NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Understanding the Fiscal Theory of the Price Level

Lawrence J. Christiano, Terry J. Fitzgerald

NBER Working Paper No. 7668
Issued in April 2000
NBER Program(s):   EFG

We review the fiscal theory of the price level. We place special emphasis on the theory's implications for the feasibility of price stability.

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Document Object Identifier (DOI): 10.3386/w7668

Published: Christiano, Lawrence J. and Terry J. Fitzgerald. "Understanding The Fiscal Theory Of The Price Level," FRB Cleveland - Economic Review, 2000, v36(2,Qtr-2), 2-37. citation courtesy of

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