Who Controls the Price Level?

Oya Erdogdu ()

Macroeconomics from University Library of Munich, Germany

Abstract: Under the guidance of different theories and the problem of dominance and activeness, this study gives a survey of the rapidly growing literature on Fiscal Theory of Price Level, which opens up new horizons in a non–Ricardian world and questions the effectiveness of monetary policy on price level determination.

Keywords: inflation; FTPL; non-Ricardian (search for similar items in EconPapers)
JEL-codes: E31 (search for similar items in EconPapers)
Pages: 21 pages
Date: 2003-04-28
New Economics Papers: this item is included in nep-mac
Note: Type of Document - MSWord/PDF; prepared on PC; to print on any printer; pages: 21 ; figures: included
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Persistent link: https://EconPapers.repec.org/RePEc:wpa:wuwpma:0304011

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