Alex Cukierman

Tel Aviv University - Eitan Berglas School of Economics

P.O. Box 39040

Ramat Aviv, Tel Aviv, 69978

Israel

Reichman University - Interdisciplinary Center (IDC) Herzliyah

P.O. Box 167

Herzliya, 4610101

Israel

http://www.tau.ac.il/~alexcuk/

Centre for Economic Policy Research (CEPR)

Fellow

London

United Kingdom

  • Tel Aviv University - Eitan Berglas School of Economics

    • Email
    • Tel: +972 3 540 5360
    • Fax: +972 3 640 9908

  • Reichman University - Interdisciplinary Center (IDC) Herzliyah

SCHOLARLY PAPERS

44

DOWNLOADS
Rank 23,630

SSRN RANKINGS

Top 23,630

in Total Papers Downloads

3,813

SSRN CITATIONS
Rank 2,374

SSRN RANKINGS

Top 2,374

in Total Papers Citations

135

CROSSREF CITATIONS

559

Scholarly Papers (44)

Actions:
Email selected abstracts
1.

Monetary Policy and Institutions Before, During, and after the Global Financial Crisis

Paolo Baffi Centre Research Paper No. 2012-115
Number of pages: 45 Posted: 23 Jul 2012
Alex Cukierman
Tel Aviv University - Eitan Berglas School of Economics
Downloads 954 (42,655)
Citation 17

Abstract:

Loading...

Monetary policy and institutions, global financial crisis, inflation and exit policies in the US and the Eurozone, banking credit and reserves, bailout uncertainty

2.

Bailout Uncertainty in a Microfounded General Equilibrium Model of the Financial System

Downloads 692 (65,791)
Citation 9

Bailout Uncertainty in a Microfounded General Equilibrium Model of the Financial System

NYU Working Paper
Number of pages: 51 Posted: 15 Oct 2011
Alex Cukierman and Yehuda (Yud) Izhakian
Tel Aviv University - Eitan Berglas School of Economics and City University of New York, Baruch College - Zicklin School of Business - Department of Economics and Finance
Downloads 350 (147,928)

Abstract:

Loading...

risk, uncertainty, lehman’s default, leverage, financial intermediaries, bailouts, duration mismatches

Bailout Uncertainty in a Microfounded General Equilibrium Model of the Financial System

Paolo Baffi Centre Research Paper No. 2011-104
Number of pages: 52 Posted: 20 Jul 2011
Alex Cukierman and Yehuda (Yud) Izhakian
Tel Aviv University - Eitan Berglas School of Economics and City University of New York, Baruch College - Zicklin School of Business - Department of Economics and Finance
Downloads 341 (152,107)
Citation 6

Abstract:

Loading...

Risk, Uncertainty, Lehman’s default, Leverage, Financial intermediaries, Bailouts, Duration mismatches

Bailout Uncertainty in a Microfounded General Equilibrium Model of the Financial System

CEPR Discussion Paper No. DP8453
Number of pages: 54 Posted: 20 Jul 2011
Alex Cukierman and Yehuda (Yud) Izhakian
Tel Aviv University - Eitan Berglas School of Economics and City University of New York, Baruch College - Zicklin School of Business - Department of Economics and Finance
Downloads 1 (1,096,556)
Citation 2
  • Add to Cart

Abstract:

Loading...

Ambiguity Aversion, Bailouts, Duration mismatches, Financial intermediaries, Lehman's Collapse, Leverage, Risk, Uncertainty

3.

The Choice of Exchange Rate Regime and Speculative Attacks

Downloads 369 (140,582)
Citation 6

The Choice of Exchange Rate Regime and Speculative Attacks

Number of pages: 43 Posted: 01 Mar 2002
Alex Cukierman, Itay Goldstein and Yossi Spiegel
Tel Aviv University - Eitan Berglas School of Economics, University of Pennsylvania - The Wharton School - Finance Department and Tel Aviv University, Coller School of Management
Downloads 346 (149,742)
Citation 1

Abstract:

Loading...

The Choice of Exchange Rate Regime and Speculative Attacks

CEPR Discussion Paper No. 3714
Number of pages: 51 Posted: 11 Feb 2003
Alex Cukierman, Itay Goldstein and Yossi Spiegel
Tel Aviv University - Eitan Berglas School of Economics, University of Pennsylvania - The Wharton School - Finance Department and Tel Aviv University, Coller School of Management
Downloads 23 (884,601)
  • Add to Cart

Abstract:

Loading...

