Details about Zvi Hercowitz

E-mail:	zvih@post.tau.ac.il
Homepage:	http://www.tau.ac.il/~zvih/
Postal address:	Eitan Berglas School of Economics Tel Aviv University Tel Aviv 69978 Israel
Workplace:	Eitan Berglas School of Economics, Tel Aviv University, (more information at EDIRC) School of Economics, Interdisciplinary Center (IDC), (more information at EDIRC)

Access statistics for papers by Zvi Hercowitz.

Last updated 2021-06-08. Update your information in the RePEc Author Service.

Short-id: phe121

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Jump to Journal Articles Edited books Chapters

Working Papers

2018

1. Liquidity Constraints of the Middle Class (revision of CentER DP 2015-009)
   Other publications TiSEM, Tilburg University, School of Economics and Management View citations (1)
   Also in Discussion Paper, Tilburg University, Center for Economic Research (2018) View citations (5)

2012

2. Fiscal Policy in an Open Economy
   Foerder Institute for Economic Research Working Papers, Tel-Aviv University > Foerder Institute for Economic Research
   See also Journal Article Fiscal policy in an open economy, The B.E. Journal of Macroeconomics, De Gruyter (2016) (2016)
3. Liquidity Constraints of the Middle Class
   2012 Meeting Papers, Society for Economic Dynamics
   Also in 2009 Meeting Papers, Society for Economic Dynamics (2009) View citations (6)
   Foerder Institute for Economic Research Working Papers, Tel-Aviv University > Foerder Institute for Economic Research (2009) View citations (6)
   Working Paper Series, Federal Reserve Bank of Chicago (2009) View citations (6)
   See also Journal Article Liquidity Constraints of the Middle Class, American Economic Journal: Economic Policy, American Economic Association (2019) View citations (8) (2019)

2011

4. The financial labor supply accelerator
   Working Paper Series, Federal Reserve Bank of Chicago View citations (2)
   Also in Foerder Institute for Economic Research Working Papers, Tel-Aviv University > Foerder Institute for Economic Research (2009) View citations (1)
   Foerder Institute for Economic Research Working Papers, Tel-Aviv University > Foerder Institute for Economic Research (2009) View citations (1)

2010

5. A Real Model of the Israeli Economy
   Foerder Institute for Economic Research Working Papers, Tel-Aviv University > Foerder Institute for Economic Research View citations (1)
   Also in Bank of Israel Working Papers, Bank of Israel (2010) View citations (1)

2006

6. The Role of Collateralized Household Debt in Macroeconomic Stabilization
   Foerder Institute for Economic Research Working Papers, Tel-Aviv University > Foerder Institute for Economic Research View citations (55)
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2005) View citations (135)
   2005 Meeting Papers, Society for Economic Dynamics (2005) View citations (98)
7. Welfare implications of the transition to high household debt
   Working Paper Series, Federal Reserve Bank of Chicago View citations (6)
   See also Journal Article Welfare implications of the transition to high household debt, Journal of Monetary Economics, Elsevier (2009) View citations (90) (2009)

2005

8. Government Spending Adjustment: The OECD Since the 1990s
   Bank of Israel Working Papers, Bank of Israel

2004

9. The Dynamics of Work and Debt
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)
   Also in Working Paper Series, Federal Reserve Bank of Chicago (2004) View citations (4)
10. The role of households' collateralized debts in macroeconomic stabilization
    Working Paper Series, Federal Reserve Bank of Chicago View citations (9)

2002

11. A Macroeconomic Experiment in Mass Immigration
    IZA Discussion Papers, Institute of Labor Economics (IZA) View citations (10)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2001) View citations (2)
    Working Papers, Tel Aviv (1999) View citations (2)

2001

12. Cyclical Ratcheting in Government Spending: Evidence from the OECD
    Bank of Israel Working Papers, Bank of Israel View citations (1)
    See also Journal Article Cyclical Ratcheting in Government Spending: Evidence from the OECD, The Review of Economics and Statistics, MIT Press (2004) View citations (96) (2004)
13. Fiscal Policy Dynamics with a Public-Debt Guideline
    Working Papers, Tel Aviv View citations (2)
    See also Journal Article FISCAL POLICY DYNAMICS WITH A PUBLIC-DEBT GUIDELINE, Israel Economic Review, Bank of Israel (2004) (2004)

