Budina, Nina; Wijnbergen, Sweder Van - In: Journal of Economic Policy Reform 4 (2001) 3, pp. 165-194
Fiscal problems are widely recognized as a key factor behind persistent inflation in Eastern Europe post-1989. Deficits need to be cut back, but how much for a given inflation target? We develop a simple framework on debt, deficit and inflation to study the fiscal and monetary policy...