IDEAS home Printed from
MyIDEAS: Log in (now much improved!) to save this article

A Survey on Issues of the FTPL(Fiscal theory of Price Level) (in Japanese)

Listed author(s):
  • Masaaki Kawagoe
  • Noriki Hirose
Registered author(s):

    This paper surveys and examines theory, empirical evidence and policy implications of FTPL. FTPL's argument that government budget constraint determines price level is vulnerable to changes in assumptions. Moreover, empirically, it is unclear whether Non-Ricardian type fiscal policy, which is a critical assumption of the argument, is actually adopted. This paper casts a doubt on validity of FTPL's policy implications by arguing that the current Japanese macro policies are, in fact, consistent with prescriptions given by FTPL.

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

    File URL:
    Download Restriction: no

    Article provided by Economic and Social Research Institute (ESRI) in its journal Economic Analysis.

    Volume (Year): 171 (2003)
    Issue (Month): (December)
    Pages: 142-184

    in new window

    Handle: RePEc:esj:esriea:171g
    Contact details of provider: Postal:
    1-6-1 Nagata-cho, Chiyoda-ku, Tokyo 100-8914

    Web page:

    More information through EDIRC

    No references listed on IDEAS
    You can help add them by filling out this form.

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    When requesting a correction, please mention this item's handle: RePEc:esj:esriea:171g. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (KAWAMOTO Takuma)

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.