2000

14. Public-Debt/Output Guidelines: the Case of Israel
    Bank of Israel Working Papers, Bank of Israel

1999

15. Cyclical Bias in Government Spending: Evidence from the OECD
    Working Papers, Tel Aviv View citations (9)

1998

16. Equipment Investment and the Relative Demand for Skilled Labour: International Evidence
    Working Papers, Tel Aviv
    Also in Research Department Publications, Inter-American Development Bank, Research Department (1996) View citations (4)
    IDB Publications (Working Papers), Inter-American Development Bank (1996) View citations (1)
    See also Journal Article Equipment Investment and the Relative Demand for Skilled Labor: International Evidence, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2000) View citations (38) (2000)
17. ON THE CYCLICAL BIAS IN GOVERNMENT SPENDING
    Bank of Israel Working Papers, Bank of Israel View citations (2)
18. The Role of Investment-Specific Technological Change in the Business Cycle
    RCER Working Papers, University of Rochester - Center for Economic Research (RCER) View citations (53)
    See also Journal Article The role of investment-specific technological change in the business cycle, European Economic Review, Elsevier (2000) View citations (412) (2000)

1997

19. The "Embodiment" Controversy
    Working Papers, Tel Aviv - the Sackler Institute of Economic Studies View citations (1)

1996

20. Fiscal Policy and Saving Under Distortionary Taxation
    Working Papers, Tel Aviv
    See also Journal Article Fiscal policy and saving under distortionary taxation, Journal of Monetary Economics, Elsevier (1998) View citations (2) (1998)
21. Inversión en capital fijo y la demanda relativa de mano de obra calificada: elementos de juicio internacionales
    Research Department Publications, Inter-American Development Bank, Research Department
22. Long-Run Implications of Investment-Specific Technological Change
    RCER Working Papers, University of Rochester - Center for Economic Research (RCER) View citations (11)
    Also in University of Western Ontario, Departmental Research Report Series, University of Western Ontario, Department of Economics (1995) View citations (38)
    See also Journal Article Long-Run Implications of Investment-Specific Technological Change, American Economic Review, American Economic Association (1997) View citations (890) (1997)

1994

23. A Small Open Economy Analysis of Migration
    Bank of Israel Working Papers, Bank of Israel
    Also in Foerder Institute for Economic Research Working Papers, Tel-Aviv University > Foerder Institute for Economic Research (1994)
24. The Political Economy of Immigration
    Public Economics, University Library of Munich, Germany View citations (6)
    Also in Foerder Institute for Economic Research Working Papers, Tel-Aviv University > Foerder Institute for Economic Research (1993) View citations (4)

1993

25. Immigration and Growth Under Imperfect Capital Mobility: The Case of Israel
    Foerder Institute for Economic Research Working Papers, Tel-Aviv University > Foerder Institute for Economic Research View citations (2)

1992

26. Macroeconomic Implication of Investment-Specific Technological Change
    Working Papers, Tel Aviv - the Sackler Institute of Economic Studies View citations (6)
    Also in Working Papers, Stockholm - International Economic Studies (1992) View citations (9)
    Discussion Paper / Institute for Empirical Macroeconomics, Federal Reserve Bank of Minneapolis (1992) View citations (28)

1991

27. Migration with Fiscal Externalities
    Working Papers, Tel Aviv View citations (39)
    See also Journal Article Migration with fiscal externalities, Journal of Public Economics, Elsevier (1991) View citations (38) (1991)
28. The Allocation of Capital and Time Over the Business Cycle
    RCER Working Papers, University of Rochester - Center for Economic Research (RCER) View citations (402)
    Also in University of Western Ontario, Departmental Research Report Series, University of Western Ontario, Department of Economics (1991) View citations (330)
    See also Journal Article The Allocation of Capital and Time over the Business Cycle, Journal of Political Economy, University of Chicago Press (1991) View citations (408) (1991)
29. The Macroeconomic Effects of Mass Immigration to Isreal
    Foerder Institute for Economic Research Working Papers, Tel-Aviv University > Foerder Institute for Economic Research
30. The macroeconomics Effects of mass Immigration to Israel
    Working Papers, Tel Aviv

1990

31. The allocation of goods and time over the business cycle
    Discussion Paper / Institute for Empirical Macroeconomics, Federal Reserve Bank of Minneapolis View citations (3)

