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Understanding the Fiscal Theory of the Price Level

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Author Info
Lawrence J. Christiano
Terry J. Fitzgerald

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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.

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Paper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 7668.

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Date of creation: Apr 2000
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Handle: RePEc:nbr:nberwo:7668

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Find related papers by JEL classification:
E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies

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    Other versions:
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