We examine the effect of monetary and fiscal policies on yields on short- and long-term indexed bonds. We extend the current literature by providing evidence about a period in which the government adopted declining inflation and deficit targets. In such cases the policy shift could be perceived...

We estimate the relationship between exporting and productivity using data on Israeli manufacturing firms from the years 1996-2003. We find that the total factor productivity of exporting firms in Israel is higher than that of non-exporters. The export premium is higher before firms enter the...

This paper analyzes the dynamics of electricity intensity -- i.e., the ratio of electricity consumption to gross domestic product -- in the OECD countries for the period 1990–2017. In particular, it analyzes electricity intensity dynamics against the background of different subgroups (or...

This paper explores the emergence of a world economy since 1950 and its implications for the world's labor force. There are five main sets of conclusions. First, the share of the world's labor force located in developing countries increased significantly between 1950 and 1990. Productivity...

This paper examines whether revenue decentralization and direct external financial supervision affect the incidence and strength of political budget cycles, using a panel of Israeli municipalities during the period 1999-2009. We find that high dependence on central government transfers - as...

This paper examines whether revenue decentralization and direct external financial supervision affect the incidence and strength of political budget cycles, using a panel of Israeli municipalities during the period 1999-2009. We find that high dependence on central government transfers - as...