Israel: Background Studies, Information Notes, and Statistical Appendix
April 5, 1998
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This paper reviews economic developments in Israel during the 1990s. The paper analyzes tax revenue shortfalls in 1995–97. The factors that have contributed to overruns in the budget deficit relative to its targeted level are examined. The analysis indicates that the main difficulty has stemmed from the revenue side, and details the various areas where problems have occurred. The paper examines whether stable estimating equations for the major tax components can be established. The paper also examines volatility of interest rates in Israel.
Subject: Corporate income tax, Inflation, Inflation targeting, Monetary policy, Potential output, Prices, Production, Revenue administration, Taxes
Keywords: Corporate income tax, CR, exchange arrangement, exchange control system, GDP, HP filter, Inflation, Inflation targeting, ISCR, monetary policy, output gap, Potential output, securities transaction, shekel trading band
Pages:
114
Volume:
1998
DOI:
Issue:
028
Series:
Country Report No. 1998/028
Stock No:
1ISREA0011998
ISBN:
9781451819441
ISSN:
1934-7685
