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...

Полное описание

Библиографические подробности
Главный автор: Symansky, Steven
Другие авторы: Debrun, Xavier, Epstein, Natan
Формат: Журнал
Язык:English
Опубликовано: Washington, D.C. : International Monetary Fund, 2008.
Серии:IMF Working Papers; Working Paper ; No. 2008/087
Online-ссылка:Full text available on IMF