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The Initial Welfare Consequences of Price Liberalization and Stabilization in Poland

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The Economics of Transformation

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Abstract

Polish consumer welfare apparently decreased dramatically after a major stabilization and reform program was initiated in January 1990. The statisticallymeasured real wage fell by almost 20% in 1990. Estimates of the drop in real private consumption change range from 5% to 16%. Recent stabilization and reform initiatives in Russia have also resulted in a sharp fall in real income and consumption.

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Authors
  1. Bryan W. Roberts
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Editor information

Editors and Affiliations

  1. Department of Economics, Harvard University, 02138, Cambridge, Massachusetts, USA

    Alfred Schipke (Visiting Fellow) (Visiting Fellow)

  2. International Monetary Fund, 20431, Washington, D.C., USA

    Alfred Schipke (Visiting Fellow) (Visiting Fellow)

  3. Harvard Academy for International and Area Studies, Harvard University, 02138, Cambridge, Massachusetts, USA

    Alan M. Taylor (Academy Scholar) (Academy Scholar)

  4. Department of Economics, Northwestern University, 60208-2600, Evanston, Illinois, USA

    Alan M. Taylor (Academy Scholar) (Academy Scholar)

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© 1994 Springer-Verlag Berlin · Heidelberg

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Roberts, B.W. (1994). The Initial Welfare Consequences of Price Liberalization and Stabilization in Poland. In: Schipke, A., Taylor, A.M. (eds) The Economics of Transformation. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-78615-0_4

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  • DOI: https://doi.org/10.1007/978-3-642-78615-0_4

  • Publisher Name: Springer, Berlin, Heidelberg

  • Print ISBN: 978-3-642-78617-4

  • Online ISBN: 978-3-642-78615-0

  • eBook Packages: Springer Book Archive

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