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We investigate whether the Fiscal Theory of the Price Level (FTPL) can explain UK inflation in the 1970s. We confront …
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A lack of price stability exerts harmful effects on the economy not only through changes in the price level but also through increased price level uncertainty. This paper investigates whether fiscal policy may have an impact on price volatility or not? The study further evaluates the short- and...
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findings in favor of the fiscal theory of price level as opposed to the traditional monetarist doctrine. …
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