Currency crises, choice of exchange rate regime, speculators, Tobin tax, global games, reputation

4.

Reflections on the Crisis and on Its Lessons for Regulatory Reform and for Central Bank Policies

Paolo Baffi Centre Research Paper No. 2009-56
Number of pages: 30 Posted: 03 Aug 2009 Last Revised: 23 Sep 2009
Alex Cukierman
Tel Aviv University - Eitan Berglas School of Economics
Downloads 349 (149,424)
Citation 7

Abstract:

Loading...

Q

5.

The Choice of Exchange Rate Bands: Balancing Credibility and Flexibility

Number of pages: 45 Posted: 10 Nov 1999
Alex Cukierman, Miguel A. Kiguel, Leonardo Leiderman and Yossi Spiegel
Tel Aviv University - Eitan Berglas School of Economics, Independent, Tel Aviv University - Eitan Berglas School of Economics and Tel Aviv University, Coller School of Management
Downloads 204 (256,088)
Citation 2

Abstract:

Loading...

6.

When is the Direct Democracy Paradigm a Reasonable Guide for Policy Choices in a Representative Democracy?

Number of pages: 51 Posted: 19 Aug 2000
Yossi Spiegel and Alex Cukierman
Tel Aviv University, Coller School of Management and Tel Aviv University - Eitan Berglas School of Economics
Downloads 200 (260,727)

Abstract:

Loading...

Direct Democracy, Representative Democracy, Median Voter, Policy Bias, Political Uncertainty

7.

Monetary Institutions, Monopolistic Competition, Unionized Labor Markets and Economic Performance

University of Siena, Department of Economics Working Paper
Number of pages: 44 Posted: 24 Mar 2000
Fabrizio Coricelli, Alex Cukierman and Alberto Dalmazzo
University of Siena - Department of Political and International Sciences, Tel Aviv University - Eitan Berglas School of Economics and University of Siena - Department of Economics
Downloads 152 (330,721)
Citation 11

Abstract:

Loading...

8.

Endogenous Monetary Policy with Unobserved Potential Output

Downloads 150 (334,332)
Citation 86

Endogenous Monetary Policy with Unobserved Potential Output

CEIS Tor Vergata - Research Paper Series No. 26
Number of pages: 44 Posted: 25 Jul 2003
Alex Cukierman and Francesco Lippi
Tel Aviv University - Eitan Berglas School of Economics and LUISS university
Downloads 132 (370,675)
Citation 8

Abstract:

Loading...

monetary policy, potential output, filtering, inflation, output gap

Endogenous Monetary Policy with Unobserved Potential Output

CEPR Discussion Paper No. 3763
Number of pages: 46 Posted: 18 Mar 2003
Alex Cukierman and Francesco Lippi
Tel Aviv University - Eitan Berglas School of Economics and LUISS university
Downloads 18 (934,783)
Citation 2
  • Add to Cart

Abstract:

Loading...

Monetary policy, potential output, filtering, inflation, output gap

9.

Do Central Banks Have Precautionary Demands for Expansions and for Price Stability? - Theory and Evidence

CESifo Working Paper Series No. 764
Number of pages: 39 Posted: 06 Nov 2002
Alex Cukierman and Anton Muscatelli
Tel Aviv University - Eitan Berglas School of Economics and University of Glasgow - Department of Economics
Downloads 139 (355,217)

Abstract:

Loading...

10.

The Limits of Transparency

Downloads 138 (357,192)
Citation 20

The Limits of Transparency

Paolo Baffi Centre Research Paper No. 2008-31
Number of pages: 52 Posted: 15 Oct 2008
Alex Cukierman
Tel Aviv University - Eitan Berglas School of Economics
Downloads 134 (368,540)
Citation 8

Abstract:

Loading...

The Limits of Transparency

CEPR Discussion Paper No. DP6475
Number of pages: 49 Posted: 30 May 2008
Alex Cukierman
Tel Aviv University - Eitan Berglas School of Economics
Downloads 4 (1,072,230)
Citation 10
  • Add to Cart

Abstract:

Loading...

monetary policy, Transparency - actual and desirable

11.

