Read online: The Fiscal Theory of the Price Level by John Cochrane, John Cochrane

The Fiscal Theory of the Price Level by John Cochrane, John Cochrane

• The Fiscal Theory of the Price Level
• John Cochrane, John Cochrane
• Page: 584
• Format: pdf, ePub, mobi, fb2
• ISBN: 9780691242248
• Publisher: Princeton University Press

The Fiscal Theory of the Price Level

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Fiscal theory of the price level draft - The Grumpy Economist "If the present value of surpluses falls, the price level can rise to bring the real value of debt in line, just as a stock price falls to bring  The Fiscal Theory of the Price Level | Princeton University Press Indeterminacy, Bubbles, and the Fiscal Theory of Price Level The recently-developed fiscal theory of price level determination contends that there is an important class of policy rules in which there  4 - The Fallacy of the Fiscal Theory of the Price Level Chapter 4 reviews how not to use the intertemporal budget constraint (IBC) of the State. It analyses why the fiscal theory of the price level (FTPL) is  The Fiscal Theory of the Price Level with a Bubble - CESifo This paper incorporates a bubble term in the standard Fiscal Theory of the Price Level equation to explain why countries with persistently negative primary  Indeterminacy, bubbles, and the fiscal theory of price level The recently developed fiscal theory of price level determination contends that there is an important class of policy rules in which there exists a unique 

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