{"id":"https://openalex.org/W4238893597","doi":"https://doi.org/10.1257/jep.7.2.103","title":"Israel's Stabilization Program of 1985, Or Some Simple Truths of Monetary Theory","display_name":"Israel's Stabilization Program of 1985, Or Some Simple Truths of Monetary Theory","publication_year":1993,"publication_date":"1993-05-01","ids":{"openalex":"https://openalex.org/W4238893597","doi":"https://doi.org/10.1257/jep.7.2.103"},"language":"en","primary_location":{"id":"doi:10.1257/jep.7.2.103","doi":"https://doi.org/10.1257/jep.7.2.103","is_oa":false,"landing_page_url":"https://doi.org/10.1257/jep.7.2.103","pdf_url":null,"source":{"id":"https://openalex.org/S72880728","display_name":"The Journal of Economic Perspectives","issn_l":"0895-3309","issn":["0895-3309","1944-7965"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","jufo-2","norway-1","poland-200","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310315912","host_organization_name":"American Economic Association","host_organization_lineage":["https://openalex.org/P4310315912"],"host_organization_lineage_names":["American Economic Association"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Economic Perspectives","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5081126410","display_name":"Don Patinkin","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I197251160","display_name":"Hebrew University of Jerusalem","ror":"https://ror.org/03qxff017","country_code":"IL","type":"education","lineage":["https://openalex.org/I197251160"]}],"countries":["IL"],"is_corresponding":true,"raw_author_name":"Don Patinkin","raw_affiliation_strings":["Professor of Economics Emeritus, The Hebrew University of Jerusalem, Jerusalem, Israel"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Professor of Economics Emeritus, The Hebrew University of Jerusalem, Jerusalem, Israel","institution_ids":["https://openalex.org/I197251160"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5081126410"],"corresponding_institution_ids":["https://openalex.org/I197251160"],"apc_list":null,"apc_paid":null,"fwci":9.1308,"has_fulltext":false,"cited_by_count":57,"citation_normalized_percentile":{"value":0.97869159,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":98},"biblio":{"volume":"7","issue":"2","first_page":"103","last_page":"128"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9994999766349792,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9994999766349792,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11742","display_name":"Economic Theory and Policy","score":9.999999747378752e-05,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12137","display_name":"Economic theories and models","score":9.999999747378752e-05,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/hyperinflation","display_name":"hyperinflation","score":0.8489999771118164},{"id":"https://openalex.org/keywords/inflation-stabilization","display_name":"inflation stabilization","score":0.6759999990463257},{"id":"https://openalex.org/keywords/monetary-theory","display_name":"monetary theory","score":0.828000009059906},{"id":"https://openalex.org/keywords/wage-price-controls","display_name":"wage and price controls","score":0.8870000243186951},{"id":"https://openalex.org/keywords/social-contract","display_name":"social contract","score":0.925000011920929},{"id":"https://openalex.org/keywords/policy-credibility","display_name":"policy credibility","score":0.6399999856948853},{"id":"https://openalex.org/keywords/heterodox-economic-policy","display_name":"heterodox economic policy","score":0.6840000152587891},{"id":"https://openalex.org/keywords/monetary-policy","display_name":"monetary policy","score":0.5320000052452087},{"id":"https://openalex.org/keywords/fiscal-policy","display_name":"fiscal policy","score":0.8009999990463257}],"concepts":[{"id":"https://openalex.org/C2780224610","wikidata":"https://www.wikidata.org/wiki/Q1530061","display_name":"Credibility","level":2,"score":0.80619215965271},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.7695596814155579},{"id":"https://openalex.org/C200941418","wikidata":"https://www.wikidata.org/wiki/Q273508","display_name":"Inflation (cosmology)","level":2,"score":0.7479314208030701},{"id":"https://openalex.org/C2777388388","wikidata":"https://www.wikidata.org/wiki/Q6821213","display_name":"Wage","level":2,"score":0.5915541052818298},{"id":"https://openalex.org/C2779343474","wikidata":"https://www.wikidata.org/wiki/Q3109175","display_name":"Context (archaeology)","level":2,"score":0.5666787624359131},{"id":"https://openalex.org/C126285488","wikidata":"https://www.wikidata.org/wiki/Q178476","display_name":"Monetary policy","level":2,"score":0.5416936874389648},{"id":"https://openalex.org/C2780586882","wikidata":"https://www.wikidata.org/wiki/Q7520643","display_name":"Simple (philosophy)","level":2,"score":0.5170986652374268},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.436230331659317},{"id":"https://openalex.org/C165556158","wikidata":"https://www.wikidata.org/wiki/Q83937","display_name":"Keynesian economics","level":1,"score":0.43259212374687195},{"id":"https://openalex.org/C175025494","wikidata":"https://www.wikidata.org/wiki/Q179179","display_name":"Interest