Adjusting to High Inflation: The Israeli Experience

Zalman F. Shiffer

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Monetary Policy and Economic Impact Historical Economic and Social Studies Economic Theory and Policy

Abstract

Zalman F. Shiffer examines the Israeli response to accelerating inflation, especially its various forms of inflation indexation. Shiffer discusses the general theory of inflation’s effect on price adjustment and the use of indexation.

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References

1977Inflation and Costs of Price Adjustment 1976Wage indexation: A macroeconomic approach 1978Towards an understanding of the real effects and costs of inflation 1981Towards an understanding of the costs of inflation: II 1978Towards An Understanding of the Real Effects and Costs of Inflation 1984The Inflationary Process in Israel: Shocks and Accommodation

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