|
|
|
|
| LEADER |
01844cas a2200265 a 4500 |
| 001 |
AALejournalIMF005010 |
| 008 |
230101c9999 xx r poo 0 0eng d |
| 020 |
|
|
|c 5.00 USD
|
| 020 |
|
|
|z 9781451869484
|
| 022 |
|
|
|a 1018-5941
|
| 040 |
|
|
|a BD-DhAAL
|c BD-DhAAL
|
| 100 |
1 |
|
|a Symansky, Steven.
|
| 245 |
1 |
2 |
|a A New Fiscal Rule :
|b Should Israel 'Go Swiss?' /
|c Steven Symansky, Xavier Debrun, Natan Epstein.
|
| 264 |
|
1 |
|a Washington, D.C. :
|b International Monetary Fund,
|c 2008.
|
| 300 |
|
|
|a 1 online resource (27 pages)
|
| 490 |
1 |
|
|a IMF Working Papers
|
| 500 |
|
|
|a <strong>Off-Campus Access:</strong> No User ID or Password Required
|
| 500 |
|
|
|a <strong>On-Campus Access:</strong> No User ID or Password Required
|
| 506 |
|
|
|a Electronic access restricted to authorized BRAC University faculty, staff and students
|
| 520 |
3 |
|
|a 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 ceilings. Two variants of our ECM rule are shown to be superior to a comparable deficit rule in terms of attaining the debt objective and allowing for fiscal stabilization while supporting medium-term expenditure planning. Given its relative sophistication, a proper implementation of the ECM rule requires supportive fiscal institutions, including independent input and assessment.
|
| 538 |
|
|
|a Mode of access: Internet
|
| 700 |
1 |
|
|a Debrun, Xavier.
|
| 700 |
1 |
|
|a Epstein, Natan.
|
| 830 |
|
0 |
|a IMF Working Papers; Working Paper ;
|v No. 2008/087
|
| 856 |
4 |
0 |
|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2008/087/001.2008.issue-087-en.xml
|z IMF e-Library
|