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...

Ausführliche Beschreibung

Bibliographische Detailangaben
1. Verfasser: Symansky, Steven
Weitere Verfasser: Debrun, Xavier, Epstein, Natan
Format: Zeitschrift
Sprache:English
Veröffentlicht: Washington, D.C. : International Monetary Fund, 2008.
Schriftenreihe:IMF Working Papers; Working Paper ; No. 2008/087
Online Zugang:Full text available on IMF