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  1. Professor Michael Ben-Gad
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portrait of Professor Michael Ben-Gad

Professor Michael Ben-Gad

Professor of Economics

School of Arts and Social Sciences, Department of Economics

Contact Information

Contact

Visit Professor Michael Ben-Gad

D311, Rhind Building

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Postal Address

City, University of London
Northampton Square
London
EC1V 0HB
United Kingdom

About

Background

Professor Ben-Gad obtained his BA in Economics at Hebrew University of Jerusalem and his MA and PhD from the University of Chicago. He has worked in the Research Department of the Bank of Israel, and taught at the University of Houston and the University of Haifa.

He joined City as a Reader in 2007 and served as Head of Department between 2010 to 2013. His research focuses on Dynamic Macroeconomics with applications to taxation, public debt, the economic effects of immigration, as well as the emergence of multiple equilibria in models of economic growth.

Between 2014 to 2016, Professor Ben-Gad served on the US National Academy of Sciences panel on the The Economic and Fiscal Consequences of Immigration.

In 2011 he completed research funded by an ESRC grant that is funded by HM Treasury and HMRC on fiscal policy and immigration.

Professor Ben-Gad has recently appeared on the BBC, CNBC and in the Wall Street Journal discussing the global financial crisis.

Qualifications

  1. PhD, University of Chicago, Chicago, United States, 1996
  2. AM, University of Chicago, Chicago, United States, 1992
  3. BA, Hebrew University of Jerusalem, Jerusalem, Israel, 1988

Employment

  1. Head of Department, City, University of London, 2010 – 2013
  2. Professor, City, University of London, 2009 – present
  3. Deputy Head of Department, City, University of London, 2008 – 2010
  4. Int. Faculty, International School of Economics at Tbilisi State University, 2008 – present
  5. Visiting Assistant Professor, Central European University, Budapest, 2002
  6. Lecturer, University of Haifa, 2001 – 2007
  7. Assistant Professor, University of Houston, 1995 – 2001

Memberships (Organisations)

  1. Member, Academic Advisory Group, Tax Administration Research Centre (TARC), HM Revenue and Customs/HM Treasury/ESRC
  2. Panel member, U.S. National Academicy of Sciences panel on the Economic and Fiscal Impacts of Immigration

Languages

Hebrew (can read, write, speak, understand spoken and peer review).

Research

Research grants and scholarships

- HMRC/HMT/ESRC Joint Research Programme, 2011 (research grant RES 194-23-00-0020).
- Israel Science Foundation, "Distortionary Taxation, Public Debt, and Immigration" 2007-2008, (research grant no. 49/06).
- Economics and National Security, Samuel Ne'eman Foundation, Technion, 2004. (research grant no. 358, shared with Prof. Yakov Ben-Haim).
- Edelstein Foundation for Population Research, 2002.
- Advanced Research Program, Social Sciences Research Grant, Texas Higher Education Coordinating Board, State of Texas, 1997-99 (research grant no. 003652-836).
- Research Initiation Grant, University of Houston, 1996.
- Bradley Foundation Grant, University of Chicago, 1994-95.
- Henry Morgenthau Jr. Memorial Scholarship in Public Finance, University of Chicago, 1994.
- Century Scholarship, University of Chicago, 1989-93.

Publications

  1. Ben-Gad, M. The Optimal Taxation of Asset Income when Government Consumption is Endogenous: Theory, Estimation and Welfare. Economic Inquiry .
  2. Ben-Gad, M. On the Political Economy of Deficit Bias and Immigration. The Economic Journal .

Book (1)

  1. Panel on the Economic and Fiscal Consequences of Immigration, and Ben-Gad, M. (2016). The Economic and Fiscal Consequences of Immigration. Blau, F.D. and Mackie, C. (Eds.), Washington, D.C., USA: The National Academies Press. ISBN 978-0-309-44445-3.

Chapter (2)

  1. Ben-Gad, (2015). Economists put the `Science` in Social Science. In Kishor, V. (Ed.), Economics for the Eager ISBN 978-1-925128-30-7.
  2. Ben-Gad, M. (2009). Analyzing Economic Policy Using High Order Perturbations. In Hurlington, C.W. (Ed.), Economic dynamics: Theory, Games and Empirical Studies New York: Nova Science Pub Inc. ISBN 978-1-60456-911-7.

Conference Proceedings (1)

  1. Ben-Gad, M. (2006). The impact of immigrant dynasties on wage inequality. .

Internet Publication (3)

  1. Ben-Gad, M. (2012). On Deficit Bias and Immigration..
  2. Ben-Gad, M. The Optimal Taxation of Asset Income when Government Consumption is Endogenous: Theory, Estimation and Welfare..
  3. Ben-Gad, M. Allocating Security Expenditures under Knightian Uncertainty: an Info-Gap Approach..

Journal Article (22)

