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Visit Link : https://mullomasmullo.blogspot.com/?epic=0226471101 Book Synopsis : During the early 1980s, Israel's inflation rate rose to almost 500% per year—one of the highest inflation rates in the developed world. In 1985, the Israeli government implemented a program that immediately reduced inflation to 15%-20%, where it remained for the rest of the decade. How did the economy deal with these major changes so rapidly and successfully? In these eighteen articles, Leonardo Leiderman discusses why the Israeli plan worked and considers how other countries might benefit from similar policies. Even though standard economic models predict that output will drop and unemployment will rise during disinflation, Israel saw a boom in private consumption and large increases in real wages that lasted for about three years. To understand how the effects of Israeli disinflation policies defied typical expectations, Leiderman investigates how monetary fiscal policy determined Israel's runaway inflation and how the country brought its economy abruptly under control. He finds that rates of inflation and consumption depend on the public's expectations about future fiscal adjustments and that foreign trade shocks do not inevitably lead to a long-term rise in the inflation rate. His illumination of international trade and domestic policies, past and present, will interest academic economists and policymakers alike. Product details Publisher †: ‎ University of Chicago Press; 1s
Visit Link : https://mullomasmullo.blogspot.com/?epic=0226471101
Book Synopsis :
During the early 1980s, Israel's inflation rate rose to almost 500% per year—one of the highest inflation rates in the developed world. In 1985, the Israeli government implemented a program that immediately reduced inflation to 15%-20%, where it remained for the rest of the decade. How did the economy deal with these major changes so rapidly and successfully? In these eighteen articles, Leonardo Leiderman discusses why the Israeli plan worked and considers how other countries might benefit from similar policies.
Even though standard economic models predict that output will drop and unemployment will rise during disinflation, Israel saw a boom in private consumption and large increases in real wages that lasted for about three years. To understand how the effects of Israeli disinflation policies defied typical expectations, Leiderman investigates how monetary fiscal policy determined Israel's runaway inflation and how the country brought its economy abruptly under control. He finds that rates of inflation and consumption depend on the public's expectations about future fiscal adjustments and that foreign trade shocks do not inevitably lead to a long-term rise in the inflation rate. His illumination of international trade and domestic policies, past and present, will interest academic economists and policymakers alike.
Product details
Publisher †: ‎ University of Chicago Press; 1s
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Inflation and Disinflation: The Israeli Experiment
(Studies in Communication Media and Public
Opinion) by Leonardo Leiderman
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Product details
Publisher : University of Chicago Press; 1st edition (July 15, 1993)
Language : English
Hardcover : 344 pages
ISBN-10 : 0226471101
ISBN-13 : 978-0226471105
Item Weight : 1.5 pounds
Dimensions : 6 x 1.1 x 9 inches
Best Sellers Rank: #887,330 in Books (See Top 100 in Books)
#78 in International Accounting (Books)
#97 in Economic Inflation
#1,113 in African Politics
Description :
During the early 1980s, Israel's inflation rate rose to almost 500% per year—
one of the highest inflation rates in the developed world. In 1985, the Israeli
government implemented a program that immediately reduced inflation to
15%-20%, where it remained for the rest of the decade. How did the
economy deal with these major changes so rapidly and successfully? In these
eighteen articles, Leonardo Leiderman discusses why the Israeli plan worked
and considers how other countries might benefit from similar policies.
Even though standard economic models predict that output will drop and
unemployment will rise during disinflation, Israel saw a boom in private
consumption and large increases in real wages that lasted for about three
years. To understand how the effects of Israeli disinflation policies defied
typical expectations, Leiderman investigates how monetary fiscal policy
determined Israel's runaway inflation and how the country brought its
economy abruptly under control. He finds that rates of inflation and
consumption depend on the public's expectations about future fiscal
adjustments and that foreign trade shocks do not inevitably lead to a longterm
rise in the inflation rate. His illumination of international trade and
domestic policies, past and present, will interest academic economists and
policymakers alike.
COPY LINK IN DESCRIPTION TO DOWNLOAD THIS BOOK
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