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The fallacy of the fiscal theory of the price level - one last time

Buiter, Willem H.; Sibert, Anne C. - 2017

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

The fallacy of the fiscal theory of the price level - one last time

Buiter, Willem H.; Sibert, Anne C. - 2017

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

The fallacy of the fiscal theory of the price level: One last time

Buiter, Willem H.; Sibert, Anne C. - In: Economics: The Open-Access, Open-Assessment E-Journal 12 (2018) 2018-48, pp. 1-56

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

The Fallacy of the Fiscal Theory of the Price Level, Again

Buiter, Willem H. - 2002

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 Fallacy of the Fiscal Theory of the Price Level, Again

Buiter, Willem H. - 2021

The Fiscal Theory of the Price Level (FTPL) rejects the fundamental 'Ricardian' proposition, that the government budget …

Persistent link: https://www.econbiz.de/10013321192

Government debt and inflation : a cross-country investigation of the fiscal theory of the price level

Weber, Philipp; Feld, Lars P. - 2025

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

A Note Concerning Government Bond Yields

Akram, Tanweer - 2020

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 fallacy of the fiscal theory of the price level, Again

Buiter, Willem H. - 2000

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 dynamics of balanced expansion in monetary economies with sovereign debt

Böhm, Volker - 2018 - Version: September 26, 2018

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

Can growth stabilize debt? : a fiscal theory perspective

Schmöller, Michaela; McClung, Nigel - 2024 - Updated 14 June 2024

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