Tal Sadeh
Biographic Data
| ID | 4378384 |
|---|---|
| NAME | Tal Sadeh |
| GIVEN NAMES | Tal |
| FAMILY NAME | Sadeh |
| SIGNATURE | SADEH T |
| AFFILIATIONS | Tel Aviv University |
| ORCID | 0000-0002-9416-7906 |
| VERIFIED | Yes |
| TOTAL WORKS | 21 |
| TOTAL CITATIONS | 65 |
| AUTHOR COUNT | 21 |
| EDITOR COUNT | 0 |
| FIRST PUBLICATION YEAR | 1998 |
| LATEST PUBLICATION YEAR | 2024 |
| H-INDEX | 5 |
Agency independence and credibility in primary bond markets
Vast literature studies Independent Regulatory Agencies (IRAs). We contribute by studying the benefits of independence when the agent's work is relational and by studying developing and developed democracies worldwide and over many years. We do this by studying national Debt Management Offices (DMOs)—the state agencies that plan, issue, and manage national debt. DMOs define the benchmark assets on which capital markets and monetary policy depend—…
Big politics, small money: Euroscepticism's diminishing return in EU budget allocations
This study is motivated by the puzzle of diminishing gains in the European Union budget bargaining for governments with a Eurosceptic domestic audience, even as Euroscepticism is increasingly represented in national legislatures. Engaging literature on fiscal federalism in the European Union and the institutionalist politics of its budgetary process, we argue that European integration diminishes the ability of member states’ governments to levera…
Responsive voters – how European integration empowers Eurosceptic parties
European integration has been progressing even as support for Eurosceptic parties has been rising. Post-functionalist literature focuses on how public attitudes affect the progress of European integration (bottom-up), but the mechanism through which European integration affects domestic politics (top-down) is underexplored. Extreme parties on either the left or right are known to adopt a Polity-Eurosceptic agenda in order to realign the main dome…
Do euro area institutions benefit the small member states
In recent years, the pooling of authority among the member states of the euro area has intensified, expanding the remit of the Council, Commission and ECB. While it is commonly thought that large states dominate these institutions, a growing literature emphasizes the ability of small states to pursue their interests too. We explore whether the empowerment of euro area institutions was associated with relative net gains for small member states ove…
Perceived to slack: Secondary securitization and multilateral treaty ratification in Israel
This study emphasizes the place that cognitive processes rather than objective concerns have in ratification of multilateral treaties. We argue that secondary securitization by non-security experts hinders treaty ratification. When security is at stake, the potential costs of undesired action by the treaty’s IO are deemed higher, risk-aversion increases, and asymmetry among the member states’ policy perceptions is greater. Thus, our secondary sec…
Globalization and wartime trade
This article argues that on balance globalization does not increase, and may even reduce, the opportunity cost of Militarized Interstate Disputes (MIDs), as measured by foregone merchandise trade. Specifically, globalization makes it easier for states to substitute trade partners, makes it difficult to employ trade sanctions, makes credit more available to states at conflict, and encourages trade-substituting horizontal Foreign Direct Investment …
Autonomous agencies and relational contracts in government bond issues
In this article, we examine how national Debt Management Offices (DMOs) in developed countries handle governments’ relational contracts with lenders, which are characterized by potentially important information asymmetries. In response to privileged information, the DMO can adjust the maturity of the auctioned debt perfunctorily – signaling defection from the win‐win spirit of the contract – or consummately – signaling the government's cooperativ…
How did the euro area survive the crisis
Six recent books differ in their explanations as to how the euro area survived the crisis. In this review it is concluded that strong supranational institutions rather than German or Franco-German leadership, shared identity or the popular legitimacy of central institutions have been the crucial condition. Popular support for the euro has remained relatively high in many member states. While the crisis led to some expansion of the intergovernment…
War and Third-party Trade
Few studies explain how wars affect trade with third parties. We argue that wartime trade policies should raise trade with friendly and enemy-hostile third parties but reduce trade with hostile and enemy-friendly third parties. At the same time, the private motivation of firms and households may be incompatible with national wartime trade policies and constrain the effectiveness of wartime trade policies. Our directed dyadic data set consists of …
Is an ‘economic peace’ possible? Israel and globalization since the 1970s
