, CEPR Vox 7/10/2017

  • A practical solution to the crisis in Gaza, Haaretz 6/6/2018

  • Time for a Helicopter Drop, Haaretz 24/3/2020

  • Breaking the Taboo: The Political Economy of COVID-motivated Helicopter Drops, Vox CEPR Policy Portal 26/3/2020

  • How to Re-Open Society More Quickly, Financial Times 21/4/2020

  • Exploiting a Coronavirus Weak Spot for an Exit Strategy (joint with Uri Alon), Vox CEPR EU Policy Portal 27/4/2020

  • 10-4: How to reopen the Economy by Exploiting the Coronavirus’s Weak Spot (joint with Uri Alon and Ron Milo), New York Times 11/5//2020

  • Caveats for Economists: Erroneous modelling of the scale and dynamics of COVID 19 (joint with Yinon Bar-On, Ofer Cornfeld, Tatiana Baron, and Ron Milo), Vox CEPR EU Policy Portal 4/7/2020

  • A Cyclical Strategy to Manage COVID 19, Save Lives and Avoid Economic Ruin, LSE Business Review 3/11/2020

  • The COVID Crisis: Where Did the Government Err? (joint with Ofer Cornfeld), Globes 21/2/2021

  • Need to  get rid of Netanyahu and  Heal the State, Haaretz 10/3/2021

  • Exit Plan from The COVID 19 Crisis, Globes 23/3/2021

  • The Budget: from Neglect to Revolution, N12 4/8/2021

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