Economic Affairs
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The 2023-25 Hamas-Israel war proved to be not only the longest war in Israel's history but, remarkably, given that Hamas is a non-state terrorist organization, a war with profound regional consequences. As multiple regional and global actors seek to influence the "day after" in Gaza for their own strategic interests, questions about the broader meaning and implications of the Gaza-centered conflict assume greater international importance. The war has catalyzed a series of regional and global shifts, exposing the limits of external actors, testing the resilience of long-standing alliances, and reshaping the strategic landscape of the Middle East. In this timely conversation, moderated by Or Rabinowitz, Oded Ailam, former head of the Mossad’s Counterterrorism Division, will offer an in-depth analysis of how the Hamas-Israel war continues to reverberate across the region and beyond.

ABOUT THE SPEAKER

Oded Ailam is a seasoned security and intelligence expert with a career spanning over two decades in Israel’s elite intelligence agency the Mossad. Among his many high-ranking roles, he was the director of the Mossad’s Counter-Terrorism Center (CTC). After retiring from the Mossad, Ailam transitioned into the private sector, offering security and strategic consulting services. Ailam is frequently invited to lecture at international conferences. His insights are regularly featured on FOX News, CNN, Newsmax, The Washington Post, Newsweek, as well as most of the major European media. Ailam writes regularly in Israel Hayom newspaper and other international outlets and appears regularly on prime-time television in Israel.  Ailam is a senior researcher in the Jerusalem Center for Security and Foreign Affairs (JCFA), and an advising analyst to FDD, the Foundation for Defense of Democracies in Washington. Ailam is a graduate of Ben-Gurion University, where he earned a degree in Industrial Engineering and Management. He also founded a company specializing in industrial quality control solutions. He published his first short novel, a bestseller in Israel. He is a writer and contributor to scripts in Hollywood, France, and Israel, bringing his expertise in espionage and security to the world of storytelling.

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Or Rabinowitz

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Oded Ailam
Seminars

Wednesday, February 25, 10:00 am PT. Click to register.

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This paper analyzes interactions  between corporate governance and law enforcement practices, focusing on cases where deterrence is weak and harmful misconduct is profitable. We show how managerial compensation contracts, including stock-based compensation and insurance that shields managers from liability, systematically undermine enforcement efforts aimed both at the corporation and at managers. We also show that common enforcement policies such as discounting penalties when corporations voluntarily self-report or implement compliance programs can actually lead to more social harm by increasing the profitability of misconduct. Our results suggest that to be effective policies designed to deter corporate misconduct must account for interactions between external governance, such as laws and their enforcement, and internal governance mechanisms such as managerial compensation. The analysis offers insights into how to improve the deterrence of corporate misconduct.
 

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Publication Type
Working Papers
Publication Date
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Stanford University Graduate School of Business Research Paper Forthcoming
Authors
Anat R. Admati
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Professor Karnit Flug served the the Governor of the Bank of Israel from 2013 to 2018, overseeing the stability of the country's financial system and advising the Israeli government on economic policy, taxation, and growth strategies. In a career spanning four decades, Professor Flug has gained an unparalled insider's view into the stucture, strengths, vulnerabilities, and possible trajectories of the Israeli economy. After two years of war and growing international challenges, where is the Israeli economy now and where might it be going? Join Amichai Magen in conversation with Karnit Flug. 

ABOUT THE SPEAKER

Karnit Flug is the William Davidson Senior Fellow for Economic Policy at the Center for Governance and the Economy at the Israel Democracy Institute. After she completed her five-year term as Governor of the Bank of Israel in 2018, she joined the Department of Economics at Hebrew University. Prior to her appointment as Governor, Flug was the Bank of Israel’s Deputy Governor. Previously, Flug was Director of the Research Department and Chief Economist of the Bank of Israel. She published numerous papers on macroeconomic policies, the labor market, balance of payments and social policies. She was an economist at the International Monetary Fund, before returning to Israel to join the Research Department of the Bank of Israel. She also worked at the Inter-American Development Bank in Washington D.C. as a Senior Research Economist. She served on a number of public and government committees, including the Committee on Increasing Competitiveness in the Economy, the Committee for Social and Economic Change ("the Trajtenberg Committee"), the Defense Budget. Flug received her M.A. (cum laude) in Economics from The Hebrew University of Jerusalem, and her Ph.D. in Economics from Columbia University.

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Amichai Magen
Amichai Magen

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Karnit Flug
Seminars

Join us for our next webinar with Karnit Flug, the William Davidson Senior Fellow for Economic Policy at the Center for Governance and the Economy at the Israel Democracy Institute, on Wednesday, February 11, at 10:00 am PT.

