Sunday, June 12, 2011

Israeli Hyperinflation

Israel's 1983 hyperinflation, from Sargent and Zeira (2011): Israel 1983: A bout of unpleasant monetarist arithmetic (click to enlarge).

1 comment:

  1. But then it looks like the currency got stronger, it seems like it became even stronger than 10-15 years before the hyperinflation... I've never seen such a graph.
    I guess they printed new money with different face value, therefore the sudden "drop of inflation" figures.