Israel 2011.

Format:

Book

Author/Creator:

Organisation for Economic Co-operation and Development Staff, Corporate Author.

Contributor:

Organisation for Economic Co-operation and Development.

Series:

OECD economic surveys, 0376-6438

OECD economic surveys. Israel, 2225-1839 ; v. 2011/18 (December 2011)

Language:

English

Subjects (All):

Israel--Economic conditions.

Israel.

Israel--Economic policy.

Physical Description:

1 online resource (127 p.)

Place of Publication:

Paris : OECD, 2011.

Language Note:

English

Summary:

The OECD's 2011 Economic Survey of Israel examines recent economic developments, policy and prospects, the housing market, private sector finance, and the energy sector and provides a series of recommendations

Contents:

""Table of contents""; ""Basic statistics of Israel, 2010""; ""Executive summary""; ""Assessment and recommendations""; ""Growth has been relatively strong, but global developments are weakening prospects""; ""Figure 1. A relatively strong recovery but recent slowing""; ""Table 1. Short-term economic outlook""; ""Challenges in long-run productivity performance and poverty remain""; ""Figure 2. Core challenges for the longer term""; ""Monetary policy and financial stability""; ""An unusual and difficult conjuncture for monetary policy�""; ""Figure 3. Current issues for monetary policy""

""� was tackled by combining rate hikes with currency intervention""""Changes to the Bank of Israel�s modus operandi continue""; ""Additional steps are being taken to cool the housing market""; ""There is room to improve financial supervision""; ""In banking, planned legislation to allow securitisation should proceed cautiously""; ""Corporate bond markets remain the major concern""; ""The framework for saving in institutional funds could be improved""; ""Box 1. Core recommendations on monetary policy and financial-market regulation""; ""Fiscal policy""

""Debt reduction should remain the top priority""""Figure 4. Fiscal outcomes""; ""Faster spending growth under the new fiscal rule is welcome""; ""Figure 5. Primary civilian and overall government expenditure""; ""Near-term prospects in fiscal performance have weakened""; ""Ensuring revenues remain on track in the longer term remains a core challenge""; ""Figure 6. Fiscal scenarios with adherence to the deficit targets and new spending rule""; ""Table 2. Key features of the Trajtenberg Committee�s recommendations""; ""Figure 7. Tax indicators""

""An innovative shift to a two-year budget cycle""""And a significant improvement in the fiscal treatment of hydrocarbon resources""; ""Box 2. Core recommendations on fiscal policy""; ""Education, labour and social policies""; ""Figure 8. Education and labour-market indicators""; ""Some good news in the latest PISA results and reasonable progress in education reform""; ""A lack of progress in making employment and social policies more effective""; ""In housing, tax settings excessively favour home ownership�""

""� and housing support schemes extend well beyond assistance to low-income households""""Box 3. Core recommendations on education, labour and social policies""; ""Progress in improving the business environment""; ""Figure 9. Indicators of business policy""; ""In the housing sector reforms to planning regulation are underway""; ""In the energy sector, sluggish reform in electricity and concerns about competition in natural gas""; ""Competition issues in the financial sector remain a subject of debate""; ""Box 4. Core recommendations on the business environment""; ""Environmental issues""

""Plans for GHG-emission reduction focus on the electricity sector""

Notes:

Description based upon print version of record.

Includes bibliographical references.

ISBN:

92-64-03803-5