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The fiscal theory of the price level Author info | Abstract | Publisher info | Download info | Related research | Statistics Charles T. Carlstrom
Timothy S. Fuerst
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A traditional function of the central bank is to control the price level. The fiscal theory of the price level challenges this assumption, arguing instead that the fiscal authority's budgetary policy is the primary determinant of the price level. The authors provide a critical review of the fiscal theory and its implications for monetary policy.
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Article provided by Federal Reserve Bank of Cleveland in its journal Economic Review .
Volume (Year): (2000)
Issue (Month): Q I ()
Pages: 22-32
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Handle: RePEc:fip:fedcer:y:2000:i:qi:p:22-32Contact details of provider: Postal: 1455 East 6th St., Cleveland OH 44114 Phone: 216.579.2000 Web page: http://www.clevelandfed.org/ More information through EDIRC
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Keywords: Banks and banking ; Central ; Fiscal policy ; Monetary policy ; Cited by : (explanations , Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.)
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