The Israeli EITC program is based on individual incomes, unlike the EITC programs in the US and the UK, which supplement low-income families' earnings according to the combined family income. Using a large administrative panel dataset of tax and benefit records, and the natural experiment...

We examine the effect of monetary and fiscal policies on yields on short and long-term indexed bonds, in view of the crucial importance of these yields for economic activity. We extend the current literature dealing with the same question by providing evidence about a period in which the...

Ber, Brender and Ribon study the effects of fiscal and monetary policy on real bond yields with reference to the Israeli experience during the 1990s. They find that both monetary and fiscal policy affect real yields. On the one hand, fiscal policy has a direct impact on the money market via the...

We examine the effect of monetary and fiscal policies on yields on short- and long-term indexed bonds. We extend the current literature by providing evidence about a period in which the government adopted declining inflation and deficit targets. In such cases the policy shift could be perceived...

To ward off the threat of a worldwide depression that loomed at the end of the 2000s, governments opted to run up substantial fiscal deficits. In doing so, they sowed the seeds of the sovereign debt crisis. Saddled with often high debt burdens and modest growth prospects, developed countries'...