Israel; Selected Issues

The study shows that the Israeli economy has emerged unscathed from the global financial crisis. The first part of the study outlines the relationship between risk and Israelâ€™s macroeconomic performance, estimated through a regression analysis. The second part of the study focuses on macrofinancial policies to cope with macrofinancial risk, with special emphasis on monetary and fiscal intervention. The study shows that stress testing and CCA analysis play a role in supervisory work; they complement and can inform each other in critical areas.

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Year of publication:	2011-01-24
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Central bank legislation \| Financial stability \| Global Financial Crisis 2008-2009 \| Government expenditures \| Public debt \| Risk management \| Selected issues \| expenditure \| medium-term expenditure \| expenditure planning \| fiscal policy \| public spending \| medium-term expenditure frameworks \| expenditure ceiling \| medium-term expenditure planning \| mtef \| expenditure ceilings \| aggregate expenditure \| fiscal rules \| fiscal framework \| expenditure frameworks \| medium-term expenditure framework \| expenditure envelope \| expenditure commitments \| budget balance \| fiscal discipline \| aggregate fiscal \| fiscal space \| medium term expenditure \| fiscal consolidation \| public expenditure \| aggregate expenditure ceiling \| medium term expenditure planning \| tax policy \| fiscal risks \| fiscal forecasts \| tax rates \| expenditure framework \| aggregate fiscal discipline \| fiscal tightening \| fiscal frameworks \| medium-term fiscal framework \| composition of public spending \| quality of public spending \| government spending \| annual budget \| budgetary expenditure \| government deficit \| fiscal policy priorities \| fiscal revenue \| expenditure forecast \| expenditure growth \| central government spending \| budget management \| taxation \| fiscal implications \| budget law \| fiscal forecasting \| budget process \| expenditure forecasts \| total expenditure \| expenditure forecasting \| fiscal policies \| budget deficit \| fiscal priorities \| expenditure allocations \| expenditure priorities \| fiscal planning \| budget allocation \| tax reductions \| budget execution data \| fiscal stance \| expenditure ratios \| state budget \| fiscal risk \| expenditure reduction \| fiscal effort \| government budget decisions \| fiscal management \| fiscal responsibility \| fiscal adjustments \| fiscal stabilizers \| fiscal positions \| expenditure control \| high spending \| fiscal projections \| defense spending \| fiscal consequences \| fiscal restraint \| budget deficits \| fiscal adjustment \| aggregate demand \| discretionary fiscal policy \| tax burden \| fiscal savings \| medium-term macro-fiscal framework \| aggregate expenditure control \| government budget \| medium - term expenditure \| fiscal rule \| expenditure proposals \| expenditure items \| aggregate expenditure ceilings \| expenditure plans \| total expenditure ceiling \| budget preparation process \| fiscal responsibility laws \| tax reforms \| fiscal objectives \| fiscal control \| fiscal balance \| expenditures

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Extent:	application/pdf
Series:	IMF Staff Country Reports.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series IMF Staff Country Reports Number 11/23 4 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011243589