European Parliament Library

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

The Israeli economy is performing exceptionally well, but still high public indebtedness calls for the continuation of strong economic policies. Monetary policy has successfully stabilized inflation expectations, but policy and communication challenges remain. The 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
Table Of Contents
Cover; Executive Summary; Contents; I. Report on the Discussions; A. Macroeconomic Prospects: Strong but Less Buoyant Activity; B. External Prospects: More Integration with the World Economy; C. Monetary Policy: Staying on Target Amid Exchange Rate Volatility; Boxes; 1. Monetary Policy-Baseline Forecast and Risk Assessments; D. Fiscal Policy; E. Managing the Transformation of the Financial System; 2. Banking Sector Stress Tests; F. Social Policy; II. Staff Appraisal; Figures; 1. The Long View, 1996-2007; 2. External Indicators, 2001-07; 3. Selected Monetary and Financial Indicators, 2006-07
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (59 p.)
Specific Material Designation
Form Of Item

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