rate","level":2,"score":0.4142725169658661},{"id":"https://openalex.org/C94625758","wikidata":"https://www.wikidata.org/wiki/Q7163","display_name":"Politics","level":2,"score":0.4112175405025482},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.34074074029922485},{"id":"https://openalex.org/C145236788","wikidata":"https://www.wikidata.org/wiki/Q28161","display_name":"Labour economics","level":1,"score":0.18131455779075623},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.1350189745426178},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.08532097935676575},{"id":"https://openalex.org/C151730666","wikidata":"https://www.wikidata.org/wiki/Q7205","display_name":"Paleontology","level":1,"score":0.0},{"id":"https://openalex.org/C138885662","wikidata":"https://www.wikidata.org/wiki/Q5891","display_name":"Philosophy","level":0,"score":0.0},{"id":"https://openalex.org/C121332964","wikidata":"https://www.wikidata.org/wiki/Q413","display_name":"Physics","level":0,"score":0.0},{"id":"https://openalex.org/C33332235","wikidata":"https://www.wikidata.org/wiki/Q18362","display_name":"Theoretical physics","level":1,"score":0.0},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.0},{"id":"https://openalex.org/C111472728","wikidata":"https://www.wikidata.org/wiki/Q9471","display_name":"Epistemology","level":1,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.1257/jep.7.2.103","doi":"https://doi.org/10.1257/jep.7.2.103","is_oa":false,"landing_page_url":"https://doi.org/10.1257/jep.7.2.103","pdf_url":null,"source":{"id":"https://openalex.org/S72880728","display_name":"The Journal of Economic Perspectives","issn_l":"0895-3309","issn":["0895-3309","1944-7965"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","jufo-2","norway-1","poland-200","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310315912","host_organization_name":"American Economic Association","host_organization_lineage":["https://openalex.org/P4310315912"],"host_organization_lineage_names":["American Economic Association"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Economic Perspectives","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:aea:jecper:v:7:y:1993:i:2:p:103-28","doi":null,"is_oa":false,"landing_page_url":"http://www.aeaweb.org/articles.php?doi=10.1257/jep.7.2.103","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":null,"sustainable_development_goals":[{"id":"https://metadata.un.org/sdg/8","display_name":"Decent work and economic growth","score":0.48510000109672546}],"sustainable_development_goals_aurora":[{"id":"https://metadata.un.org/sdg/8","display_name":"Decent work and economic growth","score":0.7400000095367432}],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":0,"referenced_works":[],"related_works":["https://openalex.org/W3187542547","https://openalex.org/W7029194959","https://openalex.org/W2181665560","https://openalex.org/W2132143541","https://openalex.org/W1567519950","https://openalex.org/W1555909213","https://openalex.org/W2039546238","https://openalex.org/W2064839219","https://openalex.org/W1490988195","https://openalex.org/W2046186163"],"abstract_inverted_index":{"Within":[0],"a":[1,96,124],"period":[2],"of":[3,17,28,47,63,75,77,81,95,114,123],"two":[4],"months,":[5],"and":[6,13,49,52,108,116],"with":[7],"minimal":[8],"adverse":[9],"effects":[10],"on":[11],"employment":[12],"the":[14,18,25,78,86,93,121,141,146,150,154],"real":[15],"functioning":[16],"economy,":[19],"Israel's":[20],"1985":[21,155],"stabilization":[22],"program":[23,156],"reduced":[24],"annual":[26],"rate":[27],"inflation":[29],"from":[30],"close":[31],"to":[32,35,42,67,105,132,139,157],"500":[33],"percent":[34,39],"less":[36],"than":[37],"20":[38],"(corresponding,":[40],"respectively,":[41],"average":[43],"compounded":[44],"monthly":[45],"rates":[46],"16.1":[48],"1.5":[50],"percent)":[51],"has":[53],"maintained":[54],"that":[55,152],"situation":[56],"until":[57],"now":[58],"(1992).":[59],"The":[60],"major":[61],"purpose":[62,137],"this":[64,69,89],"paper":[65],"is":[66,138],"use":[68,113],"inflationary":[70,130],"experience":[71,90],"as":[72],"an":[73,129,133],"illustration":[74],"some":[76],"simple":[79],"truths":[80],"traditional":[82],"monetary":[83,107],"theory.":[84],"At":[85],"same":[87],"time,":[88],"also":[91],"illustrates":[92],"advantages":[94],"heterodox":[97],"policy":[98],"(that":[99],"is,":[100],"one":[101],"that,":[102],"in":[103,127],"addition":[104],"restrictive":[106],"fiscal":[109],"measures,":[110],"makes":[111],"temporary":[112],"wage":[115],"price":[117],"controls,":[118],"often":[119],"within":[120],"context":[122],"\"social":[125],"contract\")":[126],"bringing":[128],"process":[131],"end.":[134],"A":[135],"second":[136],"explain":[140],"unique":[142],"political":[143],"circumstances":[144],"that\u2014despite":[145],"aforementioned":[147],"earlier":[148],"failures\u2014created":[149],"credibility":[151],"enabled":[153],"succeed.":[158]},"counts_by_year":[{"year":2026,"cited_by_count":2},{"year":2025,"cited_by_count":2},{"year":2024,"cited_by_count":5},{"year":2023,"cited_by_count":4},{"year":2022,"cited_by_count":2},{"year":2021,"cited_by_count":3},{"year":2020,"cited_by_count":5},{"year":2019,"cited_by_count":1},{"year":2018,"cited_by_count":1},{"year":2014,"cited_by_count":1},{"year":2012,"cited_by_count":3}],"updated_date":"2026-10-12T09:40:04.860316","created_date":"2022-05-12T00:00:00"}
