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Essay / Research Paper Abstract
This 9-page paper discusses how inflation impacted the Israeli economy during the latter part of the 20th century. Topics under discussion include fiscal mismanagement and the Economic Stabilzation Program that effectively ended the country's triple-digit inflation. Bibliography lists 8 sources.
Page Count:
9 pages (~225 words per page)
File: D0_MTisreco.rtf
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Unformatted sample text from the term paper:
country made news with the onset of the Yom Kippur War, and continues to make news as it battles with the Palestine Liberation Organization for rights to land settlement.
What does not make the evening news to any great extent, however, is the Israeli economy. The economy, as of now, is somewhat
stable (although given the current worldwide economic slump, Israel is doing about as well as can be expected). But the economy wasnt necessarily always stable, with relatively low inflation. During
the late 1970s and through the late 1980s, inflation rates soared, prompting concerns about everything from capital flight to reduced consumer spending.
In this paper, well examine the Israeli economy from the mid-1970s to today. Well determine why inflation rates went into triple digits, and the governments abortive attempts to deal with
the problem. At the end of the paper, well examine how the Israeli economy is behaving today, and how the Bank of Israel is working hard to try to curb
inflation while supporting an expanding economy. An Overview of Inflation During the early 1980s, Israel was an economic country in a crisis.
Triple-digit inflation and the fact that currency as a means of payment was stuffed in mattresses (instead of invested in financial instruments) were leading to a country that was facing
a serious financial crisis (Offenbacher and Stein, 2003). According to Offenbacher and Stein, milder forms of currency substitution have been the hallmark
of Israels economy - and continues so toward this day (even though inflation these days is in single digits) (Offenbacher and Stein, 2003). The authors also point out that much
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