Seigniorage and Political Instability

NBER Working Paper No. w3199
Number of pages: 54 Posted: 29 Jun 2004 Last Revised: 30 Sep 2022
Alex Cukierman, Sebastian Edwards and Guido Tabellini
Tel Aviv University - Eitan Berglas School of Economics, University of California, Los Angeles (UCLA) - Global Economics and Management (GEM) Area and Bocconi University - Department of Economics
Downloads 108 (428,779)
Citation 13

Abstract:

Loading...

12.

The Politics of Ambiguity

NBER Working Paper No. w2468
Number of pages: 31 Posted: 16 Jul 2004 Last Revised: 01 Oct 2022
Alberto F. Alesina and Alex Cukierman
Harvard University - Department of Economics and Tel Aviv University - Eitan Berglas School of Economics
Downloads 49 (667,031)
Citation 10

Abstract:

Loading...

13.

Are Contemporary Central Banks Transparent About Economic Models and Objectives and What Difference Does it Make?

Bundesbank Series 1 Discussion Paper No. 2001,05
Number of pages: 50 Posted: 08 Jun 2016
Alex Cukierman
Tel Aviv University - Eitan Berglas School of Economics
Downloads 42 (710,568)

Abstract:

Loading...

14.

Keynesian Economics, Monetary Policy and the Business Cycle - New and Old

CEPR Discussion Paper No. 5284
Number of pages: 43 Posted: 18 Nov 2005
Alex Cukierman
Tel Aviv University - Eitan Berglas School of Economics
Downloads 37 (745,111)
  • Add to Cart

Abstract:

Loading...

Relative variability of actual and potential output under flexible versus sticky prices and wages, welfare ranking of sticky versus flexible prices and wages under monopolistic competition

15.

The Inflation Bias Revisited: Theory and Some International Evidence

CEPR Discussion Paper No. 3761
Number of pages: 30 Posted: 14 Mar 2003
Alex Cukierman and Stefan Gerlach
Tel Aviv University - Eitan Berglas School of Economics and Central Bank of Ireland
Downloads 31 (790,164)
Citation 3
  • Add to Cart

Abstract:

Loading...

Inflation bias, Kydland-Prescott, Carro-Gordon

16.

Bailout Uncertainty in a Microfounded General Equilibriummodelofthefinancial System

NYU Working Paper No. 2451/30271
Number of pages: 51 Posted: 10 Sep 2013
Alex Cukierman and Yehuda (Yud) Izhakian
Tel Aviv University - Eitan Berglas School of Economics and City University of New York, Baruch College - Zicklin School of Business - Department of Economics and Finance
Downloads 29 (806,124)

Abstract:

Loading...

risk, uncertainty, lehman’s default, leverage, financial intermediaries, bailouts, duration mismatches

17.

Should the Bank of Israel Have a Growth Target? What are the Issues?

Israel Economic Review, Vol. 4, No. 2, pp. 1-18, 2006
Number of pages: 18 Posted: 21 Nov 2012
Alex Cukierman
Tel Aviv University - Eitan Berglas School of Economics
Downloads 29 (806,124)

Abstract:

Loading...

18.

Fiscal-Monetary Policy Interactions in the Presence of Unionized Labor Markets

CEPR Discussion Paper No. 5282
Number of pages: 37 Posted: 18 Nov 2005
Alex Cukierman and Alberto Dalmazzo
Tel Aviv University - Eitan Berglas School of Economics and University of Siena - Department of Economics
Downloads 23 (857,307)
  • Add to Cart

Abstract:

Loading...

Central bank conservativeness, collective wage bargaining, competitiveness, inflation, labor taxes, redistribution, unemployment, unemployment benefits

19.

Central Bank Reform, Liberalization and Inflation in Transition Economies - an International Perspective

CEPR Discussion Paper No. 2808
Number of pages: 39 Posted: 30 May 2001
Alex Cukierman, Geoffrey P. Miller and Bilin Neyapti
Tel Aviv University - Eitan Berglas School of Economics, New York University School of Law and Bilkent University - Department of Economics
Downloads 21 (875,829)
Citation 4
  • Add to Cart

Abstract:

Loading...

Central banks, inflation, legal independence, reform, transition economies

20.

