Israel: Staff Report for 2013 Article IV Consultation
KEY ISSUES Context. The economy is growing at a moderate pace. Abstracting from the impact of new large-scale natural gas production, GDP growth is estimated to have moderated to about 21⁄2 percent in 2013, owing in large part to weak investment and exports. Some pick up is expected in 2014, but the...
Gespeichert in:
| Format: | Elektronisch E-Book |
|---|---|
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
International Monetary Fund
2014
|
| Schriftenreihe: | IMF Staff Country Reports
Country Report No. 14/47 |
| Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 URL des Erstveröffentlichers |
| Zusammenfassung: | KEY ISSUES Context. The economy is growing at a moderate pace. Abstracting from the impact of new large-scale natural gas production, GDP growth is estimated to have moderated to about 21⁄2 percent in 2013, owing in large part to weak investment and exports. Some pick up is expected in 2014, but the underlying momentum is weaker than before. Despite notable progress, Israel's public debt (68 percent of GDP) remains high, while continued house price increases pose risks of a boom-bust cycle in the housing market. Policy priorities. The key policy challenge is to maintain near-term growth at potential, while preventing the build-up of imbalances, strengthening resilience to shocks, and ensuring long-term sustainability. Monetary policy. Given the still uncertain external environment and headwinds to growth from an appreciation of the shekel and planned fiscal tightening, monetary policy should remain accommodative for now. Macroprudential policy measures should be further tightened to minimize the risk of a boom-bust cycle in the housing market. If growth prospects improve more than expected, the policy stance should be gradually normalized. Fiscal policy. Bold fiscal consolidation measures embedded in the 2013-14 Budget are welcome, but further adjustment will be required for 2015 and beyond to anchor sustainability, along with a strengthening of fiscal institutions. Financial stability. The financial system remains relatively sound. In line with the recommendations of the 2012 FSAP Update, a Financial Stability Committee needs to be established, with a clear focus on macroprudential policies in normal times. Legal reforms aimed at strengthening the framework for bank resolution should be legislated as soon as practicable. Structural reforms. Further action is required to improve the business climate and boost competition in the non-tradable sector. In addition, it will be important to enhance the participation of rapidly growing Israeli-Arab and Ultra-Orthodox Jewish (Haredi) populations in the labor force to bolster the economy's long-term potential and to reduce poverty and inequality |
| Beschreibung: | 1 Online-Ressource (70 p) |
| ISBN: | 1475517750 9781475517750 |
Internformat
MARC
| LEADER | 00000nmm a2200000 cb4500 | ||
|---|---|---|---|
| 001 | BV048341482 | ||
| 003 | DE-604 | ||
| 005 | 00000000000000.0 | ||
| 007 | cr|uuu---uuuuu | ||
| 008 | 220713s2014 |||| o||u| ||||||eng d | ||
| 020 | |a 1475517750 |c 18.00 USD |9 1-475-51775-0 | ||
| 020 | |a 9781475517750 |c 18.00 USD |9 978-1-475-51775-0 | ||
| 035 | |a (ZDB-1-IMF)845807307 | ||
| 035 | |a (OCoLC)1337128773 | ||
| 035 | |a (DE-599)BVBBV048341482 | ||
| 040 | |a DE-604 |b ger | ||
| 041 | 0 | |a eng | |
| 049 | |a DE-20 |a DE-824 |a DE-70 |a DE-155 |a DE-29 |a DE-22 |a DE-473 |a DE-1102 |a DE-703 |a DE-859 |a DE-706 |a DE-384 |a DE-860 |a DE-19 |a DE-739 |a DE-355 |a DE-Aug4 |a DE-1049 |a DE-12 |a DE-91 | ||
| 110 | 2 | |a International Monetary Fund |e European Dept |4 oth | |
| 245 | 1 | 0 | |a Israel |b Staff Report for 2013 Article IV Consultation |
| 264 | 1 | |a Washington, D.C |b International Monetary Fund |c 2014 | |
| 300 | |a 1 Online-Ressource (70 p) | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b c |2 rdamedia | ||
| 338 | |b cr |2 rdacarrier | ||
| 490 | 0 | |a IMF Staff Country Reports |v Country Report No. 14/47 | |
