1985 Israel Economic Stabilization Plan

Economic Stabilization Plan1985 Economic Stabilization Planan economic stabilization planEconomic Stabilization Plan (Israel 1985)economic stabilization plan implemented in 1985economic stabilization plan of 1985economic stabilization programemergency control of pricesIsrael's economic stabilization program in 1985Israeli economic stabilization program of 1985
The Economic Stabilization Plan was implemented in Israel in 1985 in response to the dire domestic economic situation of the early 1980s.wikipedia
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Economy of Israel

Israeli economyeconomyIsrael's economy
See Economy of Israel: History.
However, the successful economic stabilization plan implemented in 1985 and the subsequent introduction of market-oriented structural reforms reinvigorated the economy and paved the way for its rapid growth in the 1990s and became a model for other countries facing similar economic crises.

Yitzhak Moda'i

Yitzhak ModaiYitzhak Moday
In 1985 he and Prime Minister Shimon Peres devised the economic stabilization plan that managed to curtail Israel's hyperinflation of the early 1980s.

Michael Bruno

BrunoMichael Peter Bruno
He is well remembered as the economist who pioneered the 1985 stabilisation plan, which succeeded in bringing Israel's annual rate of inflation down from 450% and rising to under 20% in the course of two years.

1983 Israel bank stock crisis

bank stock crisisBank stock crisis (Israel 1983)financial crisis
Then, in 1983, Israel suffered what was known as "the bank stock crisis".
*1985 Israel Economic Stabilization Plan

Old Israeli shekel

shekelold shekelsheqel
The new Israeli shekel replaced the shekel following its hyperinflation and the enactment of the economic stabilization plan of 1985 which brought inflation under control.

Israel

State of IsraelIsraeliISR
The Economic Stabilization Plan was implemented in Israel in 1985 in response to the dire domestic economic situation of the early 1980s.

Yom Kippur War

October War1973 Arab-Israeli War1973 Arab–Israeli War
The years after the 1973 Yom Kippur War were a lost decade economically, as growth stalled, inflation soared and government expenditures rose significantly.

Inflation

inflation rateprice inflationfood inflation
The years after the 1973 Yom Kippur War were a lost decade economically, as growth stalled, inflation soared and government expenditures rose significantly.

Disinflation

decreaseddisinflationary scenarioinflation decline

Bank of Israel

Central Bank of IsraelDavid HorowitzMoshe Mandelbaum

Market economy

market economiesfree market economymarket
These steps, coupled with the subsequent introduction of market-oriented structural reforms successfully reinvigorated the economy, paving the way for its rapid growth in the 1990s.

Histadrut

General Federation of Labour in IsraelGeneral Organization of Workers in IsraelHevrat HaOvdim

Israel's Anti-Concentration Law

Anti-Concentration Committeeanti-concentration lawThe Anti-Concentration Law
The Anti-Concentration Law is arguably the broadest-reaching economic policy measure taken by an Israeli government since the 1985 Israel Economic Stabilization Plan, which helped the country fight hyperinflation.

Standard of living in Israel

higher standard of livingstandard of living
This continued into the 1980s; the Israeli economy was in a dire situation following a financial crisis in 1983, and was saved by the 1985 economic stabilization plan which saw market-oriented reforms to Israel's economy, which had previously been heavily regulated.

Kibbutz crisis

acute economic crisiscrisissevere economic crisis
The crisis began in the early 1980s and intensified after the Israeli economic stabilization program of 1985 during which the inflation stopped, and was characterized by the accumulating of large debts from the kibbutzim and in low return.

Israeli new shekel

NISshekels
After inflation was contained as a result of the 1985 Economic Stabilization Plan, the new shekel was introduced, replacing the old shekel on 1 January 1986 at a rate of IS 1,000 to ₪1.