Israel and the 1990-2015 Global Developments: Riding with the Global Flows and Weathering the Storms
Journal: National Bureau of Economic Research
Year: 2016

The global economy has been buffeted by several unprecedented economic events during the past 35 years. We survey the impact of these events on Israel's development, institutions, and economic policies. Israel had a remarkable development during this time, from a low income high-inflation developing economy in the 1970s, to a medium to high income stable-inflation advanced economy in the 2000s, while increasingly integrated into the world economy. The extraordinary events surveyed include:(1) Th