Economic Performance and Stabilization Policy in a Monetary Union with Imperfect Labour and Goods Markets

CEPR Discussion Paper No. 2745
Number of pages: 46 Posted: 17 Apr 2001
Fabrizio Coricelli, Alex Cukierman and Alberto Dalmazzo
University of Siena - Department of Political and International Sciences, Tel Aviv University - Eitan Berglas School of Economics and University of Siena - Department of Economics
Downloads 19 (894,761)
  • Add to Cart

Abstract:

Loading...

Central bank conservativeness, monetary union, monopolistic competition, shocks, stabilization, stabilization policy, wage bargaining

21.

Legal, Actual and Desirable Independence: A Case Study of the Bank of Israel

CEPR Discussion Paper No. 4906
Number of pages: 56 Posted: 02 Jun 2005
Alex Cukierman
Tel Aviv University - Eitan Berglas School of Economics
Downloads 18 (904,471)
  • Add to Cart

Abstract:

Loading...

Independence-legal and actual, monetary institutions and policy, central banks, Israel

22.

Book Review of 'Monetary Policy in a Period of Price Stability', Edited by Amir Yaron and Michel Strawczynski

Israel Economic Review, Vol. 21, No. 1
Number of pages: 10 Posted: 15 Jun 2023
Alex Cukierman
Tel Aviv University - Eitan Berglas School of Economics
Downloads 12 (963,651)

Abstract:

Loading...

23.

Wars, Redistribution and Civilian Federal Expenditures in the Us Over the Twentieth Century

CEPR Discussion Paper No. 5356
Number of pages: 60 Posted: 24 Jan 2006
Roel M. W. J. Beetsma, Alex Cukierman and Massimo Giuliodori
University of Amsterdam - Research Institute in Economics & Econometrics (RESAM), Tel Aviv University - Eitan Berglas School of Economics and University of Amsterdam - Faculty of Economics & Econometrics (FEE)
Downloads 12 (963,651)
  • Add to Cart

Abstract:

Loading...

World War I and II, ratchet, defense spending, civilian spending transfers, taxes, revenues, franchise

24.

Covid-19, Helicopter Money & the Fiscal-Monetary Nexus

CEPR Discussion Paper No. DP14734
Number of pages: 30 Posted: 20 May 2020 Last Revised: 29 Jun 2020
Alex Cukierman
Tel Aviv University - Eitan Berglas School of Economics
Downloads 6 (1,016,791)
Citation 1
  • Add to Cart

Abstract:

Loading...

central bank independence, COVID-19, Deficits, Fiscal institutions, Government Debt, inflation and deflation, optimal taxation, Seignorage

25.

Central Bank Independence and Monetary Policymaking Institutions - Past Present and Future

CEPR Discussion Paper No. DP6441
Number of pages: 54 Posted: 30 May 2008
Alex Cukierman
Tel Aviv University - Eitan Berglas School of Economics
Downloads 5 (1,024,249)
Citation 10
  • Add to Cart

Abstract:

Loading...

central bank independence, economic performance, monetary institutions and future challenges, nominal anchors

26.

Non Linear Taylor Rules and Asymmetric Preferences in Central Banking - Evidence from the UK and the US

CEPR Discussion Paper No. DP6428
Number of pages: 39 Posted: 30 May 2008
Alex Cukierman and Anton Muscatelli
Tel Aviv University - Eitan Berglas School of Economics and University of Glasgow - Department of Economics
Downloads 4 (1,031,234)
Citation 2
  • Add to Cart

Abstract:

Loading...

asymmetric objectives, central banks, inflation avoidance, non linearities, recession avoidance, Taylor rules, UK, US

27.

Welfare and Political Economy Aspects of a Central Bank Digital Currency

CEPR Discussion Paper No. DP13728
Number of pages: 24 Posted: 13 May 2019
Alex Cukierman
Tel Aviv University - Eitan Berglas School of Economics
Downloads 3 (1,037,799)
Citation 1
  • Add to Cart

Abstract:

Loading...

blockchain technology, Central bank digital currency, centralized versus decentralized currencies, narrow banking, permissioned, permissionless

28.