This article argues that the tenure of left-wing governments in Israel in the past 40 years has been associated with faster socio-political globalization, while the tenure of right-wing ones has been associated with slower socio-political globalization. In contrast, the pace of Israel's economic globalization and the rise in its average income are found to have been unrelated to the government's political bias. Interestingly, income inequality is…
The euro’s effect on trade
This study argues that the euro area more than doubled trade among its members, but this process was delayed and fitful. The estimates in this article are close to those obtained by Rose and Frankel, despite the usage of methods developed by their critics. Furthermore, the euro area has increased the trade of its Mediterranean members more than the trade of other member states; it also raised trade with non-members by some 35%. The article innova…
In the vanguard of globalization: The OECD and international capital liberalization
A survey of the literature on the political economy of global financial liberalization shows how little has been written on the role of the OECD, and how the Principal-Agent (PA) theory, complemented by Constructivist tools, can be applied helpfully to analyse this process. We show that the OECD's Committee on Capital Movements and Invisible Transactions (CMIT) played an entrepreneurial role in encouraging the liberalization of capital flows. In …
The ever incomplete single market: Differentiation and the Evolving Frontier of Integration
Progress in market integration over the past two decades has come at the expense of growing flexibility in the laws that govern the single market (SM) as well as the way that these laws are implemented. This differentiated integration comes in four forms: soft; informal; multi-speed; and opt-out differentiation. We examine how the completion of the SM has been held back in the varied implementation of EU competition policy and variation in nation…
Explaining Europe’s Monetary Union: A Survey of the Literature
This article offers a survey of the literature on European Economic and Monetary Union (EMU), in particular works that deal with the question why EMU happened and, based on this literature, what one might be able to conclude about its sustainability. It reviews the literature by dividing up the analyses into four categories: those that explain EMU at the global and at the European Union (EU) levels of analysis, explanations at the national level,…
EMU's diverging micro foundations: A study of governments' preferences and the sustainability of EMU
The political economic literature on EMU suggests that its sustainability depends on the consolidation of the member states into a political community, based on shared beliefs in neo-liberal values, as well as the development of strong EU institutions and a well-integrated and liberalized common market. Have national governments in the EU become less favourable to policies that accordingly contribute to the sustainability of EMU? A dataset includ…
Economic Interests and the European Union: A Catalyst for European Integration or a Hindrance
The influence of economic interest groups on national policy-making on European Union-level policy and European integration seems to be case specific and circumstantial. Certain economic interests (for example, pension funds) are so influential that some of them become almost inseparable from the state. However, economic interests are less likely to become influential when broad institutional questions are \nnegotiated, rather than specific rules…
Legitimacy and efficiency: Revitalizing EMU ahead of enlargement
Eight years after the launch of its third stage, and on the brink of its expansion, the European Union's (EU) Economic and Monetary Union (EMU) has proven to be successful. However, EMU has also highlighted the diversity of its members economic performance, and their need to run larger public deficits than they initially committed to. This special issue attempts to find out what can be done to relieve the tensions in EMU. The source of EMU's diff…
Adjusting to the EMU: Electoral, Partisan and Fiscal Cycles
This study argues that coordination of electoral cycles among European Union (EU) member states and greater similarity in the partisan bias of their governments would make their membership in the single currency easier and cheaper by harmonizing their fiscal policies and would thus contribute to the sustainability of the Economic and Monetary Union (EMU). This argument is supported by applying a two-step least squares regression analysis to a cro…
Israel and a Euro-Mediterranean internal market
This article briefly surveys existing barriers to European Community (EC)-Israel trade in the sectors and fields of co-operation that the Commission and the Euro-Mediterranean ministerial conferences have identified as important to the formation of a Euro-Mediterranean internal market. In each issue area, the article describes the Israeli commitments under the Association Agreement and relevant multilateral agreements, and the practice of EC-Isra…
