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The Fiscal Theory of the Price Level
Language: en
Pages: 585
Authors: John H. Cochrane
Categories: Business & Economics
Type: BOOK - Published: 2023-01-17 - Publisher: Princeton University Press

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A comprehensive account of how government deficits and debt drive inflation Where do inflation and deflation ultimately come from? The fiscal theory of the pric
The Fiscal Theory of the Price Level
Language: en
Pages: 584
Authors: John H. Cochrane
Categories: Business & Economics
Type: BOOK - Published: 2023-01-17 - Publisher: Princeton University Press

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"Inflation, in which all prices and wages in an economy rise, is mysterious. If a war breaks out in the Middle East, and the price of oil goes up, the mechanism
The Fallacy of the Fiscal Theory of the Price Level
Language: en
Pages: 84
Authors: Willem H. Buiter
Categories: Budget
Type: BOOK - Published: 1999 - Publisher:

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It is not common for an entire scholarly literature to be based on a fallacy, that is, 'on faulty reasoning; misleading or unsound argument'. The 'fiscal theory
Interest and Prices
Language: en
Pages: 805
Authors: Michael Woodford
Categories: Business & Economics
Type: BOOK - Published: 2011-12-12 - Publisher: Princeton University Press

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With the collapse of the Bretton Woods system, any pretense of a connection of the world's currencies to any real commodity has been abandoned. Yet since the 19
A Requiem for the Fiscal Theory of the Price Level
Language: en
Pages: 34
Authors: Mr.Roger Farmer
Categories: Business & Economics
Type: BOOK - Published: 2019-10-11 - Publisher: International Monetary Fund

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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