The Lessons Of Israel's Great Inflation

This analysis of Israel's successful stabilization program challenges current thinking on macroeconomic policy. It reviews and examines the take-off of runaway inflation and of the subsequent stabilization policy in what can be seen as laboratory conditions. Since Israel's stabilization 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 programs.

Professional economists concerned with macroeconomics, money, credit and banking, monetary and banking theory, economic policy, and inflation and stabilization, as well as Latin American and East European scholars, will find this work extremely informative. Review: ?Barkai's highly absorbing monograph on Israeli inflation reflects both his eminence as a scholar and the practical insight he gleaned during his long service as an advisor to the Israeli government and the Bank of Israel.?-Choice