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There have been attempts to resurrect the fiscal theory of the price revel (FTPL). The original FTPL rests on a …
Persistent link: https://www.econbiz.de/10011731847
There have been attempts to resurrect the fiscal theory of the price revel (FTPL). The original FTPL rests on a …
Persistent link: https://www.econbiz.de/10011732317
There have been attempts to resurrect the fiscal theory of the price revel (FTPL). The original FTPL rests on a …
Persistent link: https://www.econbiz.de/10011884250
This paper argues that the 'fiscal theory of the price level' (FTPL) is fallacious. The source of the fallacy is an … constraint theory of the price level', which is perhaps more readily recognised as a nonsense …
Persistent link: https://www.econbiz.de/10014125878
The Fiscal Theory of the Price Level (FTPL) rejects the fundamental 'Ricardian' proposition, that the government budget …
Persistent link: https://www.econbiz.de/10013321192
attention for the Fiscal Theory of the Price Level (FTPL). This theoretical framework for fiscally induced inflation is well …
Persistent link: https://www.econbiz.de/10015374640
This paper relates Keynes’s discussions of money, the state theory of money, financial markets, investors’ expectations … empirical studies not only vindicate the Keynesian perspective but also have relevance for macroeconomic theory and policy …
Persistent link: https://www.econbiz.de/10014352059
The Fiscal Theory of the Price Level (FTPL) rejects the fundamental 'Ricardian' proposition, that the government budget …
Persistent link: https://www.econbiz.de/10009781580
The paper examines the role of fiscal and monetary policy on the dynamics of monetary expansion in a macroeconomy. Its microeconomic structure defined by producers with neoclassical production functions, heterogeneous OLG consumers, and a stationary fiscal and monetary policy induces a...
Persistent link: https://www.econbiz.de/10011903801
This paper studies price stability and debt sustainability when the real rate exceeds trend growth (r g) in a New Keynesian model with endogenous technology growth through R&D. Endogenous growth constitutes a self-financing mechanism for deficits which backs debt and attenuates fiscal...
Persistent link: https://www.econbiz.de/10015130300