Jonathan Benchimol

Bank of Israel

Economist

Bank of Israel Street

P.O. Box 780

Jerusalem, Jerusalem 9100701

Israel

http://www.jonathanbenchimol.com/

SCHOLARLY PAPERS

15

DOWNLOADS

424

SSRN CITATIONS

20

CROSSREF CITATIONS

18

Ideas:
“  I am a research economist at the Bank of Israel, Research Department. I was a visiting postdoctoral scholar at Harvard University, Department of Economics. I am also a research associate at the Federal Reserve Bank of Dallas (Globalization and Monetary Policy Institute), Henan University (Center for Financial Development and Stability), and Queen’s University (Conflict Analytics Lab). My research interests are in macroeconomics and monetary economics, financial economics, and econometrics. More information on my website JonathanBenchimol.com  ”

Scholarly Papers (15)

Money in the Production Function: A New Keynesian DSGE Perspective

ESSEC Working Paper No. 1304
Number of pages: 35 Posted: 20 Sep 2013 Last Revised: 23 Sep 2013
Jonathan Benchimol
Bank of Israel
Downloads 53 (426,373)
Citation 4

Abstract:

Loading...

Money in the production function, DSGE, Bayesian estimation

Money in the Production Function: A New Keynesian DSGE Perspective

Southern Economic Journal, vol. 82(1), pages 152-184
Number of pages: 42 Posted: 07 Feb 2014 Last Revised: 31 Mar 2019
Jonathan Benchimol
Bank of Israel
Downloads 53 (426,373)

Abstract:

Loading...

Money in the production function, DSGE, Bayesian estimation

Optimal Monetary Policy Under Bounded Rationality

Globalization and Monetary Policy Institute Working Paper No. 336
Number of pages: 51 Posted: 26 Feb 2018 Last Revised: 29 Apr 2020
Jonathan Benchimol and Lachen Bounader
Bank of Israel and Mohammed V University of Rabat
Downloads 24 (569,774)

Abstract:

Loading...

Optimal Monetary Policy Under Bounded Rationality

Bank of Finland Research Discussion Paper No. 9/2018
Number of pages: 56 Posted: 23 Apr 2018
Jonathan Benchimol and Lahcen Bounader
Bank of Israel and International Monetary Fund (IMF)
Downloads 23 (576,640)

Abstract:

Loading...

heterogeneous myopia, behavioral economics, bounded rationality, strict targeting, exible targeting

Optimal Monetary Policy Under Bounded Rationality

IMF Working Paper No. 19/166
Number of pages: 53 Posted: 27 Aug 2019
Jonathan Benchimol and Lahcen Bounader
Bank of Israel and International Monetary Fund (IMF)
Downloads 15 (634,351)

Abstract:

Loading...

Bank rates, Financial crises, Monetary policy, Central bank policy, Central banks, myopia, commitment, discretion, optimal simple rules., output gap, PLT, cost-push, optimal monetary policy

3.

Nominal Income Versus Taylor-Type Rules in Practice

ESSEC WORKING PAPER 1610
Number of pages: 39 Posted: 31 Aug 2016
Jonathan Benchimol and Fourçans André
Bank of Israel and ESSEC Business School - Economics Department
Downloads 47 (441,804)

Abstract:

Loading...

Monetary policy, NGDP targeting, Taylor rule, DSGE model

4.

Monetary Rule, Central Bank Loss and Household's Welfare: An Empirical Investigation

Globalization and Monetary Policy Institute Working Paper No. 329
Number of pages: 28 Posted: 15 Nov 2017
Jonathan Benchimol and André Fourçans
Bank of Israel and ESSEC Business School
Downloads 42 (461,997)

Abstract:

Loading...

5.

Central Bank Losses and Monetary Policy Rules: A DSGE Investigation

International Review of Economics & Finance, vol. 61(1), pages 289-303, 2019
Number of pages: 34 Posted: 17 Apr 2019
Jonathan Benchimol and André Fourçans
Bank of Israel and ESSEC Business School
Downloads 31 (512,772)
Citation 1

Abstract:

Loading...

Monetary policy, Monetary rule, Central bank loss

6.
Downloads 25 (546,609)
Citation 1

Forecast Performance in Times of Terrorism

CFDS Discussion Paper No. 1-2017
Number of pages: 41 Posted: 19 Dec 2017
Jonathan Benchimol and Makram El-Shagi
Bank of Israel and Henan University
Downloads 24 (569,774)
Citation 1

Abstract:

Loading...

inflation, exchange rate, forecast performance, terrorism, market forecast, expert forecast

Forecast Performance in Times of Terrorism

Globalization and Monetary Policy Institute Working Paper No. 390
Number of pages: 39 Posted: 30 Jun 2020
Jonathan Benchimol and Makram El-Shagi
Bank of Israel and Henan University
Downloads 1 (756,005)

Abstract:

Loading...

inflation, exchange rate, forecast performance, terrorism, market forecast, expert forecast

7.

