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Policy variables and growth: evidence from Israel

✍ Scribed by Lavi, Yaakov; Strawczynski, Michel


Book ID
126635195
Publisher
Taylor and Francis Group
Year
2002
Tongue
English
Weight
169 KB
Volume
9
Category
Article
ISSN
1350-4851

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## Abstract With quarterly data from Israel and Turkey we estimate generalized impulse response functions to show that inflation has no long‐run real effects on consumption, investment and the current account balance. The findings are robust even after allowing for inflation volatility obtained thr