Template-Type: ReDIF-Paper 1.0
Series: Tinbergen Institute Discussion Papers
Creation-Date: 1999-03-19
Number: 99-022/2
Author-Name: Sweder van Wijnbergen
Author-Email: s.j.g.vanwijnbergen@uva.nl
Author-Workplace-Name: University of Amsterdam, CEPR
Author-Name: Nina Budina
Author-Workplace-Name: University of Amsterdam
Title: Inflation Stabilization, Fiscal Deficits and Public Debt Management in Poland
Abstract: Poland edged towards hyperinflation towards the latter half of 1989,but inflation fell dramatically after drastic reformswere enacted in January of 1990. We analyse the consistency betweenfiscal deficits and inflation targets and assessPoland's domestic and foreign debt management policies and the impactof the Brady debt reduction agreement on therelationship between fiscal deficits and inflation. We also assessthe impact of financial sector measures on seignioragerevenue and the sustainability of the low inflation strategy. Suchpolicies are shown to have a direct impact on thesustainability of inflation targets.
Classification-JEL: E63; F34; E52; E41
Keywords: Fiscal deficits; Public debt; Money demand; Seigniorage
File-Url: https://papers.tinbergen.nl/99022.pdf
File-Format: application/pdf
File-Size: 158000 bytes
Handle: RePEc:tin:wpaper:19990022