Understanding the fiscal theory of the price level

Price stability is an important goal of public policy. To reach this goal, two key questions must be addressed: How can price stability be achieved? And, how much price stability is desirable? The authors review the fiscal theory of the price level, with special emphasis on its implications for the feasibility and desirability of price stability.

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Year of publication:	2000
Authors:	Christiano, Lawrence J. ; Fitzgerald, Terry J.
Published in:	Economic Review. - Federal Reserve Bank of Cleveland. - 2000, Q II, p. 2-38
Publisher:	Federal Reserve Bank of Cleveland
Subject:	Fiscal policy \| Monetary policy

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Extent:	application/pdf
Type of publication:	Article
Language:	English
Source:	RePEc - Research Papers in Economics

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