Fiscal Theory of the Price Level (FTPL).The results show that a credibly fixed exchange rate is inconsistent with fiscal …

With the fiscal theory of the price level (FTPL), Leeper-Sims-Woodford (LSW) argued that the government budget …

the Fiscal Theory of the Price Level (FTPL). The results show that a credibly fixed exchange rate is inconsistent with …

I examine the "fiscal theory of the price level" according to which "non-Ricardian" policy and predetermined nominal … government defaults or runs an exogenous real primary surplus sequence. I propose an alternative to the fiscal theory of the … price level, based on nominal flows instead of nominal stocks. While this alternative framework establishes a consistent …

them within the conceptual framework of the Fiscal Theory of the Price level. …

According to the fiscal theory of the price level (FTPL), the interactions between monetary and fiscal policies with …

policy is not one of them. The debate is stirred largely by the new fiscal theory of the price level, which not only …

We investigate whether the Fiscal Theory of the Price Level can deliver a reasonable explanation for UK inflation in …

This article presents a survey of the Fiscal Theory of the Price Level. According to it, there are two stable regimes …