Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/85452
Authors: 
van Wijnbergen, Sweder
Budina, Nina
Year of Publication: 
1999
Series/Report no.: 
Tinbergen Institute Discussion Paper 99-022/2
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.
Subjects: 
Fiscal deficits
Public debt
Money demand
Seigniorage
JEL: 
E63
F34
E52
E41
Document Type: 
Working Paper

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