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Zvi Eckstein
Zvi Eckstein ( he, צבי אקשטיין, born April 9, 1949) is a full professor, dean, Arison School of Business and Tiomkin School of Economics at The Interdisciplinary Center Herzliya - IDC. Emeritus Professor at the Eitan Berglas School of Economics, Tel Aviv University. Head, the Aaron Economic Policy Institute, IDC, Herzliya. University of Pennsylvania, the Wharton School, Finance Department, Judith C. and William G. Bollinger Visiting Professor Served as deputy governor, Bank of Israel (2006-2011). The Walras-Bowely Lecturer, the Econometric Society, North America Summer Meetings, Pittsburgh, US, June 19, 2008. Fellow of the Econometric Society. Biography Zvi Eckstein was born in Ramat Gan and moved with his mother to Kibbutz Yakum, where he lived until after his army service. He served in the armored corps of the IDF. Has a bachelor's degree in economics from Tel Aviv University (1974). Did his doctorate at University of Minnesota, USA (1976-1980), for which he received ...
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Ramat Gan
Ramat Gan ( he, רָמַת גַּן or , ) is a city in the Tel Aviv District of Israel, located east of the municipality of Tel Aviv and part of the Tel Aviv metropolitan area. It is home to one of the world's major diamond exchanges, and many high-tech industries. Ramat Gan was established in 1921 as a moshav shitufi, a communal farming settlement. In it had a population of . History Ramat Gan was established by the ''Ir Ganim'' association in 1921 as a satellite town of Tel Aviv. The first plots of land were purchased between 1914 and 1918. It stood just south of the Arab village of Jarisha. The settlement was initially a moshava, a Zionist agricultural colony that grew wheat, barley and watermelons. The name of the settlement was changed to Ramat Gan (lit: ''Garden Height'') in 1923. The settlement continued to operate as a moshava until 1933, although it achieved local council status in 1926. At this time it had 450 residents. In the 1940s, Ramat Gan became a battlegr ...
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Pittsburgh
Pittsburgh ( ) is a city in the Commonwealth (U.S. state), Commonwealth of Pennsylvania, United States, and the county seat of Allegheny County, Pennsylvania, Allegheny County. It is the most populous city in both Allegheny County and Western Pennsylvania, the List of municipalities in Pennsylvania#Municipalities, second-most populous city in Pennsylvania behind Philadelphia, and the List of United States cities by population, 68th-largest city in the U.S. with a population of 302,971 as of the 2020 United States census, 2020 census. The city anchors the Pittsburgh metropolitan area of Western Pennsylvania; its population of 2.37 million is the largest in both the Ohio Valley and Appalachia, the Pennsylvania metropolitan areas, second-largest in Pennsylvania, and the List of metropolitan statistical areas, 27th-largest in the U.S. It is the principal city of the greater Pittsburgh–New Castle–Weirton combined statistical area that extends into Ohio and West Virginia. Pitts ...
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International Monetary Fund
The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution, headquartered in Washington, D.C., consisting of 190 countries. Its stated mission is "working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world." Formed in 1944, started on 27 December 1945, at the Bretton Woods Conference primarily by the ideas of Harry Dexter White and John Maynard Keynes, it came into formal existence in 1945 with 29 member countries and the goal of reconstructing the international monetary system. It now plays a central role in the management of balance of payments difficulties and international financial crises. Countries contribute funds to a pool through a quota system from which countries experiencing balance of payments problems can borrow money. , the fund had XDR 477 billion (a ...
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World Bank
The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects. The World Bank is the collective name for the International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA), two of five international organizations owned by the World Bank Group. It was established along with the International Monetary Fund at the 1944 Bretton Woods Conference. After a slow start, its first loan was to France in 1947. In the 1970s, it focused on loans to developing world countries, shifting away from that mission in the 1980s. For the last 30 years, it has included NGOs and environmental groups in its loan portfolio. Its loan strategy is influenced by the Sustainable Development Goals as well as environmental and social safeguards. , the World Bank is run by a president and 25 executive directors, as well as 29 various vice ...
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Economic Model
In economics, a model is a theoretical construct representing economic processes by a set of variables and a set of logical and/or quantitative relationships between them. The economic model is a simplified, often mathematical, framework designed to illustrate complex processes. Frequently, economic models posit structural parameters. A model may have various exogenous variables, and those variables may change to create various responses by economic variables. Methodological uses of models include investigation, theorizing, and fitting theories to the world. Overview In general terms, economic models have two functions: first as a simplification of and abstraction from observed data, and second as a means of selection of data based on a paradigm of econometric study. ''Simplification'' is particularly important for economics given the enormous complexity of economic processes. This complexity can be attributed to the diversity of factors that determine economic activity; ...
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Rational Expectations
In economics, "rational expectations" are model-consistent expectations, in that agents inside the model A model is an informative representation of an object, person or system. The term originally denoted the plans of a building in late 16th-century English, and derived via French and Italian ultimately from Latin ''modulus'', a measure. Models c ... are assumed to "know the model" and on average take the model's predictions as valid. Rational expectations ensure internal consistency in models involving uncertainty. To obtain consistency within a model, the predictions of future values of economically relevant variables from the model are assumed to be the same as that of the decision-makers in the model, given their information set, the nature of the random processes involved, and model structure. The rational expectations assumption is used especially in many contemporary macroeconomic models. Since most macroeconomic models today study decisions under uncertainty and o ...
