A Requiem For The Fiscal Theory Of The Price Level
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Language: en
Pages: 34
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Type: BOOK - Published: 2019-10-11 - Publisher: International Monetary Fund
The Fiscal Theory of the Price Level (FTPL) is the claim that, in a popular class of theoretical models, the price level is sometimes determined by fiscal polic
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We demonstrate that the Fiscal Theory of the Price Level (FTPL) cannot be used to determine the price level uniquely in the overlapping generations (OLG) model.
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In a series of in-depth interviews with leading economists and policy-makers from different schools including Austrian, Monetarist, New-Keynesian, Post-Keynesia
