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 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...

The literature on the effect of religion and religiosity on corruption has failed to distinguish between direct effect and mediated effect and the different roles of two alternative mediation channels, the personal versus the cultural channels. Using a large data set of 102 countries,...

This article uses an original dataset of 102 countries which uniquely enable us to distinguish between high-tech and low-tech entrepreneurs to examine the dissociative interplay between corruption, democracy, and the two kinds of entrepreneurship. Existing literature has demonstrated that...