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Language: en
Pages: 585
Pages: 585
Type: BOOK - Published: 2023-01-17 - Publisher: Princeton University Press
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
Language: en
Pages: 584
Pages: 584
Type: BOOK - Published: 2023-01-17 - Publisher: Princeton University Press
"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
Language: en
Pages: 84
Pages: 84
Type: BOOK - Published: 1999 - Publisher:
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
Language: en
Pages: 34
Pages: 34
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
Language: en
Pages: 517
Pages: 517
Type: BOOK - Published: 2013-01-07 - Publisher: Harvard University Press
Robert Lucas is one of the outstanding monetary theorists of the past hundred years. Along with Knut Wicksell, Irving Fisher, John Maynard Keynes, James Tobin,