Détermination du niveau des prix et finances publiques: le cas du Liban, 1965 – 2005

Hassan Ayoub, Jerome Creel () and Etienne Farvaque ()

Revue d’économie du développement, 2008, vol. 22, issue 3, pages 115-141

Abstract: The fiscal theory of the price level makes a distinction between two kinds of policy-making regimes : a Ricardian and a non-Ricardian one. We analyse here the conditions under which these regimes can apply to different periods, some of them being troubled periods, in a given economy. The case of Lebanon, which has successively gone through periods of prosperity, war and reconstruction, offers a case study for the fiscal theory of the price level, and shows its empirical relevance.

Keywords: general price level; inflation; monetary and fiscal policies; public debt; nominal anchor; war economy (search for similar items in EconPapers)
Date: 2008
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Working Paper: Détermination du niveau des prix et finances publiques: le cas du Liban, 1965-2005 (2008)
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