Showing 1 - 10 of 83
This paper presents a model of electoral accountability to compare the public finance outcomes under a presidential-congressional and a parliamentary system. In a presidential-congressional system, contrary to a parliamentary system, there are no endogenous incentives for legislative cohesion,...
Persistent link: https://www.econbiz.de/10005136516
A political constitution is like an incomplete contract: it spells out a procedure for making decisions and for …
Persistent link: https://www.econbiz.de/10005498040
We investigate the effect of electoral rules and political regimes on fiscal policy outcomes in a panel of 61 democracies from 1960 onwards. In presidential regimes, the size of government is smaller and less responsive to income shocks, compared to parliamentary regimes. Under majoritarian...
Persistent link: https://www.econbiz.de/10005281371
Three main vantage points are brought together in this paper: (1) Israel’s relatively good economic performance in recent years – at least, in comparison with other Western countries that have still not emerged from the recession; (2) motivations for the wave of social protests that erupted...
Persistent link: https://www.econbiz.de/10011084118
Using quarterly data from 1970-1987 we estimate a simple econometric model in which inflation and the money supply are jointly determined and in which expectations of inflation are rational, or forward-looking. The model is estimated using the recently developed `cointegration' principle in...
Persistent link: https://www.econbiz.de/10005791406
This paper examines differences in the labour supply of women of different religions in Israel. We estimate religious differentials in the effect of husband’s income, number of children, education, and age on married women’s labour supply. It is suggested that labour supply patterns of wives...
Persistent link: https://www.econbiz.de/10005136655
Despite their small number, Israeli economists have become an important fixture in the international academic scene. In recent years, this phenomenon has been characterized by an additional attribute: the number of Israelis who have chosen to leave the country’s universities - or not to return...
Persistent link: https://www.econbiz.de/10005497751
This paper documents the evolution of the legal independence of the Bank of Israel since its creation in 1954 to present times, provides an international comparison, and assesses the changes in the actual independence of the Bank on a yearly basis following the 1985 stabilization of inflation....
Persistent link: https://www.econbiz.de/10005497895
One of the more important measures of a scholar’s research impact is the number of times that the scholar’s work is cited by other researchers as a source of knowledge. This paper conducts a first of its kind examination on Israel’s academic economists and economics departments, ranking...
Persistent link: https://www.econbiz.de/10005498083
This paper analyzes how the sequential formation of free trade areas affects the volume of trade between member countries. In a three--country, three--good model, if two countries have a free trade area, and both sign a similar agreement with the third, trade between the two decreases, and...
Persistent link: https://www.econbiz.de/10005498097