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The 1979 Islamic Revolution in Iran turned what were formerly close allies into mortal enemies. For decades after the revolution, Iran and Israel fought each other in the shadows - through clandestine operations and proxies - but avoided direct military confrontation. This changed dramatically over the past two years. With Iran on the verge of nuclear breakout, the Islamic Republic launched hundreds of ballistic missiles against Israel in April and October of 2024. Having coordinated its response closely with the United States, Israel struck back in June 2025, aiming to destroy Iran’s ballistic missile stockpiles and set back its nuclear program. What were the actual outcomes of the 12-day Iran-Israel war? Is Iran more motivated than ever to acquire nuclear weapons? And what comes next in the Iran-Israel conflict? Join Or Rabinowitz in conversation with Sima Shine and Raz Zimmt. 

ABOUT THE SPEAKERS

Sima Shine is a Senior Researcher and former Director of the research program "Iran and the Shiite Axis" at the Institute for National Security Studies (INSS). For most of her career, Ms. Shine served in the Israeli Intelligence Community. Her last position was Head of the Research & Evaluation Division of the Mossad (2003-2007).  After her retirement from the Mossad, Shine served as Deputy Head of Strategic Affairs in Israel's National Security Council (2008-2009) and then (2009 -2016) served in the Ministry of Strategic Affairs, where she was responsible, inter alia, for the Iranian file and was deputy Director General.

Dr. Raz Zimmt is the Director of the Iran and the Shiite Axis research program at the Institute for National Security Studies (INSS). He is also the co-editor of the institute’s journal, Strategic Assessment. He holds a master's degree and a Ph.D. in Middle Eastern history from Tel Aviv University. His Ph.D. dissertation focused on Iranian policy towards Nasserism and Arab radicalism between 1954 and 1967. Additionally, he is a research fellow at the Alliance Center for Iranian Studies at Tel-Aviv University. He is the author of the book “Iran From Within: State and Society in the Islamic Republic," published (in Hebrew) in 2022, and has published extensively on Iranian politics, society, and foreign policy. He has also regularly provided expert commentary to Israeli and international media. Dr. Zimmt is a veteran Iran watcher in the Israeli Defense Forces, where he served for more than two decades.

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Or Rabinowitz

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Sima Shine
Raz Zimmt
Seminars
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Emmanuel Navon webinar

French-born Israeli political scientist, author, and foreign policy expert, Emmanuel Navon is the author of several books, including The Star and the Scepter: A Diplomatic History of Israel, published in 2020 and which has since been translated into French, Hebrew, Italian, Japanese, and Mandarin. A comprehensive, historically informed survey of Israel's external relations, The Star and the Scepter provides a unique vantage point from which to explore the past, present, and possible futures of Israel's place in the world. Join Amichai Magen in conversation with Emmanuel Navon.

ABOUT THE SPEAKER

Dr. Emmanuel Navon lectures in International Relations at Tel Aviv University, is a Senior Fellow at the Jerusalem Institute for Strategy and Security (JISS) and is a foreign affairs analyst for i24news. The author of four books, he has published in leading IR journals, and his commentary has appeared in outlets such as Le Monde and Newsweek. Previously, Navon served as CEO of ELNET-Israel, a public-policy think tank. Dr. Navon was born in Paris, France, and was educated in a bilingual (French/English) school. He graduated in public administration from Sciences-Po. In 1993 he moved to Israel and earned a Ph.D. in international relations from the Hebrew University of Jerusalem.

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Amichai Magen
Amichai Magen

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Emmanuel Navon
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Ksenia Svetlova webinar

What has been Israel’s understanding and response to Russia’s assault on Ukraine? How did the Russia-Ukraine war impact Israeli national security and foreign policy? And what strategic lessons should Israel derive from the Russia-Ukraine war for its own national security? Join former Member of Knesset, Ksenia Svetlova, in conversation with Or Rabinowitz.

ABOUT THE SPEAKER

Ksenia Svetlova is an Executive Director of ROPES – The Regional Organization for Peace, Economics and Security, an associate fellow at Chatham House, London and a former member of the Israeli Knesset. She focuses on issues of Israeli-Palestinian conflict, Israeli-Arab relations, Russian influence in the Middle East, as well as the regional and international relations of the Middle East. Svetlova has covered the Middle East for fifteen years for Israeli and International media. She reported from Gaza, West Bank, Syria, Lebanon, Egypt, Jordan, Tunisia and Libya. 

