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Other Publications

A. Books

  1. A.H. Meltzer, A. Cukierman and S. Richard, Political Economy, Oxford University Press, Oxford and New York, 1991.

  2. H. Ben-Shahar, S. Bronfeld, A. Cukierman, The Capital Market in Israel, in Israel and the Common Market, Pierre Uri, editor published for the Middle East Institute (Geneva) by Weidenfeld & Nicholson, Jerusalem, 1971, pp. 215-418.

B. Articles and Chapters in Books

  1. A. Cukierman (2010), "How Would Have Monetary Policy During the Great Inflation Differed, if it Had Been Conducted  in the Styles of Volcker and Greenspan and with Perfect Foresight?", Comparative Economic Studies, 52(2), June, DOI: 10.1057/ces.2010.9

  2. Cukierman A. and M. Tommasi, "Credibility of Policymakers and of Economic Reforms", in Tommasi Mariano and  Sturzenegger Frederico (eds.) The Political Economy of Economic Reform, The MIT Press, 1998.

  3. A. Cukierman (1998), "The Economics of Central Banking", in Wolf Holger (ed.) IEA, Contemporary Economic Issues - Macroeconomics and Finance, V.5, The MacMillan Press, (IEA conference volume 125), 37-82.
    Also published in Revista Brasileira de Economia, 50, October/December 1996 (Portuguese),  in Economic Quarterly, April 1997, 98-138, (Hebrew) and in E. Aguirre, R. Junguito and G. Miller (eds.), La Banca Central en America Latina, Tercer Mundo Editores, Bogota, Columbia, 1997 (Spanish).

  4. A. Cukierman, "The Credibility Problem, European Monetary Union and Swedish Monetary Policy", Swedish Economic Policy Review, 4, Spring 1997, 9-50.

  5. A. Cukierman, "Targeting Monetary Aggregates and Inflation in Europe" in Collignon Stefan (ed.) European Monetary Policy, Pinter, London, 1997, 209-228. 

  6. A. Cukierman, "Central Bank Independence, Growth and Employment", in Central Bank Independence and the Credibility of European Monetary Policy, Austrian National Bank, 1997. 

  7. A. Cukierman, M. Kiguel and L. Leiderman, "Transparancy and the Evolution of Exchange Rate Flexibility in the Aftermath of Disinflation", in M. Blejer, Z. Eckstein, Z. Hercowitz, L. Leiderman (eds.), Financial Factors in Economic Stabilization and Growth. Cambridge University Press, Cambridge, UK and NY, 1996.

  8. A. Cukierman, "Towards a Systematic Comparison between Inflation Targets and Monetary Targets" in L. Leiderman and L. Svensson (eds.), Inflation Targets, CEPR, London, 1995. 

  9. A. Cukierman, "Central Bank Independence and Monetary Control", The Economic Journal, 104, November 1994, 1437-1448.

  10. Cukierman A. (1994), "Commitment through Delegation, Political Influence and Central Bank Independence". In J.O. de Beauford Wijnholds, S.C.W. Eijffinger and L.H. Hoogduin (eds.), A Framework for Monetary Stability, Financial and Monetary Studies, Kluwer Academic Publishers, Dordrecht, Boston, Lancaster.
    Reprinted in S.C.W. Eijffinger (ed.) Independent Central Banks and Economic Performance - The International Library of Critical Writings in Economics Series, Edward Elgar, UK, 1997.

  11. A. Cukierman, "Central Bank Independence, Political Influence and Macroeconomic Performance", Cuardenos de Economica, 91, December 1993, 271-292.
    Reprinted in A. Razin and H.J. Vosgerau (eds.) Trade and Tax Policy, Inflation and Exchange Rates, Springer Verlag, Berlin, Heidelberg, New York, 1997 and in S.C.W. Eijffinger (ed.) Independent Central Banks and Economic Performance - The International Library of Critical Writings in Economics Series, Edward Elgar, UK, 1997.

  12. A. Cukierman, M, Kiguel and L. Leiderman, "Some Evidence on a Strategic Model of Exchange Rate Bands", in L. Leiderman and A. Razin eds. Capital Mobility: The Impact on Consumption, Investment and Growth, Cambridge University Press, 1994, 156-172.

  13. A. Cukierman, "Social Security and the Deficit in the U.S. - A Political Economy Approach", in H. Verbon and F. Van Winden (eds.) The Political Economy of Government Debt, North-Holland Publishing Co., 1993, pp. 89-112.
    Reprinted in  Economic Quarterly, 1, May 1993, 77-119 (Hebrew).

  14. A. Cukierman, M, Kiguel and N. Liviatan, "How Much to Commit to an Exchange rate Rule? Balancing Credibility and Flexibility", Revista de Analisis Economico, 7, June 1992, 73-90.
    Reprinted in P. Siklos (ed.), Varieties of Monetary Reforms, Kluwer Academic Publishers, 1994.

  15. A. Cukierman, "Discretion, Precommitments and the Prospects for a European Central Bank - Fixed Parities Versus a Commonly Managed Currency", in Z. Eckstein (ed.) Aspects of Central Bank Policymaking, Springer Verlag, 1991.

  16. A. Cukierman and A.H. Meltzer, "A Political Theory of Progressive Income Taxation", in A.H. Meltzer, A. Cukierman and S. Richard, Political Economy, Oxford University Press, 1991.

  17. Cukierman A. and N. Liviatan (1990), "Rules, Discretion, Credibility and Reputation", Israeli Economic Review, 65, 3-25, July (Hebrew).

  18. "Why Does the Fed Smooth Interest Rates?in Monetary Policy of the Fed's 75 Anniversary - Proceedings of the 14th Annual Economic Policy Conference of the Federal Reserve Bank of St. Louis, M. Belongia (ed.), Kluwer Academic Publishers, 1990, 111-147.

  19. A. Cukierman and A.H. Meltzer, "A Political Theory of Government Debt", Economic Quarterly, 137, July 1988, 54-158 (Hebrew).

  20. "The End of the High Israeli Inflation - An Experiment in Heterodox Stabilization", in M. Bruno, G. DiTella, R. Dornbusch, and S. Fischer (eds.), Inflation Stabilization: The Experience of Israel, Argentina, Brazil, Bolivia and Mexico, MIT Press, 1988, 48-94. 

  21. A. Cukierman and A. Meltzer, "A Positive Theory of Discretionary Policy, The Cost of Democratic Government and the Benefits of a Constitution", Economic Inquiry, 24, July 1986, 367-388.

  22. Cukierman A. (1986), "Central Bank Behavior and Credibility - Some Recent Theoretical Developments", Federal Reserve Bank of St. Louis Review, 68, 5-17, May.

  23. A. Cukierman and J. Mortensen, "Monetary Assets and Inflation Induced Distortions of the National Accounts - Conceptual Issues and Correction of Sectoral Income Flows in 5 EEC Countries", in Monetary Assets and Inflation Induced Distortions of National Accounts - Studies in Banking and Finance, Vol. I, 1985, North-Holland Publishing Co. and the EC Publication Office, 5-87.

  24. Cukierman A, K. Lennan and F. Papadia (1985), "Inflation Induced Redistributions via Monetary Assets in Five European Countries: 1974-1980", Economic Policy and National Accounting in Inflationary Conditions - Studies in Banking and Finance, Vol II, North-Holland Publishing Co. and the EC Publication Office.

  25. A. Cukierman, L. Leiderman, "Relative Price Variability and Inflation in the Israeli Economy", Bank of Israel Economic Review, 59, May 1985, 47-64 (Hebrew).

  26. K. Brunner, A. Cukierman, A.H. Meltzer, "Money and Economic Activity, Inventories and Business Cycles",  Journal of Monetary Economics, 11, May 1983, 281-319.

  27. A. Cukierman, P. Wachtel, "Inflationary Expectations - Reply and Further Thoughts on Inflation Uncertainty", American Economy Review, 72, June 1982, 508-511.

  28. A. Cukierman, "Wage Indexing and the Theory of Indexed Bonds", in Saving Investment and Capital Markets in an Inflationary Economy, eds.: M. Sarnat and G. Szego, Ballinger Publishing Company, 1982, 345-364.

  29. A. Cukierman, "Relative Price Variability, Inflation and the Allocative Efficiency of the Price System", Journal of Monetary Economics, 8, April 1982, 131-162.

  30. Cukierman A. (1981), "Interest Rates During the Cycle, Inventories and Monetary Policy - A Theoretical Analysis", in K. Brunner and A. Meltzer (eds.), The Costs and Consequences of  Inflation, Carnegie Rochester Conference Series on Public Policy, 15, North-Holland, Amsterdam, 87-144, Autumn.

  31. A. Cukierman and Y. Cohen, "The Functioning of the Free Credit Market in Israel", Bank of Israel Bulletin, 50, March 1979, 53-84 (Hebrew).

  32. A. Birati, A. Cukierman, "The Redistributive Effects of Inflation and of the Introduction of a Real Tax System in the U.S. Bond Market", Journal of Public Economics, 12, 1979, 125-139.

  33. "Heterogeneous Inflationary Expectations, Fisher's Theory of Interest and the Allocative Efficiency of the Bond Market", Economics Letters, 1, Fall 1978, 151-155.

