The government stabilization programme and inflationary expectations in a society

Jan K. Solarz

Scandinavian Journal of Management, 1992, vol. 8, issue 3, 167-174

Abstract: In Poland the shock stabilization programme supported by the IMF encountered a social barrier in the shape of opposition to the government anti-inflationary policies. The author seeks to indicate factors impeding the effectiveness of the restrictive macroeconomic policy when the social system is undergoing sudden transformation. These factors are associated with the market infrastructure which makes it impossible to introduce a general income tax, and in the instrumental approach to the smooth functioning of households. The article aims to explain the sources of the high inflationary expectations in the Republic of Poland on a basis of random public opinion surveys.

Keywords: Inflation; political; inflationary; cycle; IMF; stabilization; programme (search for similar items in EconPapers)
Date: 1992
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