This 2012 Article IV Consultation reports that Israel has emerged from the 2008–09 global crisis with strong economic growth, a resilient banking system, and unemployment at historic lows. Exports, at 40 percent of GDP, depend on global demand for high-technology products, such as electronics...

This paper examines the behavior of private sector credit in chronic inflation countries that undergo exchange rate-based inflation stabilizations. It concludes that these programs are characterized by a strong increase in private sector credit, both in absolute terms and as a fraction of real...

The estimated potential output growth decelerated from 4.9 percent in the third quarter of 2000 to 4.2 percent in the first quarter of 2001. In the Israeli context, the sharp and exogenous nature of shocks at the end of 2000 complicated the task of estimation. The paper presents potential output...

This report analyzes the Israeli economy and its financial system in detail. A strong macroprudential framework is believed to be an effective tool in identifying in advance and extenuating threats that arise within the financial domain. It is also stated that the present fragile global economic...

Introduction : an inquiry into labor in Israel in the 21st century -- Neoliberalism, neocorporatism and worker representation -- The rise of labor activism -- The old structures : corrupt, fossilized, irrelevant? -- Taking the struggle beyond the workplace -- Renegotiating the role of the...

The following is the text of a presentation delivered by Dr. Shimshon Bichler at the 30-year celebration of the Alternative Information Center (AIC), on October 5, 2013. Dr. Bichler is a political economist and veteran member of the AIC Board of Directors.

This paper argues that terrorism, beyond its immediate impact on innocent victims, also raises the costs of crime, and therefore, imposes a negative externality on potential criminals. Terrorism raises the costs of crime through two channels: (i) by increasing the presence and activity of the...