01800cas a2200253 a 4500 AALejournalIMF001359 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451858945 1018-5941 BD-DhAAL BD-DhAAL Orsmond, David. Israeli Inflation From An International Perspective / David Orsmond, Stanley Fischer. Washington, D.C. : International Monetary Fund, 2000. 1 online resource (45 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Israel's post-stabilization experience of moderate inflation and eventual disinflation is compared with experiences in other countries. Lessons that emerge from an examination of international experiences indicate the importance of establishing early on credibility in the nominal anchor and a commitment to persevere with disinflation policies, achieving and maintaining a tight fiscal position, measures to reduce nominal rigidities, and widespread structural reform. Israel falls short on several criteria which explains why taming inflation in the post-stabilization period has been difficult. The paper concludes with a consideration of institutional arrangements that could sustain the current low inflation levels. Mode of access: Internet Fischer, Stanley. IMF Working Papers; Working Paper ; No. 2000/178 Full text available on IMF http://elibrary.imf.org/view/journals/001/2000/178/001.2000.issue-178-en.xml IMF e-Library