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Robert Hall, economics professor at Stanford University (left) and Michael Woodford, of Columbia University. (Handout/various sources/AFP)
October 12, 2026, 6:58 pm
2 American economists win Nobel for work on managing economic shocks
Robert E. Hall and Michael Woodford, affiliated, respectively, with Stanford and Columbia universities, created theoretical foundation to understand how consumers save and spend
By KOSTYA MANENKOV, STEFANIE DAZIO and PAUL WISEMAN
The scene where a ballistic missile fired from Iran hit and caused damage in Tel Aviv, June 16, 2025. (Erik Marmor/Flash90)
August 17, 2025, 9:33 pm
Israel’s economy slumps 3.5%, as Iran war squeezes consumer spending and business
Economy suffers first contraction since outbreak of war in Oct. 2023, as private consumption, investments, and exports fall, given massive reservist call-up and business closures
By Sharon Wrobel
Finance Minister Bezalel Smotrich speaks during a press conference at the Finance Ministry in Jerusalem, September 3, 2024. (Chaim Goldberg/Flash90)
October 15, 2024, 4:49 am
Treasury proposes to cut benefits, hike taxes for lowest earners to fund war
Arrangements Law also includes measures taxing advanced study fund and pension contributions; the ‘government is going to hit you in the savings,’ warns Liberman
By Sharon Wrobel and Sam Sokol
A street in the Christian quarter of the Old City of Jerusalem, usually lined with restaurants and shops, sits empty amid Israel's war against Hamas in Gaza and the halt to international tourism to the city, December 14, 2023. (Gianluca Pacchiani/Times of Israel)
July 18, 2024, 8:40 pm
Up to 60,000 Israeli businesses may close in 2024 as war takes toll on economy
CofaceBDI says 46,000 businesses have shut down since Hamas invasion and slaughter on Oct. 7 amid ongoing war; construction, agriculture and services sectors are hit hardest
By Sharon Wrobel
Families of Hamas hostages dance at the Western Wall on November 21, 2023 with two new Torah scrolls dedicated to the return of the hostages and in memory of those killed on October 7 (Photo by Yonatan Sindel/Flash90)
December 12, 2023, 1:24 pm
Daily Briefing Dec. 12: Day 67 – Scribes write Torahs for troops, hostages, kibbutz
Diaspora affairs reporter Canaan Lidor discusses Nahal Oz kibbutz relocation and Torah scrolls on turbo as Tech Israel editor Sharon Wrobel looks at consumer spending since Oct. 7
By ToI Staff
Illustrative. A grocery shopper in the northern town of Katzrin, in the Golan Heights, on July 1, 2022. (Michael Giladi/Flash90)
December 11, 2023, 5:43 pm
Amid Hamas war, Israeli consumer confidence takes another dip in November
A combination of demand and supply concerns and employee absences is causing economic uncertainty, sending consumer confidence tumbling to levels seen during COVID-19 pandemic
By Sharon Wrobel
Finance Minister Bezalel Smotrich speaks during a press conference at the Ministry of Finance in Jerusalem on August 9, 2023. (Chaim Goldberg/Flash90)
September 10, 2023, 5:44 pm
Fiscal state deficit widens to 1.3%, exceeding government target
Figures show government spending has risen 9.4% since start of the year, while state income from taxes declined 4.3% year-on-year, led by sharp drop in real estate taxation
By Sharon Wrobel
US Capitol Police officers stand at the base of the steps to the House Chambers as the House votes on a $1.7 trillion spending package on December 23, 2022 in Washington. The House of Representatives voted to pass the spending bill that will fund the government through 2023. (Anna Moneymaker/Getty Images/AFP)
December 24, 2022, 6:47 am
US Congress greenlights $1.7 trillion spending bill with $45 billion in Ukraine aid
Massive measure, passed mostly along party lines, boosts funding for defense, domestic initiatives such as disaster relief, substance abuse prevention and treatment programs
By KEVIN FREKING
Illustrative image of a kindergarten in Petah Tikvah. (Screen capture/YouTube)
December 20, 2022, 8:01 pm
Bank of Israel says education funds needed to boost human capital, workforce
Central bank governor underlines need for investment in early childhood education and vulnerable populations to improve workforce
By Sharon Wrobel
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