Israel: Staff Report for the 2009 Article IV Consultation

International Monetary Fund

No 2010/023, IMF Staff Country Reports from International Monetary Fund

Abstract: This staff report discusses Israel’s 2009 Article IV Consultation on economic developments and policies. The economy has been shielded from the global downturn by the absence of prior housing or bank credit booms, high household savings rates, and the fact that investment goods and consumer durables are mostly imported from abroad. Safe-haven factors that have put upward pressure on the currency appear to have eased along with the global financial sector stabilization, and concerns about the excessive strength of the shekel have not entirely been put to rest.

Keywords: ISCR; CR; rate; Israel; govt; exchange rate; interest rate; sovereign bond bond issue; inflation expectation; capital formation; Article IV Board; macroeconomic development; Budget planning and preparation; Fiscal rules; Debt reduction; Global (search for similar items in EconPapers)
Pages: 99
Date: 2010-01-27
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