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...

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Bibliographic Details
Main Author: Farmer, Roger E. A.
Other Authors: Zabczyk, Pawel
Format: eBook
Language:English
Published: [Washington, D.C.] International Monetary Fund, [2019]
Series:IMF working paper ; WP/19/219.
Subjects:
Online Access:EBSCOhost
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