A New Fiscal Rule : Should Israel Go Swiss?""

Should Israel Go Swiss?""

A New Fiscal Rule : Should Israel Go Swiss?""
We propose a fiscal rule that fulfills a specific debt reduction objective while maintaining significant fiscal flexibility-two overarching concerns in Israel. Not unlike the Swiss "debt brake," the rule incorporates an error-correction mechanism (ECM) through which departure from the debt objective affects binding medium-run expenditure... READ MORE...

Publication date: April 2008
ISBN 9781451869484
$18.00

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