Research

A Macro Perspective – 2010

22.09.2011

Current data indicate respectable growth in terms of GDP and employment, relatively low unemployment, current account surpluses, and reasonable inflation....

Living on Borrowed Time?

13.09.2011

Israel’s macro economic performance in recent years has been enviable: above-average growth, below-average unemployment, a trade surplus, moderate inflation, and...

Fiscal Discipline Alongside Distorted Allocations Culminating in a Summer of Growing Unrest

13.09.2011

In the early 1980’s, Israel’s government was one of the most profligate in the developed world, with public expenditure exceeding...

Too many cooks spoil the tax broth

13.09.2011

The tax system has a pivotal role in the functioning of any economy. The first job of a well-designed tax...