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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
Language:English
en_US
Published: World Bank, Washington, DC 2015
Subjects:
AGRICULTURE
ASSETS
BANK DEPOSITS
BANK LOANS
BASE YEAR
BENCHMARK
BUDGET CONSTRAINT
BUDGET DEFICITS
CAPITAL GAINS
CENTRAL BANK
CENTRAL BANK BALANCE SHEETS
CENTRAL BANKS
COMMERCIAL BANKS
CORPORATE TAXES
CPI
CURRENCY CRISES
CURRENT ACCOUNT
DEBT ACCUMULATION
DEBT FINANCING
DEBT MANAGEMENT
DEBT SERVICING
DEBT SERVICING COSTS
DEFICIT REDUCTION
DEMAND DEPOSITS
DOMESTIC INTEREST RATES
DOMESTIC PRICE
DOMESTIC PRICE LEVEL
ECONOMETRICS
ECONOMIC ACTIVITY
ECONOMIC GROWTH
ECONOMIC SECTORS
ECONOMIC STRUCTURE
ECONOMIC STRUCTURES
ELASTICITIES
EQUILIBRIUM
EVASION
EXCHANGE RATE
EXCHANGE RATE CRISES
EXCHANGE RATE DEPRECIATION
EXCHANGE RATE DEVALUATION
EXCHANGE RATE PEG
EXCHANGE RATE POLICIES
EXCHANGE RATE POLICY
EXTERNAL DEBT
FINANCIAL ASSETS
FINANCIAL SECTOR
FINANCIAL STRUCTURE
FISCAL ADJUSTMENT
FISCAL CRISES
FISCAL DEFICIT
FISCAL DEFICITS
FISCAL POLICIES
FISCAL POLICY
FISCAL SUSTAINABILITY
FORECASTS
FOREIGN BORROWING
FOREIGN CURRENCY
FOREIGN EXCHANGE
FOREIGN EXCHANGE RESERVES
FOREIGN INFLATION
GOVERNMENT BALANCE
GOVERNMENT BUDGET
GOVERNMENT BUDGET DEFICIT
GOVERNMENT EXPENDITURES
GROWTH RATE
GROWTH RATES
INDIRECT INSTRUMENTS
INFLATION RATE
INFLATION RATES
INFLATION STABILIZATION
INFLATION TAX
INTEREST RATES
INTERNATIONAL TRADE
LAFFER CURVE
LIQUIDITY
LOCAL GOVERNMENTS
Online Access:http://documents.worldbank.org/curated/en/2000/03/437890/fiscal-deficits-monetary-reform-inflation-stabilization-romania
http://hdl.handle.net/10986/22360

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