Ilek Alex


Senior Economist






Senior Economist, Modeling Unit in the Monetary Division - Research Department 


Ph.D., Economics, Goethe University, Germany, 2010

M.A., Economics, Ben-Gurion University, 2002

B.A., Economics, Ben-Gurion University, 2000

Professional Experience

2016- Senior Researcher in Research Department, Bank of Israel

2010-2015 Economist in Research Department, Bank of Israel

2007-2010 Research and Teaching Assistant, Goethe University, Germany

2003-2007 Economist in Monetary Department, Bank of Israel

200-2002 Teaching assistant, Ben-Gurion University​

Fields of interest

Optimal monetary policy under uncertainty, Macro models of the term structure, Macro-Finance models, Adaptive learning in Macroeconomics, Econometrics, Empirical macroeconomic modeling


Professional publications that were not published by the Bank of Israel


* The term premium in a small open economy: A micro-founded approach (with Irit Rozenshtrom), International Review of Economics and Finance, (forthcoming)

A note on the rationality test, Macroeconomic Dynamics,   

Vol. 21, Issue 8, pp.2121-2137, 2017.

Learning under signal-to-noise ratio uncertainty, Studies in Non-Linear Dynamics and Econometrics, Vol. 17, Issue 1, pp, 43-87, 2013.

*The Information content of Inflationary expectations derived from Bond prices in Israel (with D.Elkayam), Advances in Econometrics: Measurement Error – Econometrics and Practice, volume 24, 2009.Emerald Books.

*Wicksell’s Classical Dichotomy - Is the natural rate of interest independent of money rate of interest (with M.Beenstock), Journal of Macroeconomics, Vol.32, 2009.

 * Estimating NAIRU for Israel, 1992-2012 (with D.Elkayam), רבעון לכלכלה, 2015 (forthcoming).

 * Estimating the premium implicit in the yields of Treasury Bills (with N.Klein and T.Suhoy), Israel Economic Review Vol. 4, No. 2 (2006), 53–83.

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