The Fiscal Theory of the Price Level (FTPL) rejects the fundamental 'Ricardian' proposition, that the government budget …

There have been attempts to resurrect the fiscal theory of the price revel (FTPL). The original FTPL rests on a …

The Fiscal Theory of the Price Level (FTPL) rejects the fundamental 'Ricardian' proposition, that the government budget …

or unsound argument'. The 'fiscal theory of the price level', recently re-developed by Woodford, Cochrane, Sims and … proponents of the fiscal theory of the price level do not accept the fundamental proposition that the government's intertemporal …. Policy conclusions could be drawn from the fiscal theory of the price level that would be harmful if they influenced the …

There have been attempts to resurrect the fiscal theory of the price revel (FTPL). The original FTPL rests on a …

This paper argues that the 'fiscal theory of the price level' (FTPL) is fallacious. The source of the fallacy is an … constraint theory of the price level', which is perhaps more readily recognised as a nonsense …