Cover IMF Staff Country Reports
Israel: Selected Issues and Statistical Appendix
Author: International Monetary Fund
Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2000: Issue 062
Language:
English
Publication Date:
11 May 2000
DOI:
https://doi.org/10.5089/9781451819502.002
ISBN:
9781451819502
ISSN:
1934-7685
Pages:
129
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
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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.
Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund