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The fiscal theory of the price level (FTPL) solves puzzles raised by standard monetary theories. FTPL is forward looking and dynamic, and investors can use it to calculate the value of “money” through discounted free cash flow analysis
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important aspects of monetary theory, including inflation targeting, government spending, and international trade, as well as …
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fixed capital formation nexus: Effects of the interest rate and monetary policy credibility channels -- Chapter 7 Inflation … rates -- Chapter 13 What are the effects of budget deficit regimes on inflation and inflation expectations? -- Part 3 … uncertainty and the employment dynamics in South Africa under the inflation targeting regime -- Chapter 18 Economic policy …
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view of inflation. Second, we discuss how the recent inflationary episode has contributed to redistributing real resources …
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