01577cas a2200241 a 4500 AALejournalIMF002718 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451849103 1018-5941 BD-DhAAL BD-DhAAL Lane, Timothy. Inflation Stabilization and Economic Transformation in Poland : The First Year / Timothy Lane. Washington, D.C. : International Monetary Fund, 1991. 1 online resource (62 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper reviews the experience of 1990, the first year of Poland's program of stabilization and reform. The background is described, including previous reform efforts and the crisis of the late 1980s. Then the various elements of the program are discussed, including fiscal adjustment, wage controls, the possibility of an initial liquidity overhang, the exchange rate anchor, and structural reforms. The initial results of the program are assessed, and alternative explanations of the decline in output are considered. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1991/070 Full text available on IMF http://elibrary.imf.org/view/journals/001/1991/070/001.1991.issue-070-en.xml IMF e-Library