I didn’t apply for the IMF job because I don’t like my current job, but rather because the IMF job is one of the very few – perhaps the only one – for which I would be prepared to leave the Bank of Israel. My current job is a wonderful one, which ties in with almost my entire previous career and all my previous hopes.
You asked whether I enjoy the job of governor of the Bank of Israel. Perhaps ‘enjoy’ isn’t the right word. Day-to-day, like every job – possibly even including being the editor of Euromoney – it has its irritations. But at the end of the day, this is a job that gives me great satisfaction.
The last time you spoke to Euromoney, you mentioned Israeli house prices, which, according to your research department, were then slightly above long-term equilibrium. Does Israel have a housing bubble now? (see Central bank governor of the year 2010, Euromoney 2010: Stanley Fischer’s bold moves show the value of experience)
We don’t hear the same noises from the market that we were hearing when we last spoke.