| 520 | 3 | |a KEY ISSUES Context. The economy is growing at a moderate pace. Abstracting from the impact of new large-scale natural gas production, GDP growth is estimated to have moderated to about 21⁄2 percent in 2013, owing in large part to weak investment and exports. Some pick up is expected in 2014, but the underlying momentum is weaker than before. Despite notable progress, Israel's public debt (68 percent of GDP) remains high, while continued house price increases pose risks of a boom-bust cycle in the housing market. Policy priorities. The key policy challenge is to maintain near-term growth at potential, while preventing the build-up of imbalances, strengthening resilience to shocks, and ensuring long-term sustainability. Monetary policy. Given the still uncertain external environment and headwinds to growth from an appreciation of the shekel and planned fiscal tightening, monetary policy should remain accommodative for now. | |
| 520 | 3 | |a Macroprudential policy measures should be further tightened to minimize the risk of a boom-bust cycle in the housing market. If growth prospects improve more than expected, the policy stance should be gradually normalized. Fiscal policy. Bold fiscal consolidation measures embedded in the 2013-14 Budget are welcome, but further adjustment will be required for 2015 and beyond to anchor sustainability, along with a strengthening of fiscal institutions. Financial stability. The financial system remains relatively sound. In line with the recommendations of the 2012 FSAP Update, a Financial Stability Committee needs to be established, with a clear focus on macroprudential policies in normal times. Legal reforms aimed at strengthening the framework for bank resolution should be legislated as soon as practicable. Structural reforms. Further action is required to improve the business climate and boost competition in the non-tradable sector. | |
| 520 | 3 | |a In addition, it will be important to enhance the participation of rapidly growing Israeli-Arab and Ultra-Orthodox Jewish (Haredi) populations in the labor force to bolster the economy's long-term potential and to reduce poverty and inequality | |
| 533 | |a Online-Ausg | ||
| 710 | 2 | |a International Monetary Fund |b European Dept |e Sonstige |4 oth | |
| 856 | 4 | 0 | |u http://elibrary.imf.org/view/IMF002/21156-9781475517750/21156-9781475517750/21156-9781475517750.xml |x Verlag |z URL des Erstveröffentlichers |3 Volltext |
| 912 | |a ZDB-1-IMF | ||
| 999 | |a oai:aleph.bib-bvb.de:BVB01-033720749 | ||
| 966 | e | |u http://elibrary.imf.org/view/IMF002/21156-9781475517750/21156-9781475517750/21156-9781475517750.xml |l UBW01 |p ZDB-1-IMF |x Verlag |3 Volltext | |
| 966 | e | |u http://elibrary.imf.org/view/IMF002/21156-9781475517750/21156-9781475517750/21156-9781475517750.xml |l UEI01 |p ZDB-1-IMF |x Verlag |3 Volltext | |
| 966 | e | |u http://elibrary.imf.org/view/IMF002/21156-9781475517750/21156-9781475517750/21156-9781475517750.xml |l LCO01 |p ZDB-1-IMF |x Verlag |3 Volltext | |
| 966 | e | |u http://elibrary.imf.org/view/IMF002/21156-9781475517750/21156-9781475517750/21156-9781475517750.xml |l SBR01 |p ZDB-1-IMF |x Verlag |3 Volltext | |
| 966 | e | |u http://elibrary.imf.org/view/IMF002/21156-9781475517750/21156-9781475517750/21156-9781475517750.xml |l UER01 |p ZDB-1-IMF |x Verlag |3 Volltext | |
| 966 | e | |u http://elibrary.imf.org/view/IMF002/21156-9781475517750/21156-9781475517750/21156-9781475517750.xml |l SBG01 |p ZDB-1-IMF |x Verlag |3 Volltext | |
| 966 | e | |u http://elibrary.imf.org/view/IMF002/21156-9781475517750/21156-9781475517750/21156-9781475517750.xml |l UBG01 |p ZDB-1-IMF |x Verlag |3 Volltext | |
| 966 | e | |u http://elibrary.imf.org/view/IMF002/21156-9781475517750/21156-9781475517750/21156-9781475517750.xml |l FAN01 |p ZDB-1-IMF |x Verlag |3 Volltext | |
| 966 | e | |u http://elibrary.imf.org/view/IMF002/21156-9781475517750/21156-9781475517750/21156-9781475517750.xml |l UBT01 |p ZDB-1-IMF |x Verlag |3 Volltext | |