Some trade effects of the EMU process on Israel
This essay estimates five effects of the EMU process on Israel's trade with five major European countries, using the error correction method: (1) An increase in outsiders' relative costs; (2) A change of interest rates in Europe; (3) An enhanced volatility of the Euro; (4) An increase in insiders' welfare; (5) An increase in insiders' public consumption. Empirically, the first three effects are found to be muted. The fourth effect will boost Isra…
The European Union and Israel: The customs union alternative
Israel and the European Community (EC) signed a Free Trade Area (FTA) agreement in industrial goods in 1975, an agreement which has been implemented in full since 1989. Israel asked the EC during the 1980s to adjust this agreement to the global economic and technological developments and to the accession to the EC of three Mediterranean countries - Greece, Spain and Portugal - but the Europeans were not willing to open the agreement. The end of t…
The ever incomplete single market: Differentiation and the Evolving Frontier of Integration
Progress in market integration over the past two decades has come at the expense of growing flexibility in the laws that govern the single market (SM) as well as the way that these laws are implemented. This differentiated integration comes in four forms: soft; informal; multi-speed; and opt-out differentiation. We examine how the completion of the SM has been held back in the varied implementation of EU competition policy and variation in nation…
Explaining Europe’s Monetary Union: A Survey of the Literature
This article offers a survey of the literature on European Economic and Monetary Union (EMU), in particular works that deal with the question why EMU happened and, based on this literature, what one might be able to conclude about its sustainability. It reviews the literature by dividing up the analyses into four categories: those that explain EMU at the global and at the European Union (EU) levels of analysis, explanations at the national level,…
War and Third-party Trade
Few studies explain how wars affect trade with third parties. We argue that wartime trade policies should raise trade with friendly and enemy-hostile third parties but reduce trade with hostile and enemy-friendly third parties. At the same time, the private motivation of firms and households may be incompatible with national wartime trade policies and constrain the effectiveness of wartime trade policies. Our directed dyadic data set consists of …
Autonomous agencies and relational contracts in government bond issues
In this article, we examine how national Debt Management Offices (DMOs) in developed countries handle governments’ relational contracts with lenders, which are characterized by potentially important information asymmetries. In response to privileged information, the DMO can adjust the maturity of the auctioned debt perfunctorily – signaling defection from the win‐win spirit of the contract – or consummately – signaling the government's cooperativ…
The euro’s effect on trade
This study argues that the euro area more than doubled trade among its members, but this process was delayed and fitful. The estimates in this article are close to those obtained by Rose and Frankel, despite the usage of methods developed by their critics. Furthermore, the euro area has increased the trade of its Mediterranean members more than the trade of other member states; it also raised trade with non-members by some 35%. The article innova…
Globalization and wartime trade
This article argues that on balance globalization does not increase, and may even reduce, the opportunity cost of Militarized Interstate Disputes (MIDs), as measured by foregone merchandise trade. Specifically, globalization makes it easier for states to substitute trade partners, makes it difficult to employ trade sanctions, makes credit more available to states at conflict, and encourages trade-substituting horizontal Foreign Direct Investment …
In the vanguard of globalization: The OECD and international capital liberalization
A survey of the literature on the political economy of global financial liberalization shows how little has been written on the role of the OECD, and how the Principal-Agent (PA) theory, complemented by Constructivist tools, can be applied helpfully to analyse this process. We show that the OECD's Committee on Capital Movements and Invisible Transactions (CMIT) played an entrepreneurial role in encouraging the liberalization of capital flows. In …
Economic Interests and the European Union: A Catalyst for European Integration or a Hindrance
The influence of economic interest groups on national policy-making on European Union-level policy and European integration seems to be case specific and circumstantial. Certain economic interests (for example, pension funds) are so influential that some of them become almost inseparable from the state. However, economic interests are less likely to become influential when broad institutional questions are \nnegotiated, rather than specific rules…
