Understanding the Fiscal Theory of the Price Level
(815 K)
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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.
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.
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