Understanding the Fiscal Theory of the Price Level
Lawrence Christiano () and
Terry Fitzgerald ()
No 7668, NBER Working Papers from National Bureau of Economic Research, Inc
We review the fiscal theory of the price level. We place special emphasis on the theory's implications for the feasibility of price stability.
JEL-codes: E5 E58 (search for similar items in EconPapers)
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Published as Christiano, Lawrence J. and Terry J. Fitzgerald. "Understanding The Fiscal Theory Of The Price Level," FRB Cleveland - Economic Review, 2000, v36(2,Qtr-2), 2-37.
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