TY - JOUR AU - Christiano,Lawrence J. AU - Fitzgerald,Terry J. TI - Understanding the Fiscal Theory of the Price Level JF - National Bureau of Economic Research Working Paper Series VL - No. 7668 PY - 2000 Y2 - April 2000 UR - http://www.nber.org/papers/w7668 L1 - http://www.nber.org/papers/w7668.pdf N1 - Author contact info: Lawrence Christiano Department of Economics Northwestern University 2001 Sheridan Road Evanston, IL 60208 Tel: 847/491-8231 Fax: 847/491-7001 E-Mail: l-christiano@northwestern.edu AB - We review the fiscal theory of the price level. We place special emphasis on the theory's implications for the feasibility of price stability. ER -