Monetary policy rules and transmission mechanisms under inflation targeting in Israel
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Date
2002
Authors
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Journal ISSN
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Publisher
Banco Central de Chile
Abstract
Description
Disinflation in Israel has been a relatively slow process. It took more than a decade for the annual rate of inflation to fall from about 18 percent in the late 1980s to less than 4 percent in the late 1990s. For 2000 and 2001 the government has set an inflation target range of 3 to percent. Whether low inflation will be a permanent feature of the Israeli economy remains to be seen.
Keywords
POLÍTICA MONETARIA, INFLACIÓN