IMF Staff Country Reports

Israel: Recent Economic Developments

November 7, 1995

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Israel: Recent Economic Developments, (USA: International Monetary Fund, 1995) accessed November 21, 2024

Summary

This paper reviews economic developments in Israel during 1990–94. During the first half of 1993, there was a significant slowing of the domestic economy largely as a result of a substantial scaling down of the public support provided to housing construction for immigrants, who were arriving to Israel in lesser numbers than originally estimated. In response to this slowing and to signs of a moderation in inflation, during the third quarter of 1993, the Bank of Israel reduced its lending rate from 12 percent to 9 percent in successive stages.

Subject: Banking, Budget planning and preparation, Currencies, Expenditure, Imports, Inflation, International trade, Migration, Money, Population and demographics, Prices, Public financial management (PFM)

Keywords: B. exchange rate policy, Balance of payments indicator, Budget deficit, Budget planning and preparation, Business sector employment, Caribbean, CR, Currencies, Eastern Europe, Economic activity, Exchange rate, Foreign currency, Imports, Inflation, Institutional investor, Interest rate bracket, ISCR, Migration, Monetary policy, Monetary policy development, Monetary policy indicator, Private sector, U.S. dollar

Publication Details

  • Pages:

    152

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 1995/105

  • Stock No:

    1ISREA0011995

  • ISBN:

    9781451819427

  • ISSN:

    1934-7685

Notes

This report on recent economic developments in Israel was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country. In releasing this document for public use, confidential material may have been removed at the request of the member.