00875nam0-22003131i-450-9900025024704033210852642571000250247FED01000250247(Aleph)000250247FED0100025024720000920d1980----km-y0itay50------baENG<<The >>Linear HypothesisA General TheoryG.A.F. Saber.2. ed.LondonGriffin1980.X, 117 p.22 cmGriffin’s statistical monographs & courses19Econometria, Econometriamanuali519Seber,George Arthur Frederick20688ITUNINARICAUNIMARCBK990002502470403321XXI-A-434544MASMASLinear hypothesis436628UNINAING0104161oam 22010454 450 991095501590332120250426111008.0978661382529297814623366781462336671978145271280214527128089781283512848128351284X97814519096611451909667(CKB)3360000000443521(EBL)3014399(SSID)ssj0000940819(PQKBManifestationID)11492020(PQKBTitleCode)TC0000940819(PQKBWorkID)10963536(PQKB)10353959(OCoLC)712989262(IMF)WPIEE2006253(MiAaPQ)EBC3014399(IMF)WPIEA2006253WPIEA2006253(EXLCZ)99336000000044352120020129d2006 uf 0engur|n|---|||||txtccrFiscal Consolidation in Israel : A Global Fiscal Model Perspective /Natan Epstein, Selim Elekdag, Marialuz Moreno Badia1st ed.Washington, D.C. :International Monetary Fund,2006.1 online resource (33 p.)IMF Working Papers"November 2006."9781451865134 1451865139 Includes bibliographical references.""Contents""; ""I. INTRODUCTION""; ""II. FISCAL PERFORMANCE IN ISRAEL""; ""III. THE MODEL""; ""IV. FISCAL CONSOLIDATION: NOW VERSUS LATER""; ""V. TAX CUTS""; ""VI. CONCLUSION""; ""APPENDIX. CALIBRATION OF GFM""; ""REFERENCES""Fiscal consolidation has become an important policy prescription for many emerging market countries (EMCs), particularly for the highly indebted ones. Although prudent fiscal policies tend to reduce vulnerabilities, their implementation is usually postponed. This paper represents, to the best of our knowledge, one of the first attempts in the literature to quantify the costs of delaying fiscal consolidation in an EMC. In particular, using the IMF's Global Fiscal Model (GFM), we find that early consolidation through expenditure cuts would result in a substantial increase in Israel's long-term output growth relative to the case with delayed fiscal adjustment. Using an alternative fiscal instrument, we find that delaying tax cuts would result in cumulative real GDP that is much larger than otherwise.IMF Working Papers; Working Paper ;No. 2006/253Fiscal policyIsraelEconomic stabilizationIsraelDebt ManagementimfDebtimfDebts, PublicimfExpenditureimfExpenditures, PublicimfFiscal consolidationimfFiscal PolicyimfFiscal policyimfGovernment debt managementimfMacroeconomicsimfNational Government Expenditures and Related Policies: GeneralimfPublic debtimfPublic finance & taxationimfPublic FinanceimfSovereign DebtimfIsraelimfFiscal policyEconomic stabilizationDebt ManagementDebtDebts, PublicExpenditureExpenditures, PublicFiscal consolidationFiscal PolicyFiscal policyGovernment debt managementMacroeconomicsNational Government Expenditures and Related Policies: GeneralPublic debtPublic finance & taxationPublic FinanceSovereign DebtEpstein Natan1815900Elekdag Selim1104193Moreno Badia Marialuz1123353DcWaIMFBOOK9910955015903321Fiscal Consolidation in Israel4371513UNINA