The unique characteristics of the fiscal policy in Israel that created one of the largest public sectors assumed many similarities to the characteristics described in the economic literature as related to non-Keynesian effects. The results point indeed to significant asymmetrical negative effect...

This article focuses on the impact of religious institutions on entrepreneurship. We find clear evidence that different religious institutions have a significantly different impact on the tendency to become an entrepreneur. Our article makes important contributions to the research of both...

When forces act on an economy, either to increase its activity or to cause a retreat, it activates a series of automatic self-stabilizers for the purpose of returning it to its original level of activity. This study examines the effects of one of the most important stabilizers, the tax-burden...

The expansionary characteristics of the multi-year fiscal policy in Israel (and especially the share of government spending in the product and the ratios of overall debt and tax burden that were, during the sample period, among the highest in the western world) created many similarities to the...

The unique Israeli capital market, which enables extraction of direct inflation expectations and unexpected inflation, is a comfortable setting to test Milton Friedman’s hypothesis according to which inflation uncertainty positively affects unemployment in periods of time which vary from the...