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Fiscal foundations of inflation : imperfect knowledge
Eusepi, Stefano; Preston, Bruce - 2013
This paper proposes a theory of the fiscal foundations of inflation based on imperfect knowledge and learning. The … theory is similar in spirit to, but distinct from, unpleasant monetarist arithmetic and the fiscal theory of the price level …
Persistent link: https://www.econbiz.de/10010202656
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Fiscal Foundations of Inflation : Imperfect Knowledge
Eusepi, Stefano - 2013
This paper proposes a theory of the fiscal foundations of inflation based on imperfect knowledge and learning. The … theory is similar in spirit to, but distinct from, unpleasant monetarist arithmetic and the fiscal theory of the price level …
Persistent link: https://www.econbiz.de/10013074021
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Fiscal Foundations of Inflation : Imperfect Knowledge
Eusepi, Stefano - 2017
This paper proposes a theory of the fiscal foundations of inflation based on imperfect knowledge and learning. Because …
Persistent link: https://www.econbiz.de/10012957323
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Fiscal foundations of inflation : imperfect knowledge
Eusepi, Stefano; Preston, Bruce - In: The American economic review 108 (2018) 9, pp. 2551-2589
Persistent link: https://www.econbiz.de/10011911142
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Local determinacy in incomplete-markets models
Hagedorn, Marcus - 2023
Persistent link: https://www.econbiz.de/10014431642
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The failed theory of the price level
Hagedorn, Marcus - 2024
The Fiscal Theory of the Price Level (FTPL) is a promise to obtain price level determinacy even if the nominal interest … incomplete markets models or the mechanics of the Fiscal Theory of the Price Level. …
Persistent link: https://www.econbiz.de/10014464269
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Nominal rigidities equilibria in a non-Ricardian economy
Kokonas, Nikolaos - In: Journal of mathematical economics 67 (2016), pp. 108-119
Persistent link: https://www.econbiz.de/10011666069
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Price level determinacy with an interest rate policy rule and rational expectations
McCallum, Bennett T. - 1980
Persistent link: https://www.econbiz.de/10009573663
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Determinacy and learnability of equilibrium in a small open economy with sticky wages and prices
Araujo, Eurilton - 2014
Persistent link: https://www.econbiz.de/10010471887
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On determinacy and learnability in a New Keynesian model with unemployment
Tesfaselassie, Mewael F.; Schaling, Eric - 2009
We analyze determinacy and stability under learning (E-stability) of rational expectations equilibria in the Blanchard and Galí (2006, 2008) New-Keynesian model of inflation and unemployment, where labor market frictions due to costs of hiring workers play an important role. We derive results...
Persistent link: https://www.econbiz.de/10003827166