Israel: Recent Economic Developments

International Monetary Fund

No 1995/105, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; U.S. dollar; foreign currency; budget deficit; monetary policy; private sector; exchange rate; economic activity; Currencies; Imports; Budget planning and preparation; Inflation; Eastern Europe; monetary policy indicator; b. exchange rate policy; balance of payments indicator; interest rate bracket; institutional investor; monetary policy development; business sector employment; Migration; Caribbean (search for similar items in EconPapers)
Pages: 152
Date: 1995-11-07
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