Ilzetzki, Ethan

Dr Ethan Ilzetzki  

Department

Position held

Lecturer in Economics

 

Experience keywords:

development macroeconomics; economic development; fiscal policy; international finance; international financial institutions; international macroeconomics; macroeconomics

Research summary > [Click to expand]

Ethan Ilzetzki's research focuses on the macroeconomics of fiscal policy. His work combines both theory and empirical studies in an attempt to shed light on the conduct and effects of fiscal policy, with a particular interest in the fiscal policy in developing countries.

Examples of Ethan's recent research include his study 'Rent-Seeking Distortions and Fiscal Procyclicality', which combines macroeconomic methods with insights from political economy with the aim of explaining the behavior of fiscal policymakers in developing countries. His research 'How Big (Small?) are Fiscal Multipliers?' (with Carlos A. Vegh and Enrique E. Mendoza) shows that fiscal policy can be very effective in closed economies and those with fixed exchange rates, but is not as potent in open countries and those with flexible exchange rates. It also demonstrates that fiscal policy can be counterproductive in highly indebted developing countries, and that government investment is a more potent fiscal tool than other forms of government spending.

Languages:

French [Spoken: Intermediate, Written: Intermediate]; German [Spoken: Intermediate, Written: Intermediate]; Hebrew [Spoken: Fluent, Written: Fluent]; Spanish [Spoken: Intermediate, Written: Intermediate]

Contact Points

Alt phone number:

+44 (0)20 7955 7510

Publications

2017

Den Haan, Wouter J. and Ilzetzki, Ethan and Ellison, Martin and McMahon, Michael (2017) Flexible labour markets, real wages and economic recoveries LSE Business Review (30 May 2017) Blog entry

Den Haan, Wouter J. and Ilzetzki, Ethan and Ellison, Martin and McMahon, Michael and Reis, Ricardo (2017) Is the era of central bank independence drawing to a close? LSE Business Review (10 Jan 2017) Blog entry

Ilzetzki, Ethan and Simonelli, Saverio (2017) Measuring productivity dispersion:Lessons from counting one-hundred million ballots CFM discussion paper series, CFM-DP2017-25. Centre For Macroeconomics, London, UK.

Den Haan, Wouter and Ilzetzki, Ethan and Ellison, Martin (2017) Global risks from rising debt and asset prices LSE Business Review (16 Oct 2017) Blog entry

2016

Den Haan, Wouter J. and Ilzetzki, Ethan and Ellison, Martin and McMahon, Michael and Reis, Ricardo (2016) Is a loose monetary policy still appropriate for the Eurozone? LSE Business Review (8 Nov 2016) Blog entry

Den Haan, Wouter J. and Ilzetzki, Ethan and Ellison, Martin and McMahon, Michael (2016) Brexit and the economy: are economists out of touch with voters and politicians? LSE European Politics and Policy (EUROPP) Blog (10 Aug 2016) Blog entry

Den Haan, Wouter J. and Ellison, Martin and Ilzetzki, Ethan and McMahon, Michael and Reis, Ricardo (2016) A vote to leave will increase financial market volatility LSE Brexit (2 Mar 2016) Blog entry

2013

Besley, Timothy and Ilzetzki, Ethan and Persson, Torsten (2013) Weak states and steady states: the dynamics of fiscal capacity American Economic Journal: Macroeconomics, 5 (4). 205-235. ISSN 1945-7707

Ilzetzki, Ethan (2013) In its opposition to the Affordable Care Act, the Tea Party is not defending the ideals of the founding fathers, but subverting them LSE American Politics and Policy (7 Oct 2013) Blog entry

Ilzetzki, Ethan and Mendoza, Enrique G. and Végh, Carlos A. (2013) How big (small?) are fiscal multipliers? Journal of Monetary Economics, 60 (2). 239-254. ISSN 0304-3932

2012

Ilzetzki, Ethan and Pinder, Jonathan (2012) Recession and recovery: the US policy debate on taxes, spending and public debt US ELECTION ANALYSIS NO. 1, CEPUSA001. The London School of Economics and Political Science, Center of Economic Performance, London, UK.

Ilzetzki, Ethan and Pinder, Jonathan (2012) Given the enormity of the short- and long-run fiscalchallenges facing the US, the lack of policy detail from bothpresidential candidates is disappointing British Politics and Policy at LSE (25 Oct 2012) Blog entry

Ilzetzki, Ethan and Pinder, Jonathan (2012) Monetary or fiscal stimulus can help only if unemployment is cyclical; otherwise, if unemployment is structural expansionary policies will lead only to inflation. Careful recent analyses indicate that unemployment is mainly cyclical in the US British Politics and Policy at LSE (24 Oct 2012) Blog entry

2011

Ilzetzki, Ethan (2011) Rent-seeking distortions and fiscal procyclicality Journal of Development Economics, 96 (1). 30-46. ISSN 0304-3878

Ilzetzki, Ethan and Mendoza, Enrique G. and Végh Gramont, Carlos A. (2011) How big (small?) are fiscal multipliers? Working Paper, 11/52. International Monetary Fund. ISBN 9781455218028

2010

Centre for Economic Performance, and Machin, Stephen and Van Reenen, John and Wadsworth, Jonathan and Marie, Olivier and McNally, Sandra and Cooper, Zack and McGuire, Alistair and Bell, Brian and Garicano, Luis and Petrongolo, Barbara and Cunningham, Tom and Ilzetzki, Ethan and Overman, Henry G. and Martin, Ralf (2010) CEP election analysis 2010: a series discussing the research evidence on some of the key battlegrounds of the 2010 General Election Centre for Economic Performance, London School of Economics and Political Science, London, UK.

Besley, Timothy and Ilzetzki, Ethan and Persson, Torsten (2010) Weak states and steady states: the dynamics of fiscal capacity. In: The Political Economy of Economic Development, April 30th - May 1st 2010, Manresa, Spain

Ilzetzki, Ethan and Cunningham, Tom (2010) LSE centre for economic performance – macroeconomics and public finance: the worst is yet to come British Politics and Policy at LSE (23 Apr 2010) Blog entry

Cunningham, Tom and Ilzetzki, Ethan (2010) Macroeconomics and public finances: the worst is yet to come CEP Election Analysis, CEPEA013. The London School of Economics and Political Science, Center of Economic Performance, London, UK.

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