The authors compare the implementation of two apparently similar stabilization programs by two reforming socialist countries, launched two weeks apart (Dec. 1989 in Yugoslavia and Jan. 1990 in Poland). They investigate possible differences underlying the apparently similar programs that may account for better initial performance of Yugoslavia's program (a sharper reduction of inflation with smaller losses in output). The authors identify significant...
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INFORMATION
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1991/07/31
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Document de travail de recherche sur les politiques
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WPS732
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1
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1
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2010/07/01
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Stabilization programs in Eastern Europe : a comparative analysis of the Polish and Yugoslav programs of 1990
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inflation
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