The Fiscal Theory of the Price Level by John Cochrane on Ipad
The Fiscal Theory of the Price Level. John Cochrane
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ISBN: 9780691242248 | 584 pages | 15 Mb
- The Fiscal Theory of the Price Level
- John Cochrane
- Page: 584
- Format: pdf, ePub, fb2, mobi
- ISBN: 9780691242248
- Publisher: Princeton University Press
Ebooks epub download rapidshare The Fiscal Theory of the Price Level 9780691242248
A Game-Theoretic View of the Fiscal Theory of the Price - jstor KEYWORDS: Fiscal theory of the price level, policy rule, government strategy, equilib- rium determinacy, commitment, intertemporal budget constraint. The fiscal theory of the price level in a world of low interest rates A central equation for the fiscal theory of the price level (FTPL) is the government budget constraint (or “government valuation equation”), which equates The Fiscal Theory of the Price Level with a Bubble - CESifo This paper incorporates a bubble term in the standard Fiscal Theory of the Price Level equation to explain why countries with persistently negative primary The Fiscal Theory of the Price Level - De Gruyter Where do inflation and deflation ultimately come from? The fiscal theory of the price level offers a simple answer: Prices adjust so that the A Fiscal Theory of Monetary Policy with Partially-Repaid Long I construct a simple model with sticky prices and interest rate targets, closed by fiscal theory of the price level with long-term debt and THE FISCAL THEORY OF THE PRICE LEVEL PUZZLE moving to non-Ricardian models, we see that price determinacy is consistent with reasonable fiscal policies. Keywords: Fiscal Theory of the Price Level, The fiscal theory of the price level in a world of low interest rates A central equation for the fiscal theory of the price level (FTPL) is the government budget constraint (or “government valuation equation”), which equates The Fiscal Theory of Inflation - The Grumpy Economist We often summarize that the fiscal theory is a theory of the price level: The price level adjusts so that the real value of government debt Long-term Debt and Optimal Policy in the Fiscal Theory of the The fiscal theory says that the price level is determined by the ratio of nominal debt to the present value of real primary surpluses. The Fiscal Theory of the Price Level - Amazon.com The fiscal theory of the price level offers a simple answer: Prices adjust so that the real value of government debt equals the present value of taxes less Puzzles of Inflation, Money, and Debt: Applying the Fiscal The fiscal theory of the price level (FTPL) solves puzzles raised by standard monetary theories. FTPL is forward looking and dynamic,
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