Understanding the Fiscal Theory of the Price Level
Lawrence J. Christiano, Terry J. Fitzgerald
NBER Working Paper No. 7668
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.