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...

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Detalhes bibliográficos
Autor principal: Symansky, Steven
Outros Autores: Debrun, Xavier, Epstein, Natan
Formato: Periódico
Idioma:English
Publicado em: Washington, D.C. : International Monetary Fund, 2008.
Colecção:IMF Working Papers; Working Paper ; No. 2008/087
Acesso em linha:Full text available on IMF