“The housing-market policy should take into account both supply and demand.” Prof. Aviya Spivak and Prof. Michel Strawczynski respond to the lowering of the interest rate, Globes, 24.09.2013

Prof. Aviya Spivak and Prof. Michel Strawczynski of the Economics and Society Program respond to the surprising lowering of the interest rate to 1%. Prof. Strawczynski points out that the reduction is logical but that at the same time the government must take a number of additional steps, whereas Prof. Spivak notes that the Bank of Israel must undertake additional steps with regard to the supply side of the housing market.

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