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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

Abstract: 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)
New Economics Papers: this item is included in nep-dge
Date: 2000-04
Note: EFG
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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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