1989

32. MIGRATION BETWEEN HOME COUNTRY AND DIASPORA: AN ECONOMIC ANALYSIS
    RCER Working Papers, University of Rochester - Center for Economic Research (RCER)
    See also Journal Article Migration between home country and diaspora: An economic analysis, Journal of Public Economics, Elsevier (1997) View citations (6) (1997)
33. OUTPUT GROWTH, THE REAL WAGE, AND EMPLOYMENT FLUCTUATIONS
    RCER Working Papers, University of Rochester - Center for Economic Research (RCER)
    See also Journal Article Output Growth, the Real Wage, and Employment Fluctuations, American Economic Review, American Economic Association (1991) View citations (86) (1991)

1988

34. A MIGRATION MODEL WITH 'ZIONISM'
    Working Papers, Tel Aviv

1987

35. Output Growth and Employment Fluctuations
    Foerder Institute for Economic Research Working Papers, Tel-Aviv University > Foerder Institute for Economic Research

1980

36. Anticipated Inflation, the Frequency of Transactions, and the Slope of the Phillips Curve
    NBER Working Papers, National Bureau of Economic Research, Inc
    See also Journal Article Anticipated Inflation, the Frequency of Transactions, and the Slope of the Phillips Curve, Journal of Money, Credit and Banking, Blackwell Publishing (1983) View citations (4) (1983)
37. Money and Price Dispersion in the United States
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
    See also Journal Article Money and price dispersion in the united states, Journal of Monetary Economics, Elsevier (1982) View citations (12) (1982)
38. Money and the Dispersion of Relative Prices
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
    See also Journal Article Money and the Dispersion of Relative Prices, Journal of Political Economy, University of Chicago Press (1981) View citations (73) (1981)

1979

39. Money Stock Revisions and Unanticipated Money Growth
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
    See also Journal Article Money stock revisions and unanticipated money growth, Journal of Monetary Economics, Elsevier (1980) View citations (28) (1980)

Journal Articles

2019

1. Liquidity Constraints of the Middle Class
   American Economic Journal: Economic Policy, 2019, 11, (3), 130-55 View citations (8)
   See also Working Paper Liquidity Constraints of the Middle Class, 2012 Meeting Papers (2012) (2012)

2016

2. Fiscal policy in an open economy
   The B.E. Journal of Macroeconomics, 2016, 16, (1), 25-46
   See also Working Paper Fiscal Policy in an Open Economy, Foerder Institute for Economic Research Working Papers (2012) (2012)

2015

3. TAX CUTS AND ECONOMIC ACTIVITY: ISRAEL IN THE 2000s
   Israel Economic Review, 2015, 12, (2), 97-125

2010

4. Interest rates following financial re-regulation
   Economic Perspectives, 2010, 34, (Q I), 2-13

2009

5. Welfare implications of the transition to high household debt
   Journal of Monetary Economics, 2009, 56, (1), 1-16 View citations (90)
   See also Working Paper Welfare implications of the transition to high household debt, Working Paper Series (2006) View citations (6) (2006)

2006

6. The macroeconomic transition to high household debt
   Proceedings, 2006, (Nov) View citations (2)

2004

7. Concentration of Capital Ownership and Investment Fluctuations
   Review of Economic Dynamics, 2004, 7, (3), 668-686
8. Cyclical Ratcheting in Government Spending: Evidence from the OECD
   The Review of Economics and Statistics, 2004, 86, (1), 353-361 View citations (96)
   See also Working Paper Cyclical Ratcheting in Government Spending: Evidence from the OECD, Bank of Israel Working Papers (2001) View citations (1) (2001)
9. FISCAL POLICY DYNAMICS WITH A PUBLIC-DEBT GUIDELINE
   Israel Economic Review, 2004, 2, (1), 91-106
   See also Working Paper Fiscal Policy Dynamics with a Public-Debt Guideline, Working Papers (2001) View citations (2) (2001)

2000

10. Equipment Investment and the Relative Demand for Skilled Labor: International Evidence
    Review of Economic Dynamics, 2000, 3, (3), 461-485 View citations (38)
    See also Working Paper Equipment Investment and the Relative Demand for Skilled Labour: International Evidence, Working Papers (1998) (1998)
11. The role of investment-specific technological change in the business cycle
    European Economic Review, 2000, 44, (1), 91-115 View citations (412)
    See also Working Paper The Role of Investment-Specific Technological Change in the Business Cycle, RCER Working Papers (1998) View citations (53) (1998)

1998

12. Fiscal policy and saving under distortionary taxation
    Journal of Monetary Economics, 1998, 42, (1), 25-45 View citations (2)
    See also Working Paper Fiscal Policy and Saving Under Distortionary Taxation, Working Papers (1996) (1996)
13. The 'embodiment' controversy: A review essay
    Journal of Monetary Economics, 1998, 41, (1), 217-224 View citations (76)

1997

14. Long-Run Implications of Investment-Specific Technological Change
    American Economic Review, 1997, 87, (3), 342-62 View citations (890)
    See also Working Paper Long-Run Implications of Investment-Specific Technological Change, RCER Working Papers (1996) View citations (11) (1996)
15. Migration between home country and diaspora: An economic analysis
    Journal of Public Economics, 1997, 65, (1), 45-59 View citations (6)
    See also Working Paper MIGRATION BETWEEN HOME COUNTRY AND DIASPORA: AN ECONOMIC ANALYSIS, RCER Working Papers (1989) (1989)

1991

16. Migration with fiscal externalities
    Journal of Public Economics, 1991, 46, (2), 163-180 View citations (38)
    See also Working Paper Migration with Fiscal Externalities, Working Papers (1991) View citations (39) (1991)
17. Output Growth, the Real Wage, and Employment Fluctuations
    American Economic Review, 1991, 81, (5), 1215-37 View citations (86)
    See also Working Paper OUTPUT GROWTH, THE REAL WAGE, AND EMPLOYMENT FLUCTUATIONS, RCER Working Papers (1989) (1989)
18. The Allocation of Capital and Time over the Business Cycle
    Journal of Political Economy, 1991, 99, (6), 1188-214 View citations (408)
    See also Working Paper The Allocation of Capital and Time Over the Business Cycle, RCER Working Papers (1991) View citations (402) (1991)

1990

19. Time-to-produce or a Keynesian is curve?: Reply to John McCallum
    Journal of Monetary Economics, 1990, 25, (1), 151-153 View citations (1)

1988

20. Investment, Capacity Utilization, and the Real Business Cycle
    American Economic Review, 1988, 78, (3), 402-17 View citations (1611)
21. The Israeli economy: Maturing through crises: A review essay
    Journal of Monetary Economics, 1988, 21, (1), 185-190

1986

22. On the determination of the external debt: The case of Israel
    Journal of International Money and Finance, 1986, 5, (3), 315-334 View citations (8)
23. The real interest rate and aggregate supply
    Journal of Monetary Economics, 1986, 18, (2), 121-145 View citations (13)

1983

24. Anticipated Inflation, the Frequency of Transactions, and the Slope of the Phillips Curve
    Journal of Money, Credit and Banking, 1983, 15, (2), 139-54 View citations (4)
    See also Working Paper Anticipated Inflation, the Frequency of Transactions, and the Slope of the Phillips Curve, NBER Working Papers (1980) (1980)

1982

25. Money and price dispersion in the united states
    Journal of Monetary Economics, 1982, 10, (1), 25-37 View citations (12)
    See also Working Paper Money and Price Dispersion in the United States, NBER Working Papers (1980) View citations (5) (1980)

1981

26. Money and the Dispersion of Relative Prices
    Journal of Political Economy, 1981, 89, (2), 328-56 View citations (73)
    See also Working Paper Money and the Dispersion of Relative Prices, NBER Working Papers (1980) View citations (1) (1980)

1980

27. Money stock revisions and unanticipated money growth
    Journal of Monetary Economics, 1980, 6, (2), 257-267 View citations (28)
    See also Working Paper Money Stock Revisions and Unanticipated Money Growth, NBER Working Papers (1979) View citations (1) (1979)

Edited books

2008

1. Financial Factors in Economic Stabilization and Growth
   Cambridge Books, Cambridge University Press

1996

2. Financial Factors in Economic Stabilization and Growth
   Cambridge Books, Cambridge University Press View citations (51)

1992

3. Political Economy, Growth, and Business Cycles, vol 1
   MIT Press Books, The MIT Press View citations (12)

Chapters

1987

1. On Optimal Currency Substitution Policy and Public Finance
   Palgrave Macmillan View citations (5)