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...

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Detalles Bibliográficos
Autor principal: Razin, Assaf
Otros Autores: Sadka, Efraim
Formato: Revista
Lenguaje:English
Publicado: Washington, D.C. : International Monetary Fund, 1996.
Colección:IMF Working Papers; Working Paper ; No. 1996/033
Acceso en línea:Full text available on IMF