Inflation and Disinflation

Inflation and Disinflation
Author :
Publisher : University of Chicago Press
Total Pages : 364
Release :
ISBN-10 : 0226471101
ISBN-13 : 9780226471105
Rating : 4/5 (105 Downloads)

Book Synopsis Inflation and Disinflation by : Leonardo Leiderman

Download or read book Inflation and Disinflation written by Leonardo Leiderman and published by University of Chicago Press. This book was released on 1993-07-15 with total page 364 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.


Inflation and Disinflation Related Books

Inflation and Disinflation
Language: en
Pages: 364
Authors: Leonardo Leiderman
Categories: Business & Economics
Type: BOOK - Published: 1993-07-15 - Publisher: University of Chicago Press

GET EBOOK

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 g
Inflation and Disinflation in Turkey
Language: en
Pages: 242
Authors: Faruk Selcuk
Categories: Business & Economics
Type: BOOK - Published: 2018-04-27 - Publisher: Routledge

GET EBOOK

This title was first published in 2002. Since the 1990s Turkey has experienced a number of disasters, both physical and economic. The result has been a decrease
Reducing Inflation
Language: en
Pages: 434
Authors: Christina D. Romer
Categories: Business & Economics
Type: BOOK - Published: 2007-12-01 - Publisher: University of Chicago Press

GET EBOOK

While there is ample evidence that high inflation is harmful, little is known about how best to reduce inflation or how far it should be reduced. In this volume
Inflation in Emerging and Developing Economies
Language: en
Pages: 524
Authors: Jongrim Ha
Categories: Business & Economics
Type: BOOK - Published: 2019-02-24 - Publisher: World Bank Publications

GET EBOOK

This is the first comprehensive study in the context of EMDEs that covers, in one consistent framework, the evolution and global and domestic drivers of inflati
Inflation Stabilization
Language: en
Pages: 452
Authors: World Institute for Development Economics Research
Categories: Business & Economics
Type: BOOK - Published: 1988 - Publisher: MIT Press

GET EBOOK

Rampant inflation is a major economic problem in many of the less developed countries; two out of three attempts to stabilize these economies fail. Inflation St