Truck and Barter

There is an interesting discussion with the Governor of Central Bank of Israel, Stanley Fischer at Bloomberg. The interview illustrates the difficulties for economic policy makers at a time of war; though the country’s finance minister allocated additional money for the war effort, it will come from reductions in other programs. Fischer also increased interest rates recently. Fischer deserves lot of credit for the resilience of the Israeli economy.

I think the quality of a country’s central bank website gives an indication of the state of development of a country and an assessment of the capacity and expertise of the country’s economic policy makers. On that account Israel does an excellent job, and the neighboring Arab countries have a long way to go.

For comment; What’s the equivalent in the US, of Bank of Israel’s the State of the Economy Index?

Related;
The Governor, Stanley Fischer - "Reflections on One Year at the Bank of Israel"
Stanley Fischer - The Role of the Central Bank: The Israeli Case