| Description |
1 online resource (iii, 23 pages) : illustrations |
| Series |
IMF working paper, 2227-8885 ; WP/96/33 |
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IMF working paper ; WP/96/33.
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| Summary |
The paper provides an overview of the role of the fiscal imbalances and the ensuing public debt in explaining major episodes in Israel's recent economic developments. The main conclusions from the Israeli budgetary developments may have more general validity: (a) deficits lead to inflation and stopping inflation requires elimination of deficits; (b) a major effect of inflation is a large shift of the tax burden from capital to labor; and (c) shocks to labor supply, such as massive labor inflow through immigration, can be absorbed without worsening government finances, when the labor and the housing markets are sufficiently flexible |
| Notes |
Available in PDF, ePUB, and Mobi formats on the Internet |
| Bibliography |
Includes bibliographical references (pages 21-23) |
| Notes |
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL |
|
English |
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digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL |
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Print version record |
| Subject |
Debts, Public -- Israel
|
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Budget deficits -- Israel
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Inflation (Finance) -- Israel
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Taxation -- Israel
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Budget deficits.
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Debts, Public.
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Economic history.
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Inflation (Finance)
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Taxation.
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| SUBJECT |
Israel -- Economic conditions
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| Subject |
Israel.
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| Form |
Electronic book
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| Author |
Sadka, Efraim, author.
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International Monetary Fund. Fiscal Affairs Department, issuing body.
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| ISBN |
1455221090 |
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9781455221097 |
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1462392431 |
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9781462392438 |
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