Bank of Israel paper evaluates past monetary policy decisions


The Bank of Israel on May 6 published a discussion paper offering an ex post evaluation of monetary policy in the country.

The paper's authors, Eyal Argov, Alon Binyamini, Eliezer Borenstein and Irit Rozenshtrom, employed a model-based approach in carrying out their evaluation of monetary policy decisions taken by the Bank of Israel during the years 2001–10.

The study reveals several distinct sets of years: years in which actual root mean squares were close to the efficient frontier (2001 and

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: