The article shows the possibility for implementing the Logit method as an alternative approach, which allows avoiding a great part of the difficulties connected with the construction and estimation of the models with rational expectations. The idea is to use the Logit method for estimating...

The purpose of the paper is to highlight the key characteristics of the Fiscal Theory for the Cost Level (FTCL) and to compare them to the postulates of the monetarism. Comparative analysis confirms the thesis that only the versions of this theory in which the trajectory of the cost level...