Bank of Israel, CEPR, Tel Aviv University and Shoresh Institution Conference - Growth and Inequality: Long-Term Effect of Short-Term Policies

Tuesday, may 15, 2018

15:00 – 15:30 Reception

Chair: Ayal Kimhi

15:30 Welcome and Opening Remarks

Dr. Karnit Flug- Governor, Bank of Israel

Karnit Flug Presentation

16:00 Chang-Tai Hsieh, University of Chicago

Chang Tai Hsieh presentation

16:30 Dan Ben David, Tel-Aviv University and Shoresh Institute

17:00 Panel discussion and floor Q&A: Economic growth and inequality.

Wednesday, may 16, 2018

9:00-11:15 - Session 1:

Chair: Chang-Tai Hsieh

Gerald Willmann (Bielefeld University and IfW Kiel) and Emily Blanchard, “Unequal Gains, Prolonged Pain: A Model of Protectionist Overshooting and Escalation.”

Willmann Presentation Gerald Willmann

Discussant: Chang Ma (Johns Hopkins University)

Chang Ma Discussion N

Mario Carillo (Brown University), “Agricultural Productivity and Long-Run Development: Evidence from Mussolini'sBattle for Grain.”

Carillo Presentation

Discussant: Gerald Willmann (Bielefeld University and IfW Kiel)

Willmann Discussion

David Hemous (University of Zurich) and Morten Olsen, “The Rise of the Machines: Automation, Horizontal Innovation and IncomeInequality.”

David Hemous presentation

Discussant: Ofer Setty (Tel Aviv University).

OferSetty Discussion

11:30-13:00 - Session 2:

Chair: Adi Brender

Omar Rachedi (Banco de España) and Henrique Basso, “The Young, the Old, and the Government: Demographics and Fiscal Multipliers.”

Omer Rachdi

Discussant: Lionel Artige (HEC - University of Liege)

Artige Discussion

Xiang Haotian and Alexandr Kopytov (University of Pennsylvania)

“Make America Great: Long-Run Impacts of Short-Run Public Investment.”

Kopytov Xiang Presentation Xiang And Alexander

Discussant: Bryan Stuart (George Washington University)

Stuart Discussion N

14:00 – 16:15 - Session 3:

Chair: Michel Strawczynski

Lionel Artige (HEC - University of Liege) and Laurent Cavenaile (Toronto University), “Public Education Expenditures, Growth and Income Inequality.”

Artige Cavenaile Presentation Lionel Artige - “Public Education Expenditures, Growth and Income Inequality.”

Discussant: Eyal Argov (Bank of Israel).

Argov Disscussion

Shay Tsur (Bank of Israel) and Eyal Argov,"Conditional Convergence and Future TFP Growth in Israel.”

Eyal Argov & Shay Tsur

Discussant: Analia Shlosser (Tel Aviv University)

Analia Discussion

16:30 – 18:00 - Session 4:

Chair: Antonio Ciccone

Moshe Hazan (Tel Aviv University), Michael bar, Oksana Leukhina, David Weiss and Hosny Zoabi, “Is The Market Pronatalist?Inequality, Differential Fertility, and Growth Revisited.”

Hazan Presentation Moshe Hazan PDF

Discussant: Omar Rachedi (Banco de España)

Omar Rachedi Discussion

Chang Ma (Johns Hopkins University) , “Financial Stability, Growth and Macro-prudential Policy.”

Chang Ma Presentation Chang Ma PDF

Discussant: Alon Binyamini (Bank of Israel)

Alon Binyamini Discussion

18:30 Invited participants dinner

(L'entrecote Restaurant, 28 Achad Ha'Am street, Tel Aviv).

Bank of Israel, CEPR, Tel Aviv University and Shoresh Institution Conference - Growth and Inequality: Long-Term Effect of Short-Term Policies