Dr. Tal Sadeh
Ph.D., Hebrew University of Jerusalem, International Relations, 2001
Room Number: 535
European Union, International Political Economy, Exchange Rates Politics
Dr. Tal Sadeh is currently an assistant professor at the Department of Political Science in Tel-Aviv University. Earlier he was the Postdoctoral Fellow of the Leonard Davis Institute for International Relations at the Hebrew University of Jerusalem and a postdoctoral fellow at the Watson Institute for International Studies at Brown University. Dr. Sadeh held various academic teaching positions in recent years and earned experience also as an economist and a foreign exchange dealer. Dr. Sadeh has a Masters degree in Economics and completed his PhD in International Relations at the Hebrew University of Jerusalem. He specializes in European integration and in International Political Economy. The title of his dissertation was: Reinterpreting Money in Europe – A Dynamic Theory of Regimes. Currently Dr. Sadeh's research agenda focuses on the domestic politics of exchange rates. He is a member of the European Union Studies Association, The Israeli Association of International Studies and the Israeli Association for the Study of European Integration.
Adjusting to the EMU: Electoral, Partisan and Fiscal Cycles
Who Can Adjust to the Euro?
This is an electronic version of an article published in
The World Economy complete citation information for the final version of the paper, as published in the print edition of The World Economy, is available on the Blackwell Synergy online delivery service, accessible via the journal's website at http://www.blackwellpublishing.com/journal.asp?ref=0378-5920 or http://www.blackwell-synergy.com.
Submitted to refereed journals
‘The Surprising Left – A Rational Theory of Partisan Exchange Rate Policy’, American Political Science Review.
‘Hard Currencies for Hard Times – Terror Attacks and the Choice of Monetary Anchors’, Conflict Management and Peace Science.
‘One Money, One Vote? EMU, the Presidency and the Endogeneity of Electoral Cycles’, International Journal of Political Economy.
Revise and Resubmit
‘Central Banks’ Priorities and the Partisanship of Exchange Rates’, Journal of Policy Modelling.
(2006), Sustaining European Monetary Union: Confronting the Cost of Diversity (Boulder: Lynne Rienner).
(1996), The Future Relations between Israel and the European Communities - Some Alternatives (Tel Aviv: Bursi Publications) (co-authored with Moshe Hirsch and Eyal Inbar).
(2009), ‘EMU’s Diverging Micro Foundations - A Study of Governments’ Preferences and the Sustainability of EMU’, Journal of European Public Policy, 16, 3.
(2009), ‘Explaining Europe’s Monetary Union – A Survey of the Literature’, International Studies Review, 11, 2 (co-authored with Amy Verdun).
(2008), ‘Economic Interests and the European Union: A Catalyst for European Integration or a Hindrance?’, The British Journal of Politics and International Relations, 10, 1, 1-8 (co-authored with David Howarth).
(2007), ‘Policies Adjusting to EMU: Idiosyncrasy and Democratic Institutions’, ACES Cases, No. 2007.3. Available at:
(2007), ‘Legitimacy and Efficiency: Revitalizing EMU Ahead of Enlargement’, Review of International Political Economy, 14, 5, 739-45 (co-authored with Erik Jones and Amy Verdun).
(2006), ‘Adjusting to EMU: Electoral, Partisan and Fiscal Cycles’, European Union Politics, 7, 3, 347-72.
(2005), ‘Who Can Adjust to the Euro?’, The World Economy, 28, 11, 1651-78.
(2004), ‘Israel and a Euro-Mediterranean Internal Market’, Mediterranean Politics, 9, 1, 29-52.
(2004), ‘Some Trade Effects of the EMU Process on Israel’, Israel Affairs, 10, 1/2, 156-76.
(1999), ‘Israel and the EC - Is a Customs Union Better for Israel than an FTA?’, Israel Tax Quarterly, 26, 103, 27-43 (in Hebrew).
(1998), ‘The European Union and Israel - The Customs Union Alternative’, Israel Affairs, 5, 1, 87-108.
(1997), ‘The Economic Desirability of Middle Eastern Monetary Cooperation’, The World Economy, 20, 6, 809-27.
