Fiscal Balance During Inflation, Disinflation, and Immigration : Policy Lessons

Policy Lessons

Fiscal Balance During Inflation, Disinflation, and Immigration : Policy Lessons
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;... READ MORE...

Publication date: April 1996
ISBN 9781451979312
$15.00

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