They have in common that they derive from ongoing changes in the structure and functioning of the economy that have bearing on the conduct of monetary policy and the transmission of its effects, notably: 1.  the process of globalisation;  2.  technological advances and changes in productivity growth; and  3.  financial innovation and development.
Bank of Israel employees are public servants who come here to present to you their professional position as an input to the legislative process, and to contribute to the laws you are legislating being better and for the benefit of the public.