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2015-02-12Buch DOI: 10.18452/4566
From Galloping Inflation toPrice Stability inSteps
dc.contributor.authorMelnick, Rafi
dc.contributor.authorStrohsal, Till
dc.date.accessioned2017-06-16T01:11:57Z
dc.date.available2017-06-16T01:11:57Z
dc.date.created2015-06-18
dc.date.issued2015-02-12
dc.date.submitted2015-02-12
dc.identifier.issn1860-5664
dc.identifier.urihttp://edoc.hu-berlin.de/18452/5218
dc.description.abstractAfter 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 by constant levels with short-lived fluctuations around them. Multiple endogenous breakpoint tests provide strong empirical evidence in favor of our claim. We find that the disinflation process is defined by three clear steps of high, medium and low inflation. The break dates are in line with major economic events that constitute the end and the beginning of each disinflation step.eng
dc.language.isoeng
dc.publisherHumboldt-Universität zu Berlin, Wirtschaftswissenschaftliche Fakultät
dc.subjectInflationeng
dc.subjectDisinflation Stepseng
dc.subjectMultiple Breakpoint Testseng
dc.subjectInflation Targetingeng
dc.subject.ddc310 Statistik
dc.subject.ddc330 Wirtschaft
dc.titleFrom Galloping Inflation toPrice Stability inSteps
dc.typebook
dc.subtitleIsrael 1985–2013
dc.identifier.urnurn:nbn:de:kobv:11-100230772
dc.identifier.doihttp://dx.doi.org/10.18452/4566
local.edoc.container-titleSonderforschungsbereich 649: Ökonomisches Risiko
local.edoc.pages15
local.edoc.type-nameBuch
local.edoc.container-typeseries
local.edoc.container-type-nameSchriftenreihe
local.edoc.container-volume2015
local.edoc.container-issue9
local.edoc.container-year2015
local.edoc.container-erstkatid2195055-6

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