  1. Ben-Gad, M. (2013). International Migration in the Age of Crisis and Globalization. ECONOMICA, 80(318), pp. 379–380. doi:10.1111/ecca.12019.
  2. Ben-Gad, M. (2012). The two sector endogenous growth model: An atlas. Journal of Macroeconomics, 34(3), pp. 706–722. doi:10.1016/j.jmacro.2012.03.005.
  3. Ben-Gad, M. (2009). Economic 'impact' is a poor basis for funding decisions. Research Fortnight .
  4. Ben-Gad, M. (2009). Correspondence on Macroeconomic Theory. Financial Times .
  5. Ben-Gad, M. (2008). Capital-skill complementarity and the immigration surplus. Review of Economic Dynamics, 11(2), pp. 335–365.
  6. Ben-Gad, M. (2007). The Economist is the Commissar's Worst Enemy. Ha'aretz .
  7. Ben-Gad, M. (2006). The Impact of Immigrant Dynasties on Wage Inequality. Research in Labor Economics, 24, pp. 77–134.
  8. Ben-Gad, M. (2004). The welfare effects of the reagan deficits: A portfolio choice approach. Economic Inquiry, 42(3), pp. 441–454. doi:10.1093/ei/cbh072.
  9. Ben-Gad, M. (2004). Measuring the Welfare Effects of the Reagan Deficits: A Portfolio Choice Approach. Econonic Inquiry, 42, pp. 441–454.
  10. Ben-Gad, M. (2004). Taxes, the Debt Burden, and the Economic Program. Labor, Society and Law, 10, pp. 241–256.
  11. Ben-Gad, M. (2004). The Economic Effects of Immigration---a Dynamic Analysis. Journal of Economic Dynamics and Control, 28(9), pp. 1825–1845. doi:10.1016/j.jedc.2003.04.008.
  12. Ben-Gad, M. (2003). Correspondence on immigration and taxation. New Republic, 223(17) .
  13. Ben-Gad, M. (2003). Fiscal Policy and Indeterminacy in Models of Endogenous Growth. Journal of Economic Theory, 108(2), pp. 322–344.
  14. Ben-Gad, M. (2002). A Fence for a Time of Peace (pdf). Ha'aretz .
  15. Ben-Gad, M. (2000). Backwater. NEW REPUBLIC, 223(17), pp. 6–6.
  16. Ben-Gad, M. (2000). The Incidence of Deficit Finance with Imperfect Capital Markets. Southern Economic Journal, 66(3), pp. 649–666.
  17. Ben-Gad, M. (1999). The global laboratory. NEW REPUBLIC, 220(19), pp. 5–+.
  18. Ben-Gad, M. (1999). Correspondence on immigration of academics and scientists. New Republic, 220(19) .
  19. Ben-Gad, M. (1999). Balanced-Growth-Consistent Recursive Utility and Heterogenous Agents. Journal of Economic Dynamics and Control, 23(3), pp. 459–462. doi:10.1016/S0165-1889(98)00005-0.
  20. Ben-Gad, M. (1989). The Fiscal and Monetary Dynamics of Israeli Infation: A Cointegrated Analysis 1970-1987. Centre for Economic Policy Research Discussion Paper Series, 290 .
  21. Ben-Gad, M. The Optimal Taxation of Asset Income when Government Consumption is Endogenous: Theory, Estimation and Welfare. Economic Inquiry .
  22. Ben-Gad, M. On the Political Economy of Deficit Bias and Immigration. The Economic Journal .

Scholarly Edition (7)

  1. Ben-Gad, M. (2013). Public Deficit Bias and Immigration.
  2. Ben-Gad, M. (2009). The two sector endogenous growth model: an atlas.
  3. Ben-Gad, M. (2008). The Two Sector Endogenous Growth Model and the Intertemporal Elasticity of Substitution: An Atlas.
  4. Ben-Gad, M. (2008). Analyzing Economic Policy Using High Order Perturbations.
  5. Ben-Gad, M. An Analysis of Immigration in a Dynamic Macroeconomic Model.
  6. Beenstock, M. and Ben-Gad, M. The Fiscal and Monetary Dynamics of Israeli Inflation: A Cointegrated Analysis 1970-1987.
  7. Ben-Gad, M. Capital-Skill Complementarity and the Immigration Surplus.

Other (1)

  1. Solimano, A. (2013). International Migration in the Age of Crisis and Globalization.

Education

Interests

Macroeconomics, public finance, the economics of immigration, economic growth.

Other Activities

Keynote Lecture/Speech (2)

  1. Welcome to the Long-Run. London (2012). Family Office Leadership Summit
  2. Finance and Economics conference: the future of The City. London (2013).

Online Article (14)

  1. The Power of Macroeconomics Predictions. GTNews: Perspective Guiding Global Treasury and Finance
  2. Economic ‘Impact’ is a Poor Basis for Funding Decisions. Research Fortnight
  3. Correspondence on Macroeconomics Theory. Financial Times
  4. The Economist is the Commissar's Worst Enemy. Ha’aretzIn Hebrew
  5. A Fence for A Time of Peace. Ha’aretzIn Hebrew
  6. Correspondence on Immigration and Taxation. New Republic, 223(17)
  7. Correspondence on Immigration of Academic and Scientists. New Republic, 220(19)
  8. Ignore the armchair economists, Osborne’s plan is sensible. The Conversation
  9. The tiny Estonian town that could spell the end of NATO. The Conversation
  10. Greece’s path out of the euro. The Conversation
  11. Smoothing the way: The Great Moderation. FT Advisor
  12. What you didn’t hear in the Budget. FT Advisor
  13. A capital offence. FT Advisor
  14. Into the Labyrinth. FT Advisor

Television Programme (4)

  1. Talking Business. BBC World News
  2. Daily Politics. BBC 50p tax tate: Economist Michael Ben-Gad calls for rethink

    http://www.bbc.co.uk/news/uk-politics-14822915
  3. Rescue Package for Ireland? CNBC Pressure on the euro fueled by rumors related to Ireland will persist as we head into the weekend and next week. Professor Michael Ben-Gad, head of economics at City University London and Moorad Choudry, head of business treasury at the Royal Bank of Scotland joined CNBC to discuss the outlook.

    http://video.cnbc.com/gallery/?video=1641922460
  4. BBC News. BBC Professor Michael Ben-Gad, Head of the Economics department at City University London comments on the UK Government's Comprehensive Spending Review on BBC News 20 October 2010

    http://www.youtube.com/watch?v=IbmZpOtt0Co

Find us

City, University of London

Northampton Square

London EC1V 0HB

United Kingdom

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