| Description |
1 online resource (xix, 300 pages) : illustrations |
| Series |
Clarendon lectures in economics |
|
Clarendon lectures in economics.
|
| Contents |
List of Figures; List of Tables; Abbreviations; 1. High Inflation, Growth Crisis, and Reform: Historical Perspective and Brief Overview; 1.1 Recent Comparative International Experience; 1.2 Explosive Hyperinflations of the 1920s; 1.3 Chronic High Inflation in Recent History; 1.4 Emergence of the 'Heterodox' Approach to Stabilization; 1.5 Structural Crisis and Reform as Protracted Processes: An Overview of the Issues; 2. The Gathering Storm: Israel's Structural Crisis in the 1970s; 2.1 Growth and Productivity: A Historical Perspective |
|
2.2 International Comparison of Growth and Inflation2.3 The Government Budget: From Growth to Redistribution; 2.4 Ballooning Internal and External Debt; 2.5 Implications for the Structure of Employment; 2.6 Savings, Investments, and Rates of Return; 2.7 The Self-Reinforcing Nature of the Structural Crisis: A Partial Summary; 3. Shocks and Accommodation: The Dichotomy and Mechanics of High Inflation; 3.1 Introduction; 3.2 Budget Finance, Seigniorage, and Average Inflation; 3.3 From Single- to Three-Digit Inflation: The Changing Trade-off between Real GDP, Inflation, and the Current Account |
|
3.4 Aggregate Supply and Demand, and the Analytics of Nominal Anchors3.5 Time-Invariance of the Basic Inflation Equation; 3.6 Backward Indexation and Changing Inflation Dynamics; 3.7 Concluding Note; Mathematical Appendix; 4. Preparing for a Comprehensive Stabilization Programme 1981-1985: Doctrinal Debates, Politics, and Trial by Error; 4.1 Introduction: Ideas, Economists, and Politicians; 4.2 Economists' Changing Views on Exchange Rates, Inflation, and Stabilization; 4.3 A Digression on the Players in the Political Game; 4.4 Deepening Crisis, Lebanon, and a Dollarization Fiasco, 1981-1984 |
|
4.5 The National Unity Government in its First Year (1984-1985), or The Fine Art of Muddling Through4.6 Economists are Finally Given a Chance; 4.7 Outline of the July Programme; 4.8 Politics and the Social Wage Contract; 5. The Fight over Stabilization and the Structural Adjustment Process, 1985-1991; 5.1 Introduction and Overview; 5.2 Phase 1: Early Tests of Fiscal and Exchange-Rate Credibility; 5.3 Phases 2 and 3: The Post-Stabilization Business Cycle; 5.4 Establishing Fiscal Credibility; 5.5 The Struggle over the Establishment of a Nominal Anchor: Credibility and Learning |
|
5.6 A Digression on the Role of Price Controls and their Removal5.7 Structural Adjustment and the Reform Process; 6. Latin American Comparisons: Failures, Successes, Heterogeneity; 6.1 Introduction; 6.2 Chile: From Democracy to a Socialist Experiment; 6.3 The Military Government and the Lessons of Pure Orthodoxy; 6.4 From Tablita to Confidence Crisis; 6.5 Recovery and Normalization: Reaping the Benefits of Reform; 6.6 How Different was Argentina from Chile in the 1970s?; 6.7 Argentina and Bolivia in 1985: Why was the Austral Plan Short-Lived? |
| Summary |
Considers the phenomenon of the high inflation processes of the 1970s and 1980s as exemplified by Argentina, Brazil and Israel. The author examines common characteristics of such processes and their possible cures, focusing on the Israeli experience of the political economy of stabilization |
| Analysis |
Economic conditions |
| Notes |
"Clarendon lectures." |
| Bibliography |
Includes bibliographical references (pages 280-290) and indexes |
| Notes |
English |
|
Print version record |
| Subject |
Inflation (Finance) -- Israel
|
|
Economic stabilization -- Israel
|
|
Inflation (Finance)
|
|
Economic stabilization.
|
|
Economic policy.
|
|
Economic history -- 1971-1990.
|
|
Economic stabilization -- Israel
|
|
Inflation, Economic
|
|
POLITICAL SCIENCE -- Public Policy -- Economic Policy.
|
|
BUSINESS & ECONOMICS -- Government & Business.
|
|
BUSINESS & ECONOMICS -- Development -- Economic Development.
|
|
BUSINESS & ECONOMICS -- Development -- Business Development.
|
|
BUSINESS & ECONOMICS -- Structural Adjustment.
|
|
BUSINESS & ECONOMICS -- Development -- General.
|
|
Economic history
|
|
Economic policy
|
|
Economic stabilization
|
|
Inflation (Finance)
|
|
Inflatie.
|
|
Economische stabiliteit.
|
|
Israel -- Economic policy
|
|
Israel -- Economic conditions
|
|
Israel
|
| Form |
Electronic book
|
| LC no. |
93016300 |
| ISBN |
9780191521560 |
|
0191521566 |
|
0198286635 |
|
9780198286639 |
|
1280813784 |
|
9781280813788 |
|
9780191603839 |
|
019160383X |
|
9786610813780 |
|
6610813787 |
|