| 966 | e | |u http://elibrary.imf.org/view/IMF002/21156-9781475517750/21156-9781475517750/21156-9781475517750.xml |l FKE01 |p ZDB-1-IMF |x Verlag |3 Volltext | |
| 966 | e | |u http://elibrary.imf.org/view/IMF002/21156-9781475517750/21156-9781475517750/21156-9781475517750.xml |l UBY01 |p ZDB-1-IMF |x Verlag |3 Volltext | |
| 966 | e | |u http://elibrary.imf.org/view/IMF002/21156-9781475517750/21156-9781475517750/21156-9781475517750.xml |l UBA01 |p ZDB-1-IMF |x Verlag |3 Volltext | |
| 966 | e | |u http://elibrary.imf.org/view/IMF002/21156-9781475517750/21156-9781475517750/21156-9781475517750.xml |l FLA01 |p ZDB-1-IMF |x Verlag |3 Volltext | |
| 966 | e | |u http://elibrary.imf.org/view/IMF002/21156-9781475517750/21156-9781475517750/21156-9781475517750.xml |l UBM01 |p ZDB-1-IMF |x Verlag |3 Volltext | |
| 966 | e | |u http://elibrary.imf.org/view/IMF002/21156-9781475517750/21156-9781475517750/21156-9781475517750.xml |l UPA01 |p ZDB-1-IMF |x Verlag |3 Volltext | |
| 966 | e | |u http://elibrary.imf.org/view/IMF002/21156-9781475517750/21156-9781475517750/21156-9781475517750.xml |l UBR01 |p ZDB-1-IMF |x Verlag |3 Volltext | |
| 966 | e | |u http://elibrary.imf.org/view/IMF002/21156-9781475517750/21156-9781475517750/21156-9781475517750.xml |l FHA01 |p ZDB-1-IMF |x Verlag |3 Volltext | |
| 966 | e | |u http://elibrary.imf.org/view/IMF002/21156-9781475517750/21156-9781475517750/21156-9781475517750.xml |l FNU01 |p ZDB-1-IMF |x Verlag |3 Volltext | |
| 966 | e | |u http://elibrary.imf.org/view/IMF002/21156-9781475517750/21156-9781475517750/21156-9781475517750.xml |l BSB01 |p ZDB-1-IMF |x Verlag |3 Volltext | |
| 966 | e | |u http://elibrary.imf.org/view/IMF002/21156-9781475517750/21156-9781475517750/21156-9781475517750.xml |l TUM01 |p ZDB-1-IMF |x Verlag |3 Volltext | |
Datensatz im Suchindex
| _version_ | 1804184186728218624 |
|---|---|
| adam_txt | |
| any_adam_object | |
| any_adam_object_boolean | |
| building | Verbundindex |
| bvnumber | BV048341482 |
| collection | ZDB-1-IMF |
| ctrlnum | (ZDB-1-IMF)845807307 (OCoLC)1337128773 (DE-599)BVBBV048341482 |
| format | Electronic eBook |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>06584nmm a2200613 cb4500</leader><controlfield tag="001">BV048341482</controlfield><controlfield tag="003">DE-604</controlfield><controlfield tag="005">00000000000000.0</controlfield><controlfield tag="007">cr|uuu---uuuuu</controlfield><controlfield tag="008">220713s2014 |||| o||u| ||||||eng d</controlfield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">1475517750</subfield><subfield code="c">18.00 USD</subfield><subfield code="9">1-475-51775-0</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">9781475517750</subfield><subfield code="c">18.00 USD</subfield><subfield code="9">978-1-475-51775-0</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(ZDB-1-IMF)845807307</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)1337128773</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)BVBBV048341482</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-604</subfield><subfield code="b">ger</subfield></datafield><datafield tag="041" ind1="0" ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-20</subfield><subfield code="a">DE-824</subfield><subfield code="a">DE-70</subfield><subfield code="a">DE-155</subfield><subfield code="a">DE-29</subfield><subfield code="a">DE-22</subfield><subfield code="a">DE-473</subfield><subfield code="a">DE-1102</subfield><subfield code="a">DE-703</subfield><subfield code="a">DE-859</subfield><subfield code="a">DE-706</subfield><subfield code="a">DE-384</subfield><subfield code="a">DE-860</subfield><subfield code="a">DE-19</subfield><subfield code="a">DE-739</subfield><subfield code="a">DE-355</subfield><subfield code="a">DE-Aug4</subfield><subfield code="a">DE-1049</subfield><subfield code="a">DE-12</subfield><subfield code="a">DE-91</subfield></datafield><datafield tag="110" ind1="2" ind2=" "><subfield code="a">International Monetary Fund</subfield><subfield code="e">European Dept</subfield><subfield code="4">oth</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">Israel</subfield><subfield