10. Monetary Policy and Its Costs

Chapters in this book

1. Frontmatter i
2. Contents vii
3. Preface xiii
4. Acknowledgments xix
5. 1. Historical Background 1
6. Part I.The Israeli Growth Miracle
7. Introduction 31
8. 2. Catching Up: The Rapid Growth of 1922–1972 33
9. 3. Explaining Israeli Economic Growth 53
10. 4. High-Tech, High Fertility, and Missing Capital 74
11. Lessons from Part I 97
12. Part II. The Israeli-Arab Conflict
13. Introduction 101
14. 5. The Conflict and the Fiscal Roller Coaster 105
15. 6. Additional Costs of the Conflict 123
16. Lessons from Part II 147
17. Part III. Economic Lessons from a Turbulent History
18. Introduction 149
19. 7. Business Cycles in Israel 153
20. 8. The Balance of Payments: From Deficit to Surplus 177
21. 9. High Inflation in Israel 199
22. 10. Monetary Policy and Its Costs 223
23. Lessons from Part III 243
24. Part IV. Neoliberalism and Its Impacts
25. Introduction 245
26. 11. Between Intervention and Markets 247
27. 12. The Public Sector since 1985 271
28. 13. Inequality 297
29. Lessons from Part IV 325
30. Conclusion: Four Decisions, Two Dilemmas, and One Pandemic 327
31. Appendixes 333
32. References 353
33. Index 365
34. The Princeton Economic History of the Western World 379
35. A Note on the Type 383