Melnick, Rafi; Strohsal, Till - Sonderforschungsbereich 649: Ökonomisches Risiko, … - 2015
After the introduction of a stabilization program Israeli inflation decreased from 400% in 1985 to 2% in 2013. This paper analyzes how the remarkable transition process of Israel’s disinflation took place. We reinforce the existing hypothesis that inflationmoved in distinct steps characterized...