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The Role Of Monetary Policy In Israels 1985 Stabilization Effort
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Author :International Monetary Fund Publisher :International Monetary Fund ISBN 13 :1451980620 Total Pages :100 pages Book Rating :4.4/5 (519 download)
Book Synopsis The Role of Monetary Policy in Israel's 1985 Stabilization Effort by : International Monetary Fund
Download or read book The Role of Monetary Policy in Israel's 1985 Stabilization Effort written by International Monetary Fund and published by International Monetary Fund. This book was released on 1990-04-01 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt: Comparing the performances of the Austral, Cruzado and Sheqel programs shows that the latent suggestion that a “heterodox” stabilization program can be implemented without tight fiscal discipline to support a restrictive monetary policy, though welcome in the politicial arena, is unwarranted. Freezes, pegs and controls alone are bound to lead to dismal failure. A highly restrictive monetary policy sustained by a tight fiscal policy persisting for a lengthy interval (in terms of the political horizon), supported by a stable exchange rate as a highly visible nominal anchor and by a temporary but significant erosion of real wages, have succeeded to contain a runaway inflation in Israel.
Book Synopsis Evolving Monetary Policy Frameworks in Low-Income and Other Developing Countries by : International Monetary Fund
Download or read book Evolving Monetary Policy Frameworks in Low-Income and Other Developing Countries written by International Monetary Fund and published by International Monetary Fund. This book was released on 2015-10-23 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the past two decades, many low- and lower-middle income countries (LLMICs) have improved control over fiscal policy, liberalized and deepened financial markets, and stabilized inflation at moderate levels. Monetary policy frameworks that have helped achieve these ends are being challenged by continued financial development and increased exposure to global capital markets. Many policymakers aspire to move beyond the basics of stability to implement monetary policy frameworks that better anchor inflation and promote macroeconomic stability and growth. Many of these LLMICs are thus considering and implementing improvements to their monetary policy frameworks. The recent successes of some LLMICs and the experiences of emerging and advanced economies, both early in their policy modernization process and following the global financial crisis, are valuable in identifying desirable features of such frameworks. This paper draws on those lessons to provide guidance on key elements of effective monetary policy frameworks for LLMICs.
Download or read book Monthly Labor Review written by and published by . This book was released on 2004 with total page 856 pages. Available in PDF, EPUB and Kindle. Book excerpt: Publishes in-depth articles on labor subjects, current labor statistics, information about current labor contracts, and book reviews.
Book Synopsis The Israeli Economy, 1985-1998 by : Avi Ben-Basaṭ
Download or read book The Israeli Economy, 1985-1998 written by Avi Ben-Basaṭ and published by MIT Press. This book was released on 2002 with total page 564 pages. Available in PDF, EPUB and Kindle. Book excerpt: An analysis of the structural reforms that transformed Israel's economy from one dominated by government intervention to a market-oriented, open economy.
Download or read book Working Paper Series written by and published by . This book was released on 1999 with total page 490 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book IMF Working Paper written by and published by . This book was released on 1992 with total page 664 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Bank of Israel written by Haim Barkai and published by Oxford University Press. This book was released on 2007-01-18 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: These two volumes were written on the occasion of the fiftieth anniversary of the founding of the Bank of Israel. They recount the monetary history of Israel from 1948, when the country was established (and before) to the present day. Volume I retells Israel's monetary history, analyzes the background of the developments mentioned above, and describes the difficulties in regaining monetary control in recent years. This volume also provides an analytical framework to help understand the monetary developments in the inflationary era and in the disinflation process.
Book Synopsis The Role of Monetary Policy in the Process of Economic Reform in Eastern Europe by : Peter Bofinger
Download or read book The Role of Monetary Policy in the Process of Economic Reform in Eastern Europe written by Peter Bofinger and published by . This book was released on 1990 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Economics in a Changing World by : Jean-Paul Fitoussi
Download or read book Economics in a Changing World written by Jean-Paul Fitoussi and published by Springer. This book was released on 1995-06-12 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt: Growth patterns have changed radically over the last two decades, to which capital and the labour markets appear to have failed to adapt. Unemployment in Europe has been growing, almost without remission, to levels unseen since the Great Depression. These facts are somewhat at odds with the development of growth theory which has mainly been orientated towards an equilibrium full employment framework. The main message of equilibrium theory of fluctuations was precisely that the policy maker is impotent. Now, with the universal acceptance of endogenous growth theory, the common concensus proposition would be `we are all neo-classical for the short run and Keynesian for the long run' (investment being too important for growth to be left entirely in private hands).
Author :International Monetary Fund. Research Dept. Publisher :International Monetary Fund ISBN 13 :1451973063 Total Pages :292 pages Book Rating :4.4/5 (519 download)
Book Synopsis IMF Staff papers, Volume 37 No. 3 by : International Monetary Fund. Research Dept.
