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Recent research has highlighted the role that the government budget constraint plays in determining the consumer price level. According to the fiscal approach to price determination, prices adjust so that the discounted value of future real government primary surpluses equals the current real...
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Recent research has highlighted the role that the government budget constraint plays in determining the consumer price level. According to the fiscal approach to price determination, prices adjust so that the discounted value of future real government primary surpluses equals the current real...
Persistent link: https://www.econbiz.de/10005142004
Persistent link: https://www.econbiz.de/10005073403
Persistent link: https://www.econbiz.de/10007692735
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