Fiscal Deficits, Monetary Reform, and Inflation Stabilization in Romania

Unsustainable fiscal deficits were the chief reason for the inflation that has persisted in Eastern Europe since 1989. Deficits need to be cut back, but by how much for a given inflation target? The authors develop a simple framework for debt, the...

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Bibliographic Details
Main Authors: Budina, Nina, van Wijnbergen, Sweder
Format: Working Paper
Language:English
en_US
Published: World Bank, Washington, DC 2015
Subjects:
Online Access:http://documents.worldbank.org/curated/en/2000/03/437890/fiscal-deficits-monetary-reform-inflation-stabilization-romania
http://hdl.handle.net/10986/22360