Reflections on the Natural Rate of Interest, its Measurement, Monetary Policy and the Zero Lower Bound

CEPR Discussion Paper No. DP11467
Number of pages: 27 Posted: 30 Aug 2016
Alex Cukierman
Tel Aviv University - Eitan Berglas School of Economics
Downloads 3 (1,037,799)
Citation 3
  • Add to Cart

Abstract:

Loading...

downward bias in natural rate estimates, risky natural rate

29.

Euro-Area and US Banks Behavior, and ECB-Fed Monetary Policies During the Global Financial Crisis: A Comparison

CEPR Discussion Paper No. DP10289
Number of pages: 23 Posted: 08 Dec 2014
Alex Cukierman
Tel Aviv University - Eitan Berglas School of Economics
Downloads 3 (1,037,799)
  • Add to Cart

Abstract:

Loading...

credit, crisis, Euro Area, monetary policy, reserves, US

30.

Effectiveness of Collective Action Against the Pandemic: Is There a Difference between Democratic and Authoritarian Regimes?

CEPR Discussion Paper No. DP15791
Number of pages: 29 Posted: 11 Feb 2021
Alex Cukierman
Tel Aviv University - Eitan Berglas School of Economics
Downloads 2 (1,044,749)
  • Add to Cart

Abstract:

Loading...

31.

The Behavior of the Money Multiplier During and after the Subprime Crisis: Implications for the Transmission Mechanism of Monetary Policy

CEPR Discussion Paper No. DP12490
Number of pages: 11 Posted: 12 Dec 2017
Alex Cukierman
Tel Aviv University - Eitan Berglas School of Economics
Downloads 2 (1,044,749)
  • Add to Cart

Abstract:

Loading...

banking credit and reserves., monetary base, Money multiplier since the crisis and in the future, Quantitative easing

32.

The Conquest of Israeli Inflation and Current Policy Dilemmas

CEPR Discussion Paper No. DP10955
Number of pages: 48 Posted: 01 Dec 2015
Alex Cukierman and Rafi Melnick
Tel Aviv University - Eitan Berglas School of Economics and Interdisciplinary Center Herzliya
Downloads 2 (1,044,749)
Citation 2
  • Add to Cart

Abstract:

Loading...

dollarization, expectations anchoring, inflation uncertainty, relative price variability

33.

The Political Economy of Redistribution in the U.S. In the Aftermath of World War II and the Delayed Impacts of the Great Depression - Evidence and Theory

CEPR Discussion Paper No. DP7501
Number of pages: 47 Posted: 17 Nov 2009
Roel M. W. J. Beetsma, Alex Cukierman and Massimo Giuliodori
University of Amsterdam - Research Institute in Economics & Econometrics (RESAM), Tel Aviv University - Eitan Berglas School of Economics and University of Amsterdam - Faculty of Economics & Econometrics (FEE)
Downloads 2 (1,044,749)
  • Add to Cart

Abstract:

Loading...

agenda setter, ratchets, redistribution, taxes, transfers, World-War II

34.

Fiscal Policy, Labour Unions and Monetary Institutions: Their Long Run Impact on Unemployment, Inflation and Welfare

CEPR Discussion Paper No. DP6429
Number of pages: 59 Posted: 30 May 2008
Alex Cukierman and Alberto Dalmazzo
Tel Aviv University - Eitan Berglas School of Economics and University of Siena - Department of Economics
Downloads 2 (1,044,749)
  • Add to Cart

Abstract:

Loading...

labour unions, long run inflation unemployment tradeoff, monopolistic competition, fiscal monetary policy interactions, monetary institutions, politics and fiscal policy, welfare

35.

Uncertainty and Dispersion in Professional Interest Rate Forecasts: International Evidence and Theory

CEPR Discussion Paper No. DP15039
Number of pages: 26 Posted: 28 Jul 2020 Last Revised: 16 Aug 2020
Alex Cukierman and Thomas Lustenberger
Tel Aviv University - Eitan Berglas School of Economics and Swiss Financial Market Supervisory Authority (FINMA)
Downloads 1 (1,052,519)
  • Add to Cart

Abstract:

Loading...

forecast dispersion, private noisy information, public information, uncertainty, Variability

36.

