Israel: 2007 Article IV Consultation: Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Israel
IMF Staff Country Reports, February 14, 2008
Source details
- Canonical URL
- Israel: 2007 Article IV Consultation: Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Israel
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Bibliographic details
- Published: February 14, 2008
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451819649.002
Macroeconomic assessment and outlook
- The Israeli economy is performing exceptionally well.
- High public indebtedness remains a concern and calls for the continuation of strong economic policies.
- Monetary policy has successfully stabilized inflation expectations.
- Policy and communication challenges in monetary policy remain.
Fiscal performance and policy recommendations
- Recent positive fiscal performance needs to be carried forward to improve international credibility.
- The government’s intention to stick with a rules-based approach to fiscal policy, solidly anchored in longer-term objectives, is commended.
- Enhanced fiscal transparency and governance are essential to improve the quality of policymaking.
Key subject areas and policy topics covered
- Banking
- Exchange rates
- Expenditure
- External debt
- Foreign exchange
- Inflation
- Prices
- Public debt
Keywords highlighted in the report
- BOI policy rate
- CR
- Europe
- Exchange rates
- GDP
- Global
- heightened risk premia
- Inflation
- interest rate
- ISCR
- Israel
- monetary policy
- narrowing output gap
- poverty level
- projection
- rate