Download or read book IMF Staff papers, Volume 37 No. 3 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 1990-01-01 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes macroeconomic effects of projected population aging in industrial countries. The effects of population aging are examined with a theoretical model and simulations of the IMF’s multiregion econometric model (MULTIMOD). The study highlights that an older population will consume more of aggregate disposable income, require higher government expenditure, and decrease labor supply. These effects should raise real interest rates and lower capital stock and output. Effects on current balances will depend on the relative speed and extent of aging.
Book Synopsis Israel's Stabilization Program of 1985, Or, Some Simple Truths of Monetary Theory by : Don Patinkin
Download or read book Israel's Stabilization Program of 1985, Or, Some Simple Truths of Monetary Theory written by Don Patinkin and published by . This book was released on 1990 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Currency Convertibility in Eastern Europe by : John Williamson
Download or read book Currency Convertibility in Eastern Europe written by John Williamson and published by . This book was released on 1991 with total page 488 pages. Available in PDF, EPUB and Kindle. Book excerpt: Analyzes the issue of convertibility of currency in an Eastern European context, reviews the history of efforts elsewhere to achieve it, and recommends preferred courses of action. In particular, it considers the relative merits of shock programmes and more gradual approaches.
Book Synopsis Bigger Economies, Smaller Governments by : William Glade
Download or read book Bigger Economies, Smaller Governments written by William Glade and published by Routledge. This book was released on 2019-08-15 with total page 416 pages. Available in PDF, EPUB and Kindle. Book excerpt: Privatization of large national enterprises has been the most far-reaching of Latin America's dramatic structural reforms, the objective being to underpin fiscal stability by shedding huge capital requirements. But long-term gains to the economy also depend on such factors as increased efficiency through better communications and infrastructure and
Book Synopsis Exchange-Rate-Based Stabilization under Imperfect Credibility by : Mr.Guillermo Calvo
Download or read book Exchange-Rate-Based Stabilization under Imperfect Credibility written by Mr.Guillermo Calvo and published by International Monetary Fund. This book was released on 1991-08-01 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes stabilization policy under predetermined exchange rates in a cash-in-advance, staggered-prices model. Under full credibility, a reduction in the rate of devaluation results in an immediate and permanent reduction in the inflation rate, with no effect on output or consumption. In contrast, a non-credible stabilization results in an initial expansion of output, followed by a later recession. The inflation rate of home goods remains above the rate of devaluation throughout the program, thus resulting in a sustained real exchange rate appreciation.
Book Synopsis Inflation and Disinflation by : Leonardo Leiderman
Download or read book Inflation and Disinflation written by Leonardo Leiderman and published by University of Chicago Press. This book was released on 1993-07-15 with total page 364 pages. Available in PDF, EPUB and Kindle. Book excerpt: During the early 1980s, Israel's inflation rate rose to almost 500% per year—one of the highest inflation rates in the developed world. In 1985, the Israeli government implemented a program that immediately reduced inflation to 15%-20%, where it remained for the rest of the decade. How did the economy deal with these major changes so rapidly and successfully? In these eighteen articles, Leonardo Leiderman discusses why the Israeli plan worked and considers how other countries might benefit from similar policies. Even though standard economic models predict that output will drop and unemployment will rise during disinflation, Israel saw a boom in private consumption and large increases in real wages that lasted for about three years. To understand how the effects of Israeli disinflation policies defied typical expectations, Leiderman investigates how monetary fiscal policy determined Israel's runaway inflation and how the country brought its economy abruptly under control. He finds that rates of inflation and consumption depend on the public's expectations about future fiscal adjustments and that foreign trade shocks do not inevitably lead to a long-term rise in the inflation rate. His illumination of international trade and domestic policies, past and present, will interest academic economists and policymakers alike.
Book Synopsis Approaches to Exchange Rate Policy by : Mr.Richard C. Bart
Download or read book Approaches to Exchange Rate Policy written by Mr.Richard C. Bart and published by International Monetary Fund. This book was released on 1994-06-01 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt: External sector policies and exchange rate policy are central to a country's economic performance and to the IMF's surveillance functions. The papers in this book, edited by Richard Barth and Chorng-Huey Wong, were presented at a seminar on Exchange Rate Policy in Developing and Transition Economies held by the IMF Institute. They analyze choices of exchange rate regimes, issues affecting management of exchange regimes, and specific types of regimes, including case studies from the former Soviet Union, Africa, Asia, and Latin America.
Book Synopsis Index to International Statistics by :
Download or read book Index to International Statistics written by and published by . This book was released on 1992 with total page 736 pages. Available in PDF, EPUB and Kindle. Book excerpt:
