Monetary and Macro Economics


1.    B. Bental and Z. Eckstein “The Dynamics of Inflation with Constant Deficit Under Expected Regime Change“, The Economic Journal, Vol. 100, 1990, 1245-1260.

2.    Z. Eckstein and L. Leiderman “ Seigniorage and the Welfare cost of Inflation“, Journal of Monetary Economics, 29, 1992, 389-410.

3.    Z.Eckstein, C. Foulides, T.Kollintzas “On the Many Kinds of Growth: a Note“, International Economic Review, 1996, Vol 37, 487-496.

4.    B. Bental and Z. Eckstein “On the Fit of a Neoclassical Monetary Model in High Inflation: Israel 1972-1990“, Journal of Money Credit and Banking, 1998, 29, 725-752.

5.    S. R. Aiyagari, T. Braun and Z. Eckstein “Transaction Services, Inflation and Welfare“, Journal of Political Economy, 106, 1998, 1274-1301.

6.    Z. Eckstein and D. Tsiddon “Macroeconomic Consequences of Terror: Theory and the Case of Israel“, Journal of Monetary Economics, Vol.51:5, 2004, 971-1002.

7.    Z. Eckstein and E. Nagypal “The Evolution of U.S. Earnings Inequality: 1961-2002“, Federal Reserve Bank of Minneapolis Quarterly Review, Vol. 28, No. 2, December 2004, pp. 10-29.

8.    Z. Eckstein and D. Peled “The Contributions of S. Rao Aiyagari to Dynamic Macroeconomics“, The New Palgrave Dictionary of Economics, (forthcoming), 2006.

9.    J. Braude, Z. Eckstein, S. Fischer, and K. Flug (editors) “The Great Recession: Lessons for Central Bankers“, The MIT Press, 2012.

10.    Z. Eckstein, O. Setty and D. Weiss “Financial Risk and Unemployment“, International Economic Review, Vol. 60, No. 2, May 2019, pp 475-516.

Discussion Papers

  1. A. Balsam and Z. Eckstein “Real Business Cycles in a Small Open Economy with Non-Traded Goods“.


  1. The Evolution of U.S. Earnings Inequality: 1961-2002“, December 2004.
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