Understanding the Fiscal Theory of the Price Level
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 Versions
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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