Inflation Stabilization, Fiscal Deficits and Public Debt Management in Poland

Sweder van Wijnbergen and Nina Budina

No 99-022/2, Tinbergen Institute Discussion Papers from Tinbergen Institute

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.

Keywords: Fiscal deficits; Public debt; Money demand; Seigniorage (search for similar items in EconPapers)
JEL-codes: E41 E52 E63 F34 (search for similar items in EconPapers)
Date: 1999-03-19
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Journal Article: Inflation Stabilization, Fiscal Deficits, and Public Debt Management in Poland (2001)
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Persistent link: https://EconPapers.repec.org/RePEc:tin:wpaper:19990022

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