  34. A. Cukierman, A. Birati, "Taxation of Monetary Gains: Real Versus Nominal Taxation and Changes in Relative Prices", in The Proceedings of the December 1977 Conference of the Israeli Economic Association, 1978.

  35. A. Cukierman, A. Razin, "The Effects of Indexation of Wage Contracts on Macroeconomic Stability", European Economic Review, April 1977, 83-96.

  36. A. Cukierman, A. Razin, "The Dependence Between Government Exchange Rate Policy and between Imports and Exports", The Proceedings of the April 1976 Conference of the Israel Economic Association, 1976 (Hebrew).

  37. A. Cukierman, "General Wage Escalator Clauses and the Inflation Unemployment Tradeoff", Economic Inquiry, 15, January 1977, 76-84. 

  38. A. Cukierman, E. Pazner, A. Razin, "A Macroeconomic Model of the Israeli Economy 1956-1974", Bank of Israel Economic Review, No. 44, November 1977, 29-64.

  39. A. Cukierman, "Price Level Adjusted Mortgages in Israel", in New Mortgage Designs for Stable Housing in an Inflationary Environment, Federal Reserve Bank of Boston Conferenc Series, 14, December 1975, 159-176.

  40. A. Cukierman, "A Study on the Formation of Inflationary Expectations in Israel", in Issues in the Economy of Israel, eds.: N. Halevi, Y. Kop, Falk Research Institute for Economic Research in Israel, May 1975.

  41. A. Cukierman, "A Test of the Hypothesis that there is no Long Run Tradeoff between Inflation and Unemployment in the Economy of Israel" , in Issues of the Economy of Israel, eds.: N Halevi, Y. Kop, Falk Research Institute for Economic Research in Israel, May 1975, 25-44.

  42. A. Cukierman, A. Pastor, "On the Optimal Durability of Consumer Goods", Revista Espanola de Economia, Vol. 3/1973, 95-110 (Spanish).

  43. A. Cukierman, "Money Illusion and the Aggregate Consumption Function: Comment", American Economic Review, Vol. 62, March 1972, 198-206.

  44. H. Ben-Shahar, A. Cukierman, "The Yield to Maturity on Bonds and Expectations of Devaluation and Price Increase 1958-76, Bank of Israel Bulletin, 32, Jerusalem, January 1970, 3-38.

C. Review Essays and Comments

  1. Review of "Monetary Policy Rules and Transmission Mechanisms" by N. Loyaza and K. Schmidt-Hebbel (eds.), Journal of Economic Literature, 2004, December.

  2. Comment on "Macroeconomics Consequences of Terror: Theory and the Case of Israel" by Zvi Eckstein and Daniel Tsiddon, Journal of Monetary Economics, 51, 2004, 1003-1006.

  3. Discussion of "Should the ECB be Restructured, and if so How?" in H. Berger, H. and T. Moutos (eds.), Managing EU Enlargement, CESifo Seminar Series, 2004, The MIT Press.

  4. Review of "Inflation Bias, Output Stabilization and Central Bank Independence" by Thomas Jordan, Journal of Economics, 80(1), 2003.

  5. Comment on "The Optimal Speed of Disinflation: The Case of Hungary" by Olivier Blanchard, in C. Cottarelli (ed.), Disinflation in Eastern and Central Europe, IMF, 1998.

  6. Review of "Crisis, Stabilization and Economic Reform: Therapy by Consensus" by Michael Bruno (Clarendon Press), Economic Quarterly, 41, July 1994, 297-301, (Hebrew).

  7. Review of "Indexing Inflation and Economic Policy" by Stanley Fischer (MIT Press, 1986), Journal of Economic Literature, 25, December 1987.

  8. Comment on "The Economics of Public Deficits" by Modigliani. In Economic Policy in Theory and Practice, Razin and Sadka (eds.) McMillan 1987.

  9. "Measuring Inflationary Expectations: A Review Essay", Journal of Monetary Economics, 17, March 1986, 315-324.

  10. "Essays in Economics: Theory and Policy by James Tobin (MIT Press 1982) - A Review Essay", Journal of Money Credit and Banking, 16, November 1984, 557-83.

D. Entries in Dictionaries

  1. "Credibility" in The New Palgrave Dictionary of Money and Finance, P. Newman (ed.), The Macmillan Press, 1992. 

  2. "Central Bank Independence" in The New Palgrave Dictionary of Money and Finance, P. Newman (ed.), The Macmillan Press, 1992. 

  3. "Israel: Monetary and Financial System" in The New Palgrave Dictionary of Money and Finance, P. Newman (ed.), The Macmillan Press, 1992.

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