Ono Academic College is proud to share Prof. Yaron Zelekha’s book, Uncertainty, Expectations and Macroeconomic Policies in Israel with students. The book, published in 2009, offers a structured description of the effect of uncertainty on various macro-economic sectors and evaluate its proper role in the decision-making processes for setting optimal macroeconomic policy. The book received high praise, including a favorable review by Prof. Shmuel Hauser, head Israel Securities Authority:

 

Dr. Zelekha’s book is a groundbreaking work and innovative in the context of the Israeli economy. The book deals with the relationship between uncertainty and economic policy in Israel. Written in the author's unique style, this fascinating book deals with an issue that has not previously been discussed with respect to the Israel economy. It is important because Israeli policy makers do not refer to the impact of uncertainty on macroeconomic policy management in Israel, especially in light of the current global crisis. It enrich readers with unique perspective on the economy, and discusses a range of parameters and data on private consumption, private investment, public consumption, growth, inflation and public expectations of economic actors, and the connection of these factors to uncertainty in decision-making process for setting macroeconomic policies in Israel.