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Or Rabinowitz

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Ksenia Svetlova
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Israel Studies
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After a distinguished career in law, public policy, and broadcasting in her native Toronto, Vivian Bercovici served as Canada's Ambassador to Israel from 2014 to 2016. She then made Aliyah, becoming an Israeli citizen and settling in Tel-Aviv. Over the past decade, Bercovici has become a leading commentator on Israeli society and politics, foreign policy, and Israel-Diaspora relations. In February 2023, she founded the State of Tel-Aviv podcast and newsletter. After the October 7th Hamas terrorist attack, Vivian Bercovici moved to Kibbutz Ruchama in the south of Israel, renaming her podcast State of Tel-Aviv and Beyond. Join Amichai Magen in conversation with Vivian Bercovici.

ABOUT THE SPEAKER

Vivian Bercovici served as Canada’s Ambassador to Israel from 2014-16 and, in a short time, established herself as a strong, articulate, and forceful commentator and leader on Israeli politics, foreign policy relationships, and the business environment. Prior to her appointment by former PM Stephen Harper as Ambassador, Vivian practiced law in Toronto for 24 years. She was actively involved in the dynamic Jewish community in Toronto, wrote a column on Israel-related issues in The Toronto Star, and taught as an adjunct professor at the University of Toronto Faculty of Law. She currently resides in Israel and is engaged in private business ventures as well as public speaking on issues related to the Middle East, with a particular focus on Israel. 

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Amichai Magen
Amichai Magen

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Vivian Bercovici
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Tragedy, Triumph, or Both? Israel After Two Years of War — Webinar with Nadav Eyal

Join us for a special webinar marking two years since the October 7th Hamas attack on Israel and the subsequent multi-front war in the Middle East. The webinar will examine the impact of the ongoing conflict, assess the major geopolitical shifts that have unfolded in the region in the past two years, and identify scenarios for how the war might end. Featuring Amichai Magen, Visiting Fellow in Israel Studies, in conversation with Nadav Eyal, Senior Columnist at Israel's largest daily newspaper, Yedioth Ahronoth.

ABOUT THE SPEAKER

Nadav Eyal is one of Israel's most prominent journalists and a winner of the Sokolov Award — Israel's equivalent of the Pulitzer Prize. He writes columns for Yediot Ahronot and Ynet. Beginning on October 7, 2023, he has focused his work on the massacres perpetrated in Israel and the subsequent war in Gaza and the northern border of Israel. He also serves as a senior commentator for Israel’s Channel 12. Eyal authored the bestseller REVOLT, the Worldwide Uprising Against Globalization. In 2023, Eyal published HOW DEMOCRACY WINS (if it does). Eyal has held senior positions in major Israeli media groups and interviewed Israeli prime ministers and foreign heads of state. He is the chairman of the Movement for Freedom of Information, an Israeli NGO dedicated to promoting transparency and accountability, aiming to foster a more open, democratic, and accountable society. He earned an MSc in Global Politics from the London School of Economics and Political Science (with merit) as a Chevening Scholar and an LL.B. from Hebrew University (magna cum laude). He received the B'nai B'rith World Center Award for Journalism.

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Amichai Magen
Amichai Magen

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Nadav Eyal
Seminars
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CDDRL Honors Student, 2025-26
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Major: Political Science
Minor: Economics
Hometown: Fremont, California
Thesis Advisor: Vasiliki Fouka

Tentative Thesis Title: Trade, Trust, and Populism: Weighing Norm Adherence against Economic Protectionism

Future aspirations post-Stanford: I'm hoping to explore work in international law and relations between the public and private sectors, since both seem relevant to international economics conversations! I also hope to combine my interest in national security with trade and economics.

A fun fact about yourself: The first guitar solo I learned to play was Hotel California by The Eagles.

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We experimentally test two seminal hypotheses on the impact of competition on firms' management upgrading. In a first experiment, we protect firms from labor market competition by reducing the risk that a freshly trained manager would be poached by a rival firm. We find that this protection does not increase firms' investment in management training. In a second suite of experiments, we boost perceived product market competition by informing firms either that rival firms have received management training or that foreign firms are gaining easier access to the domestic market. Again, we find no evidence that this increases firms' average willingness to invest in management training. To explain why firms do not feel threatened by competition, we present evidence suggesting that, in contrast to commonly held assumptions, firm managers in our setting hold a mental model of competition that posits positive — instead of negative — spillovers, arising primarily from differentiation.

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Publication Type
Working Papers
Publication Date
Journal Publisher
CEPR Press, Paris & London
Authors
Pascaline Dupas
Marcel Fafchamps
Number
CEPR Discussion Paper No. 20306
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