Adjusting to the EMU: Electoral, Partisan and Fiscal Cycles
This study argues that coordination of electoral cycles among European Union (EU) member states and greater similarity in the partisan bias of their governments would make their membership in the single currency easier and cheaper by harmonizing their fiscal policies and would thus contribute to the sustainability of the Economic and Monetary Union (EMU). This argument is supported by applying a two-step least squares regression analysis to a cro…
How did the euro area survive the crisis
Six recent books differ in their explanations as to how the euro area survived the crisis. In this review it is concluded that strong supranational institutions rather than German or Franco-German leadership, shared identity or the popular legitimacy of central institutions have been the crucial condition. Popular support for the euro has remained relatively high in many member states. While the crisis led to some expansion of the intergovernment…
Israel and a Euro-Mediterranean internal market
This article briefly surveys existing barriers to European Community (EC)-Israel trade in the sectors and fields of co-operation that the Commission and the Euro-Mediterranean ministerial conferences have identified as important to the formation of a Euro-Mediterranean internal market. In each issue area, the article describes the Israeli commitments under the Association Agreement and relevant multilateral agreements, and the practice of EC-Isra…
The European Union and Israel: The customs union alternative
Israel and the European Community (EC) signed a Free Trade Area (FTA) agreement in industrial goods in 1975, an agreement which has been implemented in full since 1989. Israel asked the EC during the 1980s to adjust this agreement to the global economic and technological developments and to the accession to the EC of three Mediterranean countries - Greece, Spain and Portugal - but the Europeans were not willing to open the agreement. The end of t…
Agency independence and credibility in primary bond markets
Vast literature studies Independent Regulatory Agencies (IRAs). We contribute by studying the benefits of independence when the agent's work is relational and by studying developing and developed democracies worldwide and over many years. We do this by studying national Debt Management Offices (DMOs)—the state agencies that plan, issue, and manage national debt. DMOs define the benchmark assets on which capital markets and monetary policy depend—…
Do euro area institutions benefit the small member states
In recent years, the pooling of authority among the member states of the euro area has intensified, expanding the remit of the Council, Commission and ECB. While it is commonly thought that large states dominate these institutions, a growing literature emphasizes the ability of small states to pursue their interests too. We explore whether the empowerment of euro area institutions was associated with relative net gains for small member states ove…
EMU's diverging micro foundations: A study of governments' preferences and the sustainability of EMU
The political economic literature on EMU suggests that its sustainability depends on the consolidation of the member states into a political community, based on shared beliefs in neo-liberal values, as well as the development of strong EU institutions and a well-integrated and liberalized common market. Have national governments in the EU become less favourable to policies that accordingly contribute to the sustainability of EMU? A dataset includ…
Legitimacy and efficiency: Revitalizing EMU ahead of enlargement
Eight years after the launch of its third stage, and on the brink of its expansion, the European Union's (EU) Economic and Monetary Union (EMU) has proven to be successful. However, EMU has also highlighted the diversity of its members economic performance, and their need to run larger public deficits than they initially committed to. This special issue attempts to find out what can be done to relieve the tensions in EMU. The source of EMU's diff…
The European Union and Israel: The customs union alternative
Israel and the European Community (EC) signed a Free Trade Area (FTA) agreement in industrial goods in 1975, an agreement which has been implemented in full since 1989. Israel asked the EC during the 1980s to adjust this agreement to the global economic and technological developments and to the accession to the EC of three Mediterranean countries - Greece, Spain and Portugal - but the Europeans were not willing to open the agreement. The end of t…
Israel and a Euro-Mediterranean internal market
This article briefly surveys existing barriers to European Community (EC)-Israel trade in the sectors and fields of co-operation that the Commission and the Euro-Mediterranean ministerial conferences have identified as important to the formation of a Euro-Mediterranean internal market. In each issue area, the article describes the Israeli commitments under the Association Agreement and relevant multilateral agreements, and the practice of EC-Isra…