The Role of Money and Monetary Policy in Crisis Periods: The Euro Area Case

ESSEC Working Paper No. 1201
Number of pages: 34 Posted: 20 Sep 2013 Last Revised: 23 Sep 2013
Jonathan Benchimol and Fourçans André
Bank of Israel and ESSEC Business School - Economics Department
Downloads 23 (559,028)

Abstract:

Loading...

Euro area, Money, DSGE forecasting

8.

Money and Risk in a DSGE Framework: A Bayesian Application to the Eurozone

Journal of Macroeconomics, vol. 34(1), pages 95-111
Number of pages: 33 Posted: 24 Sep 2013 Last Revised: 31 Mar 2019
Jonathan Benchimol and André Fourçans
Bank of Israel and ESSEC Business School
Downloads 22 (565,414)
Citation 2

Abstract:

Loading...

Euro area, Money, Risk, Bayesian estimation, DSGE

9.

Money and Monetary Policy in Israel During the Last Decade

Journal of Policy Modeling, vol. 38(1), pages 103-124.
Number of pages: 31 Posted: 15 Dec 2017 Last Revised: 30 Mar 2019
Jonathan Benchimol
Bank of Israel
Downloads 20 (578,351)
Citation 3

Abstract:

Loading...

Divisia monetary aggregates, Monetary policy, DSGE, Crises, Israel

10.

Money and Monetary Policy in the Eurozone: An Empirical Analysis During Crises

Macroeconomic Dynamics, vol. 21(3), pages 677-707
Number of pages: 37 Posted: 14 Dec 2017 Last Revised: 31 Mar 2019
Jonathan Benchimol and André Fourçans
Bank of Israel and ESSEC Business School
Downloads 17 (598,027)
Citation 3

Abstract:

Loading...

Money, Monetary Policy, Dynamic Stochastic General Equilibrium, Crises

Time-Varying Money Demand and Real Balance Effects

Globalization and Monetary Policy Institute Working Paper No. 364
Number of pages: 36 Posted: 22 Oct 2019 Last Revised: 29 Apr 2020
Jonathan Benchimol and Irfan Qureshi
Bank of Israel and Asian Development Bank
Downloads 12 (657,576)
Citation 1

Abstract:

Loading...

Time-Varying Money Demand, Real Balance Effect, Welfare Cost of Inflation, Monetary Neutrality

Time-Varying Money Demand and Real Balance Effects

Economic Modelling, Vol. 87, 2020
Posted: 02 Jul 2020
Jonathan Benchimol and Irfan Qureshi
Bank of Israel and Asian Development Bank

Abstract:

Loading...

Time-varying money demand, Real balance effect, Welfare cost of inflation, Monetary neutrality

12.

Risk Aversion in the Eurozone

Research in Economics, vol. 68(1), pages 39-56
Number of pages: 30 Posted: 07 Feb 2014 Last Revised: 31 Mar 2019
Jonathan Benchimol
Bank of Israel
Downloads 12 (632,511)
Citation 2

Abstract:

Loading...

Risk aversion, Output, Money, Eurozone, New Keynesian DSGE models, Bayesian estimation

13.

Switching Volatility in a Nonlinear Open Economy

Globalization and Monetary Policy Institute Working Paper No. 386
Number of pages: 51 Posted: 01 Jun 2020
Jonathan Benchimol and Sergey Ivashchenko
Bank of Israel and St. Petersburg Institute for Economics and Mathematics (Russian Academy of Sciences)
Downloads 5 (683,237)

Abstract:

Loading...

DSGE, Volatility Shocks, Markov Switching, Open Economy, Financial Crisis, Nonlinearities

14.

Forecast Performance in Times Terrorism

Economic Modelling, Vol. 91, 2020
Posted: 04 Aug 2020
Jonathan Benchimol and Makram El-Shagi
Bank of Israel and Henan University

Abstract:

Loading...

Inflation, Exchange Rate, Forecast Performance, Terrorism, Market Forecast, Expert Forecast

15.

Switching Volatility in a Nonlinear Open Economy

Journal of International Money and Finance, Vol. 110, No. 102287, 2021
Jonathan Benchimol and Sergey Ivashchenko
Bank of Israel and St. Petersburg Institute for Economics and Mathematics (Russian Academy of Sciences)

Abstract:

Loading...

DSGE,Volatility Shocks,Markov switching,Open economy,Financial crisis,Nonlinearities