Stanley Fischer - Comment - Israel News | Haaretz Daily Newspaper
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    • Alan Traister
    • 12.05.13 | 09:25 (IDT)

    If this is accurate: "...Meanwhile, interest rates were left too low, so they will continue to fuel the rise in housing prices...." And, if this also accurate: “...The main problem arose from the disproportionate tax reductions between 2004 and 2010. As a result, a budget hole amounting to 3% of gross domestic product was created, about NIS 30 billion in tax revenues....", I would like to know what was the role of the Governor of the Bank of Israel, Stanley Fischer in this economic fiasco. Why isn't he being mentioned as a contributor to the problem, rather than a miracle worker?

    from the article: Economists: Budget lacks stimulus provisions
    First published 02:03 12.05.13 | Last updated 02:03 12.05.13
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