Holdings: Fiscal Balance During Inflation, Disinflation, and Immigration

Fiscal Balance During Inflation, Disinflation, and Immigration: Policy Lessons

The paper provides an overview of the role of the fiscal imbalances and the ensuing public debt in explaining major episodes in Israel's recent economic developments. The main conclusions from the Israeli budgetary developments may have more general validity: (a) deficits lead to inflation and...

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Bibliographic Details
Main Author:	Razin, Assaf (Author)
Format:	Electronic eBook
Language:	English
Published:	Washington, D.C International Monetary Fund 1996
Series:	IMF Working Papers Working Paper No. 96/33
Online Access:	UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext
Summary:	The paper provides an overview of the role of the fiscal imbalances and the ensuing public debt in explaining major episodes in Israel's recent economic developments. The main conclusions from the Israeli budgetary developments may have more general validity: (a) deficits lead to inflation and stopping inflation requires elimination of deficits; (b) a major effect of inflation is a large shift of the tax burden from capital to labor; and (c) shocks to labor supply, such as massive labor inflow through immigration, can be absorbed without worsening government finances, when the labor and the housing markets are sufficiently flexible
Physical Description:	1 Online-Ressource (44 p)
ISBN:	1451979312 9781451979312

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MARC


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spelling	Razin, Assaf Verfasser aut Fiscal Balance During Inflation, Disinflation, and Immigration Policy Lessons Razin, Assaf Washington, D.C International Monetary Fund 1996 1 Online-Ressource (44 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 96/33 The paper provides an overview of the role of the fiscal imbalances and the ensuing public debt in explaining major episodes in Israel's recent economic developments. The main conclusions from the Israeli budgetary developments may have more general validity: (a) deficits lead to inflation and stopping inflation requires elimination of deficits; (b) a major effect of inflation is a large shift of the tax burden from capital to labor; and (c) shocks to labor supply, such as massive labor inflow through immigration, can be absorbed without worsening government finances, when the labor and the housing markets are sufficiently flexible Online-Ausg Sadka, Efraim Sonstige oth http://elibrary.imf.org/view/IMF001/02468-9781451979312/02468-9781451979312/02468-9781451979312.xml Verlag URL des Erstveröffentlichers Volltext
spellingShingle	Razin, Assaf Fiscal Balance During Inflation, Disinflation, and Immigration Policy Lessons
title	Fiscal Balance During Inflation, Disinflation, and Immigration Policy Lessons
title_auth	Fiscal Balance During Inflation, Disinflation, and Immigration Policy Lessons
title_exact_search	Fiscal Balance During Inflation, Disinflation, and Immigration Policy Lessons
title_exact_search_txtP	Fiscal Balance During Inflation, Disinflation, and Immigration Policy Lessons
title_full	Fiscal Balance During Inflation, Disinflation, and Immigration Policy Lessons Razin, Assaf
title_fullStr	Fiscal Balance During Inflation, Disinflation, and Immigration Policy Lessons Razin, Assaf
title_full_unstemmed	Fiscal Balance During Inflation, Disinflation, and Immigration Policy Lessons Razin, Assaf
title_short	Fiscal Balance During Inflation, Disinflation, and Immigration
title_sort	fiscal balance during inflation disinflation and immigration policy lessons
title_sub	Policy Lessons
url	http://elibrary.imf.org/view/IMF001/02468-9781451979312/02468-9781451979312/02468-9781451979312.xml
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