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Doctoral Dissertation
A thesis ( : theses), or dissertation (abbreviated diss.), is a document submitted in support of candidature for an academic degree or professional qualification presenting the author's research and findings.International Standard ISO 7144: DocumentationPresentation of theses and similar documents International Organization for Standardization, Geneva, 1986. In some contexts, the word "thesis" or a cognate is used for part of a bachelor's or master's course, while "dissertation" is normally applied to a doctorate. This is the typical arrangement in American English. In other contexts, such as within most institutions of the United Kingdom and Republic of Ireland, the reverse is true. The term graduate thesis is sometimes used to refer to both master's theses and doctoral dissertations. The required complexity or quality of research of a thesis or dissertation can vary by country, university, or program, and the required minimum study period may thus vary significantly in du ...
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Doctorat
A doctorate (from Latin ''docere'', "to teach"), doctor's degree (from Latin ''doctor'', "teacher"), or doctoral degree is an academic degree awarded by universities and some other educational institutions, derived from the ancient formalism ''licentia docendi'' ("licence to teach"). In most countries, a research degree qualifies the holder to teach at university level in the degree's field or work in a specific profession. There are a number of doctoral degrees; the most common is the Doctor of Philosophy (PhD), awarded in many different fields, ranging from the humanities to scientific disciplines. In the United States and some other countries, there are also some types of technical or professional degrees that include "doctor" in their name and are classified as a doctorate in some of those countries. Professional doctorates historically came about to meet the needs of practitioners in a variety of disciplines. Many universities also award honorary doctorates to individuals de ...
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Economics
Economics () is the social science that studies the Production (economics), production, distribution (economics), distribution, and Consumption (economics), consumption of goods and services. Economics focuses on the behaviour and interactions of Agent (economics), economic agents and how economy, economies work. Microeconomics analyzes what's viewed as basic elements in the economy, including individual agents and market (economics), markets, their interactions, and the outcomes of interactions. Individual agents may include, for example, households, firms, buyers, and sellers. Macroeconomics analyzes the economy as a system where production, consumption, saving, and investment interact, and factors affecting it: employment of the resources of labour, capital, and land, currency inflation, economic growth, and public policies that have impact on glossary of economics, these elements. Other broad distinctions within economics include those between positive economics, desc ...
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Bachelor's Degree
A bachelor's degree (from Middle Latin ''baccalaureus'') or baccalaureate (from Modern Latin ''baccalaureatus'') is an undergraduate academic degree awarded by colleges and universities upon completion of a course of study lasting three to six years (depending on institution and academic discipline). The two most common bachelor's degrees are the Bachelor of Arts (BA) and the Bachelor of Science (BS or BSc). In some institutions and educational systems, certain bachelor's degrees can only be taken as graduate or postgraduate educations after a first degree has been completed, although more commonly the successful completion of a bachelor's degree is a prerequisite for further courses such as a master's or a doctorate. In countries with qualifications frameworks, bachelor's degrees are normally one of the major levels in the framework (sometimes two levels where non-honours and honours bachelor's degrees are considered separately). However, some qualifications titled bachelor's ...
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Israel Defense Forces
The Israel Defense Forces (IDF; he, צְבָא הַהֲגָנָה לְיִשְׂרָאֵל , ), alternatively referred to by the Hebrew-language acronym (), is the national military of the Israel, State of Israel. It consists of three service branches: the Israeli Ground Forces, the Israeli Air Force, and the Israeli Navy. It is the sole military wing of the Israeli security forces, Israeli security apparatus, and has no civilian jurisdiction within Israel. The IDF is headed by the Chief of the General Staff (Israel), Chief of the General Staff, who is subordinate to the Ministry of Defense (Israel), Israeli Defense Minister. On the orders of David Ben-Gurion, the IDF was formed on 26 May 1948 and began to operate as a Conscription in Israel, conscript military, drawing its initial recruits from the already-existing paramilitaries of the Yishuv—namely Haganah, the Irgun, and Lehi (militant group), Lehi. Since its formation shortly after the Israeli Declaration of Independen ...
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Armored Corps (Israel)
, ''Ha'adam she'Ba Tank Ye'na'tzeah'') , song= , mascot= , equipment= , equipment_label= , battles= * War of Independence * Sinai War * Six-Day War * War of Attrition * Yom Kippur War * First Lebanon War * First Intifada * Second Intifada * Second Lebanon War * Gaza War * Operation Protective Edge , anniversaries= , decorations= , battle_honours= , commander1= Guy Hason , commander1_label= , commander2= , commander2_label= , commander3= , commander3_label= , commander4= , commander4_label= , notable_commanders= , identification_symbol= , identification_symbol_label=Cap badge , identification_symbol_2= , identification_symbol_2_label=Flag , identification_symbol_3= , identification_symbol_3_label= , identification_symbol_4= , identification_symbol_4_label= , aircraft_helicopter= The Israeli Armored Corps ( he, חֵיל הַשִּׁרְיוֹן, ''Heil HaShiryon'') is a corps of the Israel Defense Forces that, since 1998, has been subordinate to GOC Army Headquarters. The A ...
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