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  1. Professor Michael Ben-Gad

portrait of Professor Michael Ben-Gad

Professor Michael Ben-Gad

Professor of Economics

School of Arts and Social Sciences, Department of Economics

Contact Information


Visit Professor Michael Ben-Gad

D322, Rhind Building


Postal Address

City, University of London
Northampton Square
United Kingdom



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. 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.

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

He recently completed research funded by an ESRC grant that is funded by HM Treasury and HMRC on fiscal policy and immigration.


- University of Chicago, Department of Economics, Ph.D., 1996
- Univesrity of Chicago, Department of Economics, A.M., 1992
- Hebrew University of Jerusalem, Department of Economics, B.A., 1988


Academic appointments

- City University London, Dept. of Economics, Professor, 2009 - present
- City University London, Dept. of Economics, Head of Department, 2010 - 2013
- City University London, Dept. of Economics, Deputy Head of Department, 2008 -2010
- International School of Economics at Tbilisi State University, Int. Faculty, 2008 - present
- University of Haifa, Dept. of Economics, Lecturer, 2001 - 2007
- University of Houston, Dept. of Economics, Assistant Professor, 1995 - 2001
- Central European University, Budapest, Hungary, Dept. of Economics, Visiting Assistant Professor Summer, 2002

Professional activities

- Panel member, U.S. National Academicy of Sciences panel on the Economic and Fiscal Impacts of Immigration
- Member, Academic Advisory Group, Tax Administration Research Centre (TARC), HM Revenue and Customs/HM Treasury/ESRC sponsored centre and jointly run by the Institute for Fiscal Studies and the University of Exeter

Other experience

- Bank of Israel, Research Department, 1987 - 1989
- Israel Defense Forces: Military Service, 1982 - 1985


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.


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 (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). Measuring the Welfare Effects of the Reagan Deficits: A Portfolio Choice Approach. Econonic Inquiry, 42, pp. 441–454.
  9. Ben-Gad, M. (2004). Taxes, the Debt Burden, and the Economic Program. Labor, Society and Law, 10, pp. 241–256.
  10. 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.
  11. 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.
  12. Ben-Gad, M. (2003). Fiscal Policy and Indeterminacy in Models of Endogenous Growth. Journal of Economic Theory, 108(2), pp. 322–344.
  13. Ben-Gad, M. (2003). Correspondence on immigration and taxation. New Republic, 223(17) .
  14. Ben-Gad, M. (2002). A Fence for a Time of Peace (pdf). Ha'aretz .
  15. Ben-Gad, M. (2000). The Incidence of Deficit Finance with Imperfect Capital Markets. Southern Economic Journal, 66(3), pp. 649–666.
  16. Ben-Gad, M. (2000). Backwater. NEW REPUBLIC, 223(17), pp. 6–6.
  17. 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.
  18. Ben-Gad, M. (1999). The global laboratory. NEW REPUBLIC, 220(19), pp. 5–+.
  19. Ben-Gad, M. (1999). Correspondence on immigration of academics and scientists. New Republic, 220(19) .
  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. On the Political Economy of Deficit Bias and Immigration. The Economic Journal .
  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.



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

Other Activities

Keynote Lecture/Speech (2)

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

Online Article (14)

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

Television Programme (4)

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

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London EC1V 0HB

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