code="b">Staff Report for 2013 Article IV Consultation</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">Washington, D.C</subfield><subfield code="b">International Monetary Fund</subfield><subfield code="c">2014</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">1 Online-Ressource (70 p)</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="b">c</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="b">cr</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="490" ind1="0" ind2=" "><subfield code="a">IMF Staff Country Reports</subfield><subfield code="v">Country Report No. 14/47</subfield></datafield><datafield tag="520" ind1="3" ind2=" "><subfield code="a">KEY ISSUES Context. The economy is growing at a moderate pace. Abstracting from the impact of new large-scale natural gas production, GDP growth is estimated to have moderated to about 21⁄2 percent in 2013, owing in large part to weak investment and exports. Some pick up is expected in 2014, but the underlying momentum is weaker than before. Despite notable progress, Israel's public debt (68 percent of GDP) remains high, while continued house price increases pose risks of a boom-bust cycle in the housing market. Policy priorities. The key policy challenge is to maintain near-term growth at potential, while preventing the build-up of imbalances, strengthening resilience to shocks, and ensuring long-term sustainability. Monetary policy. Given the still uncertain external environment and headwinds to growth from an appreciation of the shekel and planned fiscal tightening, monetary policy should remain accommodative for now. </subfield></datafield><datafield tag="520" ind1="3" ind2=" "><subfield code="a">Macroprudential policy measures should be further tightened to minimize the risk of a boom-bust cycle in the housing market. If growth prospects improve more than expected, the policy stance should be gradually normalized. Fiscal policy. Bold fiscal consolidation measures embedded in the 2013-14 Budget are welcome, but further adjustment will be required for 2015 and beyond to anchor sustainability, along with a strengthening of fiscal institutions. Financial stability. The financial system remains relatively sound. In line with the recommendations of the 2012 FSAP Update, a Financial Stability Committee needs to be established, with a clear focus on macroprudential policies in normal times. Legal reforms aimed at strengthening the framework for bank resolution should be legislated as soon as practicable. Structural reforms. Further action is required to improve the business climate and boost competition in the non-tradable sector. </subfield></datafield><datafield tag="520" ind1="3" ind2=" "><subfield code="a">In addition, it will be important to enhance the participation of rapidly growing Israeli-Arab and Ultra-Orthodox Jewish (Haredi) populations in the labor force to bolster the economy's long-term potential and to reduce poverty and inequality</subfield></datafield><datafield tag="533" ind1=" " ind2=" "><subfield code="a">Online-Ausg</subfield></datafield><datafield tag="710" ind1="2" ind2=" "><subfield code="a">International Monetary Fund</subfield><subfield code="b">European Dept</subfield><subfield code="e">Sonstige</subfield><subfield code="4">oth</subfield></datafield><datafield tag="856" ind1="4" ind2="0"><subfield code="u">http://elibrary.imf.org/view/IMF002/21156-9781475517750/21156-9781475517750/21156-9781475517750.xml</subfield><subfield code="x">Verlag</subfield><subfield code="z">URL des Erstveröffentlichers</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-1-IMF</subfield></datafield><datafield tag="999" ind1=" " ind2=" "><subfield code="a">oai:aleph.bib-bvb.de:BVB01-033720749</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://elibrary.imf.org/view/IMF002/21156-9781475517750/21156-9781475517750/21156-9781475517750.xml</subfield><subfield code="l">UBW01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://elibrary.imf.org/view/IMF002/21156-9781475517750/21156-9781475517750/21156-9781475517750.xml</subfield><subfield