Israel: Selected Issues and Statistical Appendix

International Monetary Fund

No 2000/062, IMF Staff Country Reports from International Monetary Fund

Abstract: The paper suggests that several factors, besides tight monetary policy, may well have contributed to the high real interest rates that have been observed in Israel. The paper examines the impact of unanticipated changes in nominal interest rate monetary policy shocks on a number of variables in Israel. The paper provides evidence that the inflation expectation measure derived from the capital markets tends to overstate the trend in actual inflation. The paper also provides statistical data on the economic indices of Israel.

Keywords: ISCR; CR; real interest rate; monetary policy; rate; reaction function; inflation expectation; basis point; import price inflation; interest rate differential; policy rule; inflation rate; Real interest rates; Inflation; Exchange rates; Inflation targeting; Deposit rates; Global (search for similar items in EconPapers)
Pages: 129
Date: 2000-05-11
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