@techreport{NBERw7668, title = "Understanding the Fiscal Theory of the Price Level", author = "Lawrence J. Christiano and Terry J. Fitzgerald", institution = "National Bureau of Economic Research", type = "Working Paper", series = "Working Paper Series", number = "7668", year = "2000", month = "April", URL = "http://www.nber.org/papers/w7668", abstract = {We review the fiscal theory of the price level. We place special emphasis on the theory's implications for the feasibility of price stability.}, }