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Post-Stabilization Inflation in Poland (1992)

In: Tackling Inequality

Author

Listed:
  • O. Blanchard

Abstract

In January 1990, as part of its stabilization program, the Polish government fixed the zloty exchange rate and introduced an incomes policy based on partial indexation of wages to the price level. As of April 1991, the parity has held and the incomes policy is still at least nominally in place. But the price level now stands at 4.4 times its level at the inception of the program, and inflation is still running at close to 5 per cent a month.

Suggested Citation

  • O. Blanchard, 1999. "Post-Stabilization Inflation in Poland (1992)," Palgrave Macmillan Books, in: Tackling Inequality, chapter 23, pages 418-433, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-37528-4_23
    DOI: 10.1057/9780230375284_23
    as

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