Strawczynski, Michel; Zeira, Joseph - 2007
, March 1939)
1. Introduction
This paper examines the cyclicality of fiscal policy in Israel. Recent studies have shown … much more pro-cyclical. These studies measure
cyclicality in a uniform method, that when applied to Israel it shows that … empirical studies have found that less developed countries
have much more pro-cyclical fiscal policies than developed countries …