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...
Main Authors: | , |
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Format: | Working Paper |
Language: | English en_US |
Published: |
World Bank, Washington, DC
2015
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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 |