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WELCOME TO SENAT – ECONOMIC AND SOCIAL POLICY PAPERS

Sponsored by the Friedrich-Ebert-Stiftung, Senat is a Project attached to the Macro Center for Political Economics, publishing weekly working papers on public issues on the Israeli agenda since October 1996.


Senat's papers on social, economic and political issues are distributed to members of Knesset, director generals of government ministries, and to the heads of the major economic and non-profit organizations, in order to serve as an information base for their decision making.

Senat's activities are covered in the media and have an influence on public agenda because of the high standards Senat maintains for delivering information that is up to date, professional, objective, non-partisan and concise. By the end of 2010 some 400 working papers, each written by a leading expert in the field, were produced. Additionally, Senat is undertaking public opinion surveys on selected issues.

The Senat Steering Committee, which guides the organization's activities, includes a wide range of views. Headed by Mr. Yossi Beilin as chairman, it includes Mr. Ralf Hexel (Director of the Friedrich Ebert Foundation in Israel), MK Daniel Ben-Simon, MK Shai Hermesh, MK Miri Regev and MK Nachman Shai. The founding chair was the late President Chaim Herzog.

Senat Editors:

Dr. Roby Nathanson, Director General, Macro Center for political economics.

Hagar Tzameret-Kertcher, Research Director, Macro Center for political economics.

Project Coordinator:

Michal Weiss, Project Manager, Macro Center for political economics.

The current SENAT Policy Paper is available below. To jump to previous issues, please use the links on the right or go to Archives on top of the page.

Current Senat Publication:

The credit crisis in the Euro zone: implications for Israel

Senat # 399 - 12/5/2010

ABSTRACT:

The Euro zone was launched in 1999 with 11 member states, and by 2009 another five EU states joined it. The main dilemma which occupied the founders of the zone was the temptation of the governments in member states to develop large deficits, with the interest rate at the same level for all the zone’s countries and therefore not serving to punish a spendthrift government. Two solutions to this problem were first the prohibition in the Maastricht Treaty (the legal basis of the Euro zone) of the rescue of governments from their deficits, and second the signing of a Stability and Growth Pact (SGP) which restricts the amount of public deficits. Another significant challenge to the zone’s members is contending with asymmetrical shocks, that is, shocks which have a differential impact on the various members.

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