Score contribution per author:
α: calibrated so average coauthorship-adjusted count equals average raw count
In this paper we investigate some of the ways in which short-term variations in the magnitude of political instability can impact on macroeconomic performance, taking the example of Israel since 1987. Several indicators of political instability are found to have a significant impact on aggregate consumption and savings, and explain a large part of poor Israeli savings performance over recent years. Copyright 2003 by Kluwer Academic Publishers