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 unique characteristics of the fiscal policy in Israel that created one of the largest public sectors assumed many similarities to the characteristics described in the economic literature as related to non-Keynesian effects. The results point indeed to significant asymmetrical negative effect...

This paper deals with a policy instrument supporting the emergence of VC industries. It is based on the Israeli experience with the Yozma program, which triggered the creation of the VC industry. This program dealt with specific system failures of the entrepreneurship process – the early stage...