Israel: Selected Issues

Author: International Monetary Fund

Volume/Issue: Volume 2005 Issue 134

Publication date: April 2005

ISBN: 9781451819571

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Banks and Banking , Inflation , Labor , Economics- Macroeconomics , Money and Monetary Policy , ISCR , CR , OECD country , wage , inflation target , inflation-targeting regime , central bank credibility , monetary policy committee , Unemployment , Active labor market policies , Inflation targeting , Inflation , Unemployment rate , Africa , Asia and Pacific , North America

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Summary

This Selected Issues paper examines Israel’s monetary policy regime with an eye toward developing some understanding of why breaches have been occurring and how to address them. The paper provides a brief history of Israel’s experience with inflation and inflation targeting. It examines several institutional aspects of inflation targeting and compares Israel with other emerging market regimes. Various procedural issues associated with implementing an inflation-targeting regime in Israel are examined. The paper also analyzes active labor market policies in Israel.