A Requiem for the Fiscal Theory of the Price Level /

The Fiscal Theory of the Price Level (FTPL) is the claim that, in a popular class of theoretical models, the price level is sometimes determined by fiscal policy rather than monetary policy. The models where this claim has been established assume that all decisions are made by an infinitely-lived re...

Повний опис

Бібліографічні деталі
Автор: Farmer, Roger
Інші автори: Zabczyk, Pawel
Формат: Журнал
Мова:English
Опубліковано: Washington, D.C. : International Monetary Fund, 2019.
Серія:IMF Working Papers; Working Paper ; No. 2019/219
Онлайн доступ:Full text available on IMF