| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP11787 |
| DP11787 Israel’s Triumph over Inflation: The Long and Winding Road | |
| Assaf Razin | |
| 发表日期 | 2017-01-16 |
| 出版年 | 2017 |
| 语种 | 英语 |
| 摘要 | The paper gives an economic-history perspective of the long struggle with Inflation. It covers the early acceleration to three-digit levels, lasting 8 years; The stabilization program, based on political backing triggered sharp fall in inflationary expectation, and consequently to sharp inflation reduction to two- digit levels; The convergence to the advanced countries’ levels during the “great Moderation”; And Israel’ resistance to the deflation-depression forces that the 2008 crisis created. The emphasis is on the forces of globalization and the building of institutions, political, regulatory, financial, budget design, and monetary, which helped stabilize prices and output. |
| 主题 | International Macroeconomics and Finance |
| 关键词 | Hyperinflation Deflation-depression forces Stabilization |
| URL | https://cepr.org/publications/dp11787 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/540601 |
| 推荐引用方式 GB/T 7714 | Assaf Razin. DP11787 Israel’s Triumph over Inflation: The Long and Winding Road. 2017. |
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