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He emigrated to Israel in 1969 and began his academic career at Tel Aviv
University in 1980. He published extensively throughout his career, with notable works includingMoney and the Dispersion of Relative Prices",
46:, December 1991; and "Long-Run Implications of Investment-Specific Technological Progress" with Jeremy Greenwood and Per Krusell, American Economic Review, June 1997.
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30:'s School of Economics and has been a member of the montetary committee of the
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61:. In 1980 he received his PhD in economics from the
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