Some trade effects of the EMU process on Israel
This essay estimates five effects of the EMU process on Israel's trade with five major European countries, using the error correction method: (1) An increase in outsiders' relative costs; (2) A change of interest rates in Europe; (3) An enhanced volatility of the Euro; (4) An increase in insiders' welfare; (5) An increase in insiders' public consumption. Empirically, the first three effects are found to be muted. The fourth effect will boost Isra…
Adjusting to the EMU: Electoral, Partisan and Fiscal Cycles
This study argues that coordination of electoral cycles among European Union (EU) member states and greater similarity in the partisan bias of their governments would make their membership in the single currency easier and cheaper by harmonizing their fiscal policies and would thus contribute to the sustainability of the Economic and Monetary Union (EMU). This argument is supported by applying a two-step least squares regression analysis to a cro…
Legitimacy and efficiency: Revitalizing EMU ahead of enlargement
Eight years after the launch of its third stage, and on the brink of its expansion, the European Union's (EU) Economic and Monetary Union (EMU) has proven to be successful. However, EMU has also highlighted the diversity of its members economic performance, and their need to run larger public deficits than they initially committed to. This special issue attempts to find out what can be done to relieve the tensions in EMU. The source of EMU's diff…
Economic Interests and the European Union: A Catalyst for European Integration or a Hindrance
The influence of economic interest groups on national policy-making on European Union-level policy and European integration seems to be case specific and circumstantial. Certain economic interests (for example, pension funds) are so influential that some of them become almost inseparable from the state. However, economic interests are less likely to become influential when broad institutional questions are \nnegotiated, rather than specific rules…
Explaining Europe’s Monetary Union: A Survey of the Literature
This article offers a survey of the literature on European Economic and Monetary Union (EMU), in particular works that deal with the question why EMU happened and, based on this literature, what one might be able to conclude about its sustainability. It reviews the literature by dividing up the analyses into four categories: those that explain EMU at the global and at the European Union (EU) levels of analysis, explanations at the national level,…
EMU's diverging micro foundations: A study of governments' preferences and the sustainability of EMU
The political economic literature on EMU suggests that its sustainability depends on the consolidation of the member states into a political community, based on shared beliefs in neo-liberal values, as well as the development of strong EU institutions and a well-integrated and liberalized common market. Have national governments in the EU become less favourable to policies that accordingly contribute to the sustainability of EMU? A dataset includ…
The ever incomplete single market: Differentiation and the Evolving Frontier of Integration
Progress in market integration over the past two decades has come at the expense of growing flexibility in the laws that govern the single market (SM) as well as the way that these laws are implemented. This differentiated integration comes in four forms: soft; informal; multi-speed; and opt-out differentiation. We examine how the completion of the SM has been held back in the varied implementation of EU competition policy and variation in nation…
In the vanguard of globalization: The OECD and international capital liberalization
A survey of the literature on the political economy of global financial liberalization shows how little has been written on the role of the OECD, and how the Principal-Agent (PA) theory, complemented by Constructivist tools, can be applied helpfully to analyse this process. We show that the OECD's Committee on Capital Movements and Invisible Transactions (CMIT) played an entrepreneurial role in encouraging the liberalization of capital flows. In …
Is an ‘economic peace’ possible? Israel and globalization since the 1970s
This article argues that the tenure of left-wing governments in Israel in the past 40 years has been associated with faster socio-political globalization, while the tenure of right-wing ones has been associated with slower socio-political globalization. In contrast, the pace of Israel's economic globalization and the rise in its average income are found to have been unrelated to the government's political bias. Interestingly, income inequality is…
The euro’s effect on trade
This study argues that the euro area more than doubled trade among its members, but this process was delayed and fitful. The estimates in this article are close to those obtained by Rose and Frankel, despite the usage of methods developed by their critics. Furthermore, the euro area has increased the trade of its Mediterranean members more than the trade of other member states; it also raised trade with non-members by some 35%. The article innova…
