LEADER 00802nam0-2200253 --450 001 9910479541503321 005 20210628143311.0 010 $a0333211278 100 $a20210628d1976----kmuy0itay5050 ba 101 $aeng 102 $aGB 105 $a 001yy 200 1 $aJane Austen's achievement$epapers delivered at the Jane Austen dicentennial conference at the University of Alberta$fedited by Juliet McMaster 210 $aLondon$aBasingstoke$cMacmillan$d1976 215 $a139 p.$d22 cm. 702 1$aMcMaster,$bJuliet 710 12$aJane Austen bicentennial conference$4070$0808092 801 0$aIT$bUNINA$gREICAT$2UNIMARC 901 $aBK 912 $a9910479541503321 952 $aRN 220$b30678$fFLFBC 959 $aFLFBC 996 $aJane Austen's achievement$91811032 997 $aUNINA LEADER 04161oam 22010454 450 001 9910955015903321 005 20250426111008.0 010 $a9786613825292 010 $a9781462336678 010 $a1462336671 010 $a9781452712802 010 $a1452712808 010 $a9781283512848 010 $a128351284X 010 $a9781451909661 010 $a1451909667 035 $a(CKB)3360000000443521 035 $a(EBL)3014399 035 $a(SSID)ssj0000940819 035 $a(PQKBManifestationID)11492020 035 $a(PQKBTitleCode)TC0000940819 035 $a(PQKBWorkID)10963536 035 $a(PQKB)10353959 035 $a(OCoLC)712989262 035 $a(IMF)WPIEE2006253 035 $a(MiAaPQ)EBC3014399 035 $a(IMF)WPIEA2006253 035 $aWPIEA2006253 035 $a(EXLCZ)993360000000443521 100 $a20020129d2006 uf 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aFiscal Consolidation in Israel : $eA Global Fiscal Model Perspective /$fNatan Epstein, Selim Elekdag, Marialuz Moreno Badia 205 $a1st ed. 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2006. 215 $a1 online resource (33 p.) 225 1 $aIMF Working Papers 300 $a"November 2006." 311 08$a9781451865134 311 08$a1451865139 320 $aIncludes bibliographical references. 327 $a""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"" 330 3 $aFiscal consolidation has become an important policy prescription for many emerging market countries (EMCs), particularly for the highly indebted ones. Although prudent fiscal policies tend to reduce vulnerabilities, their implementation is usually postponed. This paper represents, to the best of our knowledge, one of the first attempts in the literature to quantify the costs of delaying fiscal consolidation in an EMC. In particular, using the IMF's Global Fiscal Model (GFM), we find that early consolidation through expenditure cuts would result in a substantial increase in Israel's long-term output growth relative to the case with delayed fiscal adjustment. Using an alternative fiscal instrument, we find that delaying tax cuts would result in cumulative real GDP that is much larger than otherwise. 410 0$aIMF Working Papers; Working Paper ;$vNo. 2006/253 606 $aFiscal policy$zIsrael 606 $aEconomic stabilization$zIsrael 606 $aDebt Management$2imf 606 $aDebt$2imf 606 $aDebts, Public$2imf 606 $aExpenditure$2imf 606 $aExpenditures, Public$2imf 606 $aFiscal consolidation$2imf 606 $aFiscal Policy$2imf 606 $aFiscal policy$2imf 606 $aGovernment debt management$2imf 606 $aMacroeconomics$2imf 606 $aNational Government Expenditures and Related Policies: General$2imf 606 $aPublic debt$2imf 606 $aPublic finance & taxation$2imf 606 $aPublic Finance$2imf 606 $aSovereign Debt$2imf 607 $aIsrael$2imf 615 0$aFiscal policy 615 0$aEconomic stabilization 615 7$aDebt Management 615 7$aDebt 615 7$aDebts, Public 615 7$aExpenditure 615 7$aExpenditures, Public 615 7$aFiscal consolidation 615 7$aFiscal Policy 615 7$aFiscal policy 615 7$aGovernment debt management 615 7$aMacroeconomics 615 7$aNational Government Expenditures and Related Policies: General 615 7$aPublic debt 615 7$aPublic finance & taxation 615 7$aPublic Finance 615 7$aSovereign Debt 700 $aEpstein$b Natan$01815900 701 $aElekdag$b Selim$01104193 701 $aMoreno Badia$b Marialuz$01123353 801 0$bDcWaIMF 906 $aBOOK 912 $a9910955015903321 996 $aFiscal Consolidation in Israel$94371513 997 $aUNINA