This analysis of Israel's successful stabilisation programme
challenges current thinking on macroeconomic policy. It reviews and
examines the take-off of runaway inflation and of the subsequent
stabilisation policy in what can be seen as laboratory conditions.
Since Israel's stabilisation policy is one of only two which have
actually succeeded, it offers important lessons to all East
European and many Latin American countries in the design and
implementation of these programmes. Professional economists
concerned with macroeconomics, money, credit and banking, monetary
and banking theory, economic policy, and inflation and
stabilisation, as well as Latin American and East European
scholars, should find this work extremely informative.
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