How did the euro area survive the crisis
Six recent books differ in their explanations as to how the euro area survived the crisis. In this review it is concluded that strong supranational institutions rather than German or Franco-German leadership, shared identity or the popular legitimacy of central institutions have been the crucial condition. Popular support for the euro has remained relatively high in many member states. While the crisis led to some expansion of the intergovernment…
War and Third-party Trade
Few studies explain how wars affect trade with third parties. We argue that wartime trade policies should raise trade with friendly and enemy-hostile third parties but reduce trade with hostile and enemy-friendly third parties. At the same time, the private motivation of firms and households may be incompatible with national wartime trade policies and constrain the effectiveness of wartime trade policies. Our directed dyadic data set consists of …
Perceived to slack: Secondary securitization and multilateral treaty ratification in Israel
This study emphasizes the place that cognitive processes rather than objective concerns have in ratification of multilateral treaties. We argue that secondary securitization by non-security experts hinders treaty ratification. When security is at stake, the potential costs of undesired action by the treaty’s IO are deemed higher, risk-aversion increases, and asymmetry among the member states’ policy perceptions is greater. Thus, our secondary sec…
Globalization and wartime trade
This article argues that on balance globalization does not increase, and may even reduce, the opportunity cost of Militarized Interstate Disputes (MIDs), as measured by foregone merchandise trade. Specifically, globalization makes it easier for states to substitute trade partners, makes it difficult to employ trade sanctions, makes credit more available to states at conflict, and encourages trade-substituting horizontal Foreign Direct Investment …
Autonomous agencies and relational contracts in government bond issues
In this article, we examine how national Debt Management Offices (DMOs) in developed countries handle governments’ relational contracts with lenders, which are characterized by potentially important information asymmetries. In response to privileged information, the DMO can adjust the maturity of the auctioned debt perfunctorily – signaling defection from the win‐win spirit of the contract – or consummately – signaling the government's cooperativ…
Responsive voters – how European integration empowers Eurosceptic parties
European integration has been progressing even as support for Eurosceptic parties has been rising. Post-functionalist literature focuses on how public attitudes affect the progress of European integration (bottom-up), but the mechanism through which European integration affects domestic politics (top-down) is underexplored. Extreme parties on either the left or right are known to adopt a Polity-Eurosceptic agenda in order to realign the main dome…
Do euro area institutions benefit the small member states
In recent years, the pooling of authority among the member states of the euro area has intensified, expanding the remit of the Council, Commission and ECB. While it is commonly thought that large states dominate these institutions, a growing literature emphasizes the ability of small states to pursue their interests too. We explore whether the empowerment of euro area institutions was associated with relative net gains for small member states ove…
Big politics, small money: Euroscepticism's diminishing return in EU budget allocations
This study is motivated by the puzzle of diminishing gains in the European Union budget bargaining for governments with a Eurosceptic domestic audience, even as Euroscepticism is increasingly represented in national legislatures. Engaging literature on fiscal federalism in the European Union and the institutionalist politics of its budgetary process, we argue that European integration diminishes the ability of member states’ governments to levera…
Agency independence and credibility in primary bond markets
Vast literature studies Independent Regulatory Agencies (IRAs). We contribute by studying the benefits of independence when the agent's work is relational and by studying developing and developed democracies worldwide and over many years. We do this by studying national Debt Management Offices (DMOs)—the state agencies that plan, issue, and manage national debt. DMOs define the benchmark assets on which capital markets and monetary policy depend—…
Economics (21 works) · Political science (19 works) · European union (13 works) · Law (13 works) · Law (13 works) · Politics (12 works) · International economics (11 works) · International trade (10 works) · European Union Policy and Governance (9 works) · Global Financial Crisis and Policies (8 works)