Showing 1 - 10 of 10
Persistent link: https://www.econbiz.de/10014431642
The Fiscal Theory of the Price Level (FTPL) is a promise to obtain price level determinacy even if the nominal interest rate is constant. The idea is that a unique current price level ensures that the present value government budget constraint holds. I establish that this idea hinges on the...
Persistent link: https://www.econbiz.de/10014464269
Persistent link: https://www.econbiz.de/10012613410
Persistent link: https://www.econbiz.de/10012122977
Persistent link: https://www.econbiz.de/10012216060
Persistent link: https://www.econbiz.de/10013491541
Persistent link: https://www.econbiz.de/10012230161
Persistent link: https://www.econbiz.de/10012520034
Persistent link: https://www.econbiz.de/10012586182
Persistent link: https://www.econbiz.de/10012627088