Inflation Stabilization, Fiscal Deficits and Public Debt Management in Poland

Arbeitspapier

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.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Tinbergen Institute Discussion Paper ; No. 99-022/2

Classification and Topics

• Classification: Wirtschaft ; Comparative or Joint Analysis of Fiscal and Monetary Policy; Stabilization; Treasury Policy ; International Lending and Debt Problems ; Monetary Policy ; Demand for Money
• Subject: Fiscal deficits ; Public debt ; Money demand ; Seigniorage ; Inflationsbekämpfung ; Haushaltsdefizit ; Inflation ; Inflationssteuerung ; Öffentliche Schulden ; Schuldenerlass ; Schuldenmanagement ; Polen

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): van Wijnbergen, Sweder ; Budina, Nina
• Event: Veröffentlichung
• (who): Tinbergen Institute
• (where): Amsterdam and Rotterdam
• (when): 1999

Further information

• Handle: http://hdl.handle.net/10419/85452
• Last update: 10.03.2025, 11:44 AM CET