Showing 1 - 3 of 3
Persistent link: https://www.econbiz.de/10009230466
Persistent link: https://www.econbiz.de/10013434629
With the fiscal theory of the price level (FTPL), Leeper-Sims-Woodford (LSW) argued that the government budget constraint plays a key role in determining the price level. Indeed, there could even be a dispute vis-à-vis the role of monetary policy in the formation of the price level. Apart from...
Persistent link: https://www.econbiz.de/10005086455