From 1970 to 1985, Israel experienced high inflation. It rose in three jumps to new plateaus and eventually exceeded … of fallen bank shares caused the last big jump in inflation that occurred in October 1983. Bank shares had just collapsed …. Because that was foreseen, inflation immediately rose as predicted by the unpleasant monetarist arithmetic of Sargent and …

rate and large real-time errors in estimates of the natural rate uprooted here-to-fore quiescent inflation expectations and …, inflation expectations would have remained anchored and the stagflation of the 1970s would have been avoided. Indeed, we find … that less activist policies would have been more effective at stabilizing both inflation and unemployment. We argue that …

section, various underpinnings of the "Phillips curve" relation between inflation and output are reviewed. All are concluded …

This paper investigates the relation between the dynamics of inflation and international monetary and exchange rate … the Bretton Woods gold dollar standard appear to be associated with negligible persistence of inflation, while regimes of … managed exchange rates are associated with very high persistence of inflation. The interwar period is associated with …

impact of the zero bound on the effectiveness of interest rate policy in Japan in terms of stabilizing output and inflation …