Chapters in edited volumes (refereed)
(2007), ‘Managing a Common Currency: Political and Cultural Preferences’, in Lars Jonung and Jürgen Nautz (eds.), Conflict Potentials in Monetary Unions (Stuttgart: Franz Steiner), 131-156.
(2004), ‘Some Trade Effects of the EMU Process on Israel’, in Efraim Karsh (ed.) Israel: The First Hundred Years - Volume IV Israel in the International Arena (London: Frank Cass), 156-176.
(2001), ‘Disequilibrium’, in R. J. Barry Jones (ed.), Encyclopedia of International Political Economy (London: Routledge).
(2001), ‘Benign Neglect’, in R. J. Barry Jones (ed.), Encyclopedia of International Political Economy (London: Routledge).
Edited volumes (refereed)
(2008), ‘Economic Interests and European Integration’, The British Journal of Politics and International Relations, 10, 1 (special issue co-edited with David Howarth).
(2007), ‘Europe’s Expanding Currency: Fiscal Stability and Democratic Legitimacy’, Review of International Political Economy, 14, 5 (special issue co-edited with Erik Jones and Amy Verdun).
Chapters in edited volumes (not refereed)
(2007), ‘The EU, Israel and Lebanon: The Political Economy of Post-War Reconstruction’, in Roby Nathanson and Stephan Stetter (eds.) The Middle East Under Fire? EU-Israel Relations in a Region Between War and Conflict Resolution (Tel Aviv: Friedrich-Ebert-Stiftung) 166-93.
(2007), ‘Taking Stock of the Action Plan: An Israeli Perspective’, in Roby Nathanson and Stephan Stetter (eds.) The Middle East Under Fire? EU-Israel Relations in a Region Between War and Conflict Resolution (Tel Aviv: Friedrich-Ebert-Stiftung) 29-36.
(2004), ‘The Potential for Anchoring MNMCs to the Euro Block’, in Peter Xuereb (ed.) The European Union and the -Mediterranean - The Mediterranean’s European Challenge - Volume V (Malta: European Documentation and Research Center) 569-93.
(2002), ‘Israel and a Euro-Mediterranean Internal Market – A Survey of existing Barriers to Trade and Possible Remedies’, in Peter Xuereb (ed.) Euro-Mediterranean Integration - The Mediterranean’s European Challenge - Volume III (Malta: European Documentation and Research Center), 182-243.
(1998), ‘Adjusting to the European Community: A Brief Analysis of the Economic Gains and Problems for Israel‘, in P. Xuereb (ed.) The Mediterranean’s European Challenge, (Msida: EDRC - University of Malta), 127-47 (co-authored with Moshe Hirsch).
Other non-refereed publications
(2007), ‘Monetary Stability Under Conditions of Corruption and Terror’, The Macro Center for Political Economics, Senate Papers, 308 (in Hebrew).
(2006), ‘Appropriate Social Representation versus Cabinet Stabilization in Israel: Lessons from 1990s Europe’, Israeli Institue for Economic and Social research, Senate Papers, 281 (in Hebrew).
(2002), ‘A Sustainable EU-CEEC Common Currency? Debt Policies and Domestic Politics as OCA Criteria’, The Helmut Kohl Institute for European Studies Working Papers, 28/2002.
(1998), ‘Some Trade Effects of EMU on Israel’, The Helmut Kohl Institute for European Studies Working Papers, 12/98.
(1998), ‘‘Israel y la Economía Europea‘, Economía Exterior, 5, 81-6.
(1998), ‘Interest Rates Effects on Trade - EMU and Third Parties’, Institut Européen de l’Université de Genève - Articles et Conférences, 7-1998.
(1997), ‘The Economic Desirability of Middle Eastern Monetary Cooperation’, The Helmut Kohl Institute for European Studies Working Papers, 1.
(1997), ‘Middle-Eastern Monetary Integration - Institutional Frameworks’, The Helmut Kohl Institute for European Studies Working Papers, 4.
Recent Reviews for Academic Journals
2008 European Union Politics, North American Journal of Economics and Finance, Political Studies, Review of International Studies.
2007 European Union Politics