code="l">UEI01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://elibrary.imf.org/view/IMF002/21156-9781475517750/21156-9781475517750/21156-9781475517750.xml</subfield><subfield code="l">LCO01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://elibrary.imf.org/view/IMF002/21156-9781475517750/21156-9781475517750/21156-9781475517750.xml</subfield><subfield code="l">SBR01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://elibrary.imf.org/view/IMF002/21156-9781475517750/21156-9781475517750/21156-9781475517750.xml</subfield><subfield code="l">UER01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://elibrary.imf.org/view/IMF002/21156-9781475517750/21156-9781475517750/21156-9781475517750.xml</subfield><subfield code="l">SBG01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://elibrary.imf.org/view/IMF002/21156-9781475517750/21156-9781475517750/21156-9781475517750.xml</subfield><subfield code="l">UBG01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://elibrary.imf.org/view/IMF002/21156-9781475517750/21156-9781475517750/21156-9781475517750.xml</subfield><subfield code="l">FAN01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://elibrary.imf.org/view/IMF002/21156-9781475517750/21156-9781475517750/21156-9781475517750.xml</subfield><subfield code="l">UBT01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://elibrary.imf.org/view/IMF002/21156-9781475517750/21156-9781475517750/21156-9781475517750.xml</subfield><subfield code="l">FKE01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://elibrary.imf.org/view/IMF002/21156-9781475517750/21156-9781475517750/21156-9781475517750.xml</subfield><subfield code="l">UBY01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://elibrary.imf.org/view/IMF002/21156-9781475517750/21156-9781475517750/21156-9781475517750.xml</subfield><subfield code="l">UBA01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://elibrary.imf.org/view/IMF002/21156-9781475517750/21156-9781475517750/21156-9781475517750.xml</subfield><subfield code="l">FLA01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://elibrary.imf.org/view/IMF002/21156-9781475517750/21156-9781475517750/21156-9781475517750.xml</subfield><subfield code="l">UBM01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://elibrary.imf.org/view/IMF002/21156-9781475517750/21156-9781475517750/21156-9781475517750.xml</subfield><subfield code="l">UPA01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://elibrary.imf.org/view/IMF002/21156-9781475517750/21156-9781475517750/21156-9781475517750.xml</subfield><subfield code="l">UBR01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://elibrary.imf.org/view/IMF002/21156-9781475517750/21156-9781475517750/21156-9781475517750.xml</subfield><subfield code="l">FHA01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://elibrary.imf.org/view/IMF002/21156-9781475517750/21156-9781475517750/21156-9781475517750.xml</subfield><subfield code="l">FNU01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://elibrary.imf.org/view/IMF002/21156-9781475517750/21156-9781475517750/21156-9781475517750.xml</subfield><subfield code="l">BSB01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="966" ind1="e" ind2=" "><subfield code="u">http://elibrary.imf.org/view/IMF002/21156-9781475517750/21156-9781475517750/21156-9781475517750.xml</subfield><subfield code="l">TUM01</subfield><subfield code="p">ZDB-1-IMF</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield></record></collection> |
| id | DE-604.BV048341482 |
| illustrated | Not Illustrated |
| index_date | 2024-07-03T20:13:13Z |
| indexdate | 2024-07-10T09:35:20Z |
| institution | BVB |
| isbn | 1475517750 9781475517750 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-033720749 |
| oclc_num | 1337128773 |
| open_access_boolean | |
| owner | DE-20 DE-824 DE-70 DE-155 DE-BY-UBR DE-29 DE-22 DE-BY-UBG DE-473 DE-BY-UBG DE-1102 DE-703 DE-859 DE-706 DE-384 DE-860 DE-19 DE-BY-UBM DE-739 DE-355 DE-BY-UBR DE-Aug4 DE-1049 DE-12 DE-91 DE-BY-TUM |
