Locked into self-destruct mode

30th April 2017 This issue is devoted to Section B: Domestic Politics, because much has happened and further developments can be expected– probably culminating in the collapse of the current coalition and the fall of the Likud-led government. The analysis presented takes the view that there is no objective reason for the government to fall so soon and no rational […]

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TLR 178: Being for the Benefit of Mr. K

August 24, 2016
This issue has one focus, namely the government budget. However, in order to explain the extraordinary phenomenon of the biennial, or two-year, budget that is being legislated, I have delved into the weird and wonderful history of this Israeli invention, which dates back all the way to 2009. Like most things first employed in economic policy during and after the global financial crisis, no-one would have believed that this ad hoc and emergency measure would take on a life of its own and becoming a semi-permanent fixture of economic management. Yet here we are, with the most carefully-planned version of a biennial budget yet to be attempted.

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