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Preface: Michael Bruno-Teacher and Leader
Introduction
Contributors
1 The Obstacle Course to a Market Economy in Israel
Avi Ben-Bassat
I FISCAL POLICY
2 Reducing the Relative Size of Government in Israel after 1985
Michel Strawczynski and Joseph Zeira
II MONETARY POLICY AND THE INFLATIONARY PROCESS
3 A Monetary Labyrinth: Instruments and the Conduct of Monetary
Policy in Israel, 1987-1998
Joseph Djivre and Daniel Tsiddon
4 The Disinflation Process in Israel in the Past Decade
Nissan Liviatan and Nathan Sussman
5 Israeli Inflation from an International Perspective
Stanley Fischer and David W. H. Orsmond
III REFORMS IN THE FINANCIAL MARKET
6 Reform in the Israeli Financial System and the Flow of Funds of
Publicly Traded Manufacturing Firms
Asher A. Blass and Oved Yosha
7 Pension Fund Reform
Avia Spivak
8 Liberalization in the Capital Account of the Balance of Payments
Daniel Gottlieb and Mario I. Blejer
IV REFORMS IN THE GOODS AND SERVICES MARKETS
9 The Import-Liberalization and Abolition of Devaluation Substitutes
Policy: Implications for the Israeli Economy
Yoram Gabai and Rafael Rob
10 Structural Changes in the Israeli Public Utilities-The Reform That
Never Was
Reuben Gronau
V IMMIGRATION AND THE LABOR MARKET
11 Integration of Immigrants from the ]Former Soviet Union in the Israeli
Labor Market
Zvi Eckstein and Yoram Weiss
12 The Flexibility of the Israeli Labor Market
Yael Artstein
VI GROWTH, BRANCH STRUCTURE, AND INCOME
DISTRIBUTION
13 Capital Accumulation, Productivity, and Growth in the Israeli
Economy
Zvi Hercowitz
14 Structural Change and the Emergence of Israel's High-Tech Sector
Moshe Justman
15 The Rise of Earning Inequality
Momi Dahan
Index
Library of Congress Subject Headings for this publication:
Israel Economic policy, Israel Economic conditions, Structural adjustment (Economic policy) Israel