| owner_facet | DE-20 DE-824 DE-70 DE-155 DE-BY-UBR DE-29 DE-22 DE-BY-UBG DE-473 DE-BY-UBG DE-1102 DE-703 DE-859 DE-706 DE-384 DE-860 DE-19 DE-BY-UBM DE-739 DE-355 DE-BY-UBR DE-Aug4 DE-1049 DE-12 DE-91 DE-BY-TUM |
| physical | 1 Online-Ressource (70 p) |
| psigel | ZDB-1-IMF |
| publishDate | 2014 |
| publishDateSearch | 2014 |
| publishDateSort | 2014 |
| publisher | International Monetary Fund |
| record_format | marc |
| series2 | IMF Staff Country Reports |
| spelling | International Monetary Fund European Dept oth Israel Staff Report for 2013 Article IV Consultation Washington, D.C International Monetary Fund 2014 1 Online-Ressource (70 p) txt rdacontent c rdamedia cr rdacarrier IMF Staff Country Reports Country Report No. 14/47 KEY ISSUES Context. The economy is growing at a moderate pace. Abstracting from the impact of new large-scale natural gas production, GDP growth is estimated to have moderated to about 21⁄2 percent in 2013, owing in large part to weak investment and exports. Some pick up is expected in 2014, but the underlying momentum is weaker than before. Despite notable progress, Israel's public debt (68 percent of GDP) remains high, while continued house price increases pose risks of a boom-bust cycle in the housing market. Policy priorities. The key policy challenge is to maintain near-term growth at potential, while preventing the build-up of imbalances, strengthening resilience to shocks, and ensuring long-term sustainability. Monetary policy. Given the still uncertain external environment and headwinds to growth from an appreciation of the shekel and planned fiscal tightening, monetary policy should remain accommodative for now. Macroprudential policy measures should be further tightened to minimize the risk of a boom-bust cycle in the housing market. If growth prospects improve more than expected, the policy stance should be gradually normalized. Fiscal policy. Bold fiscal consolidation measures embedded in the 2013-14 Budget are welcome, but further adjustment will be required for 2015 and beyond to anchor sustainability, along with a strengthening of fiscal institutions. Financial stability. The financial system remains relatively sound. In line with the recommendations of the 2012 FSAP Update, a Financial Stability Committee needs to be established, with a clear focus on macroprudential policies in normal times. Legal reforms aimed at strengthening the framework for bank resolution should be legislated as soon as practicable. Structural reforms. Further action is required to improve the business climate and boost competition in the non-tradable sector. In addition, it will be important to enhance the participation of rapidly growing Israeli-Arab and Ultra-Orthodox Jewish (Haredi) populations in the labor force to bolster the economy's long-term potential and to reduce poverty and inequality Online-Ausg International Monetary Fund European Dept Sonstige oth http://elibrary.imf.org/view/IMF002/21156-9781475517750/21156-9781475517750/21156-9781475517750.xml Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Israel Staff Report for 2013 Article IV Consultation |
| title | Israel Staff Report for 2013 Article IV Consultation |
| title_auth | Israel Staff Report for 2013 Article IV Consultation |
| title_exact_search | Israel Staff Report for 2013 Article IV Consultation |
| title_exact_search_txtP | Israel Staff Report for 2013 Article IV Consultation |
| title_full | Israel Staff Report for 2013 Article IV Consultation |
| title_fullStr | Israel Staff Report for 2013 Article IV Consultation |
| title_full_unstemmed | Israel Staff Report for 2013 Article IV Consultation |
| title_short | Israel |
| title_sort | israel staff report for 2013 article iv consultation |
| title_sub | Staff Report for 2013 Article IV Consultation |
| url | http://elibrary.imf.org/view/IMF002/21156-9781475517750/21156-9781475517750/21156-9781475517750.xml |
| work_keys_str_mv | AT internationalmonetaryfund israelstaffreportfor2013articleivconsultation AT internationalmonetaryfundeuropeandept israelstaffreportfor2013articleivconsultation |