A few days ago, the Bank of Israel Research Department published a document that dealt entirely with the measures necessary to increase the standard of living in Israel. At the Bank of Israel, we asked ourselves how to do this, and the answer is that the focus must be on improving worker productivity in Israel. This is the “roadmap” that we created.
These recommendations illustrate the Bank of Israel’s commitment to deal with the most pressing macroeconomic issues for the economy as part of my job as economic advisor to the government, and based on a professional in-depth analysis. I will expand on this in a few moments.