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Avi Ben-Bassat

Avi Ben-Bassat is Professor of Economics at the Hebrew University of Jerusalem. From 1999 to 2001, he was Director General of Israel’s Ministry of Finance.

Titles by This Author

From Government Intervention to Market Economics

From 1973 to 1985, the Israeli economy suffered a deep crisis: the growth rate declined, foreign debt increased, and inflation soared to annual rates of a few hundred percent. This book analyzes the structural reforms initiated between 1985 and 1998 that transformed the Israeli economy from one of heavy government intervention to a market-oriented, open economy. The reforms introduced fiscal discipline, increased central bank independence, and reduced government intervention in capital, labor, and financial markets. Also, competition was fostered in monopoly-controlled markets.