Implications of the Permanent-Transitory Confusion for New-Keynesian Modeling, Inflation Forecasts and the Post-Crisis Era

CEPR Discussion Paper No. DP13727
Number of pages: 32 Posted: 13 May 2019
Alex Cukierman
Tel Aviv University - Eitan Berglas School of Economics
Downloads 1 (1,052,519)
  • Add to Cart

Abstract:

Loading...

inflationary expectations, Permanent-transitory confusion, rationally adaptive expectations - implications for New-Keynesian framework

37.

A Retrospective on the Subprime Crisis and its Aftermath Ten Years after Lehman's Collapse

CEPR Discussion Paper No. DP13373
Number of pages: 49 Posted: 11 Dec 2018 Last Revised: 17 Dec 2018
Alex Cukierman
Tel Aviv University - Eitan Berglas School of Economics
Downloads 0 (1,061,523)
Citation 1
  • Add to Cart

Abstract:

Loading...

bailouts, banks' reserves, credit, exit, financial crisis, monetary policy, uncertainty

38.

Forex Intervention and Reserve Management in Switzerland and Israel Since the Financial Crisis: Comparison and Policy Lessons

CEPR Discussion Paper No. DP13186
Number of pages: 33 Posted: 24 Sep 2018
Alex Cukierman
Tel Aviv University - Eitan Berglas School of Economics
Downloads 0 (1,061,523)
  • Add to Cart

Abstract:

Loading...

financial crisis, Forex intervention, policy lessons, reserve management

39.

The Permanent-Transitory Confusion: Implications for Tests of Market Efficiency and for Expected Inflation During Turbulent and Tranquil Times

CEPR Discussion Paper No. DP13187
Number of pages: 31 Posted: 24 Sep 2018 Last Revised: 12 Nov 2018
Alex Cukierman, Thomas Lustenberger and Allan H. Meltzer
Tel Aviv University - Eitan Berglas School of Economics, Swiss Financial Market Supervisory Authority (FINMA) and Carnegie Mellon University - David A. Tepper School of Business
Downloads 0 (1,061,523)
  • Add to Cart

Abstract:

Loading...

behavior of inflationary expectations during stabilizations and tranquil times, Permanent-transitory confusion and rational expectations, tests of market efficiency in treasury bills and forex markets

40.

International Evidence on Professional Interest Rates Forecasts: The Impact of Forecasting Ability

CEPR Discussion Paper No. DP12489
Number of pages: 36 Posted: 12 Dec 2017
Alex Cukierman and Thomas Lustenberger
Tel Aviv University - Eitan Berglas School of Economics and Swiss Financial Market Supervisory Authority (FINMA)
Downloads 0 (1,061,523)
  • Add to Cart

Abstract:

Loading...

cross-country relation between forecast dispersion and uncertainty., Forecasting interest rates and bond yields, impact of forecasting ability on forecast formation

41.

The Choice of Flexibility in Targeting Inflation During Normal Times and During Disinflation

CEPR Discussion Paper No. DP10827
Number of pages: 25 Posted: 21 Sep 2015
Alex Cukierman
Tel Aviv University - Eitan Berglas School of Economics
Downloads 0 (1,061,523)
Citation 2
  • Add to Cart

Abstract:

Loading...

anchoring expectations, reputation, return to price stability

42.

US Banks' Behavior Since Lehman's Collapse, Bailout Uncertainty and the Timing of Exit Strategies

CEPR Discussion Paper No. DP10349
Number of pages: 31 Posted: 23 Jan 2015
Alex Cukierman
Tel Aviv University - Eitan Berglas School of Economics
Downloads 0 (1,061,523)
  • Add to Cart

Abstract:

Loading...

US banks’ reserves, US credit, US monetary policy since financial crisis

43.

Establishing a Reputation for Dependability by Means of Inflation Targets

Economics of Governance, Vol. 1, Issue 1, 2000
Posted: 27 Nov 2000
Alex Cukierman
Tel Aviv University - Eitan Berglas School of Economics

Abstract:

Loading...

inflation targets, establishing credibility, precision of inflation control

44.

Central Bank Independence, Centralization of Wage Bargaining, Inflation and Unemployment: Theory and Evidence

CEPR Discussion Paper Series No. 1847
Posted: 15 Jul 1998
Alex Cukierman and Francesco Lippi
Tel Aviv University - Eitan Berglas School of Economics and LUISS university

Abstract:

Loading...