IMF Staff Country Reports

Israel: Selected Issues

Publication Date:

April 18, 2005

Electronic Access:

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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.

Series:

Country Report No. 2005/134

Subject:

Active labor market policies Inflation Inflation targeting Labor Monetary policy Prices Unemployment Unemployment rate