What it is about
The podcast TAU Unbound features an insightful episode discussing the incredible journey of Prof. Leo Leiderman, one of Israel’s formative economists. Hosted by Ido Aharoni, the episode delves into Leiderman’s significant role in transforming Israel’s economic landscape. His journey from Argentina to Israel and extraordinary achievements as Bank Hapoalim’s Chief Economic Advisor are showcased, offering listeners a comprehensive look at a life dedicated to economic development.
Why it matters
This discussion highlights how Prof. Leiderman has been instrumental in Israel’s economic evolution, especially his contributions to the critical shift towards an inflation-targeting regime in the 1990s. His practical approach, leveraging empirical research over theoretical economics, and his resilience against macroeconomic challenges have helped position Israel as a model of economic stability.
The meticulous journey of Prof. Leo Leiderman
Born in Cordoba, Argentina, and aligning himself with the Zionist movement, Leiderman pursued economic empowerment in Israel following his relocation after the Six-Day War. His unique background, including his academic training under Nobel laureate Prof. Robert E. Lucas Jr., built a foundation that enabled him to address Israel’s inflation challenges and drive innovative solutions.
The challenges and innovations
Throughout the podcast, listeners explore Leiderman’s fight against hyperinflation in the 1980s and learn about steadfast policies that brought inflation under control. Strong insights are provided into historical economic events and Leiderman’s methodical handling of Israel’s government deficits and central bank operations.
The broader picture
Leiderman’s assured presence in international financial discussions underscores Israel’s progress. His reflections possess valuable wisdom on how global disruptions, such as the 2008 financial crisis and COVID-19 pandemic, have nudged economies toward more adaptable policies.
Profound Influence and legacy
Prof. Leo Leiderman’s contributions continue to resonate within Israel’s modern economy and global economic landscape, signaling his legacy as both an innovative thinker and an economic architect.
This story was first published on jpost.com.