3 papers
econ.GN2025
The COVID-19 Inflation Weighting in Israel
Jonathan Benchimol, Itamar Caspi, Yuval Levin
Significant shifts in the composition of consumer spending as a result of the COVID-19 crisis can complicate the interpretation of official inflation data, which are calculated by…
econ.GN2025
Measuring Communication Quality of Interest Rate Announcements
Jonathan Benchimol, Itamar Caspi, Sophia Kazinnik
We use text-mining techniques to measure the accessibility and quality of information within the texts of interest rate announcements published by the Bank of Israel over the past…
econ.GN2024
The Mortgage Cash-Flow Channel: How Rising Interest Rates Impact Household Consumption
Itamar Caspi, Nadav Eshel, Nimrod Segev
This study investigates the impact of increased debt servicing costs on household consumption resulting from monetary policy tightening. It utilizes observational panel microdata o…