01.01.04

Publication of 'Israel Economic Review,' Volume 1, No.2

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The second volume of the Israel Economic Review has just been published. This new international journal appears in English and contains research articles on Israel's economy. Its publication is a joint initiative of the Israel Economic Association, which publishes The Economic Quarterly in cooperation with Am Oved Publishers, and the Bank of Israel, which publishes its own Economic Review. The articles in the new international journal have been selected from those two publications, which appear in Hebrew, and the editors' main objective is to stimulate research on all aspects of Israel's economy and make the results available to the international scientific community.

The second volume, which has recently been published, is dedicated to the memory of Professor Oved Yosha of Tel-Aviv University, who died prematurely. Oved Yosha was also a consultant to the Bank of Israel's Research Department, and specialized in 'Comparative Financial Systems.' Many of his articles have appeared in the most prestigious professional journals.

The current volume comprises six articles. The article by Bent S?rensen and the late Oved Yosha, which was completed shortly before the latter's untimely demise, estimates the advantages of instituting insurance arrangements by means of international trade in the Middle East. Roni Frish's article examines the effect of a rise in public consumption on private consumption when the transmission mechanism is based on the capital market. The article by Momi Dahan, Eyal Dvir, Natalie Mironichev, and Samuel Shye discusses the factors affecting success in the Israeli school matriculation certificate in order to examine whether ethnic gaps have narrowed. The article by Joseph Djivre and Sigal Ribon addresses the mechanisms influencing monetary policy in the context of unemployment and the exchange rate. Neil Gandal's article analyzes recent developments in telecommunications in Israel in relation to actual and desired policy. Finally, Yaacov Lavi examines whether changes in current income affect the development of private consumption in Israel.