Showing 1 - 10 of 224,258
There have been attempts to resurrect the fiscal theory of the price revel (FTPL). The original FTPL rests on a …
Persistent link: https://www.econbiz.de/10011731847
There have been attempts to resurrect the fiscal theory of the price revel (FTPL). The original FTPL rests on a …
Persistent link: https://www.econbiz.de/10011884250
There have been attempts to resurrect the fiscal theory of the price revel (FTPL). The original FTPL rests on a …
Persistent link: https://www.econbiz.de/10011732317
The Fiscal Theory of the Price Level (FTPL) rejects the fundamental 'Ricardian' proposition, that the government budget …
Persistent link: https://www.econbiz.de/10013321192
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 …
Persistent link: https://www.econbiz.de/10014125878
The Fiscal Theory of the Price Level (FTPL) rejects the fundamental 'Ricardian' proposition, that the government budget …
Persistent link: https://www.econbiz.de/10009781580
The paper examines the role of fiscal and monetary policy on the dynamics of monetary expansion in a macroeconomy. Its microeconomic structure defined by producers with neoclassical production functions, heterogeneous OLG consumers, and a stationary fiscal and monetary policy induces a...
Persistent link: https://www.econbiz.de/10011903801
The economic characteristics of the COVID-19 crisis differ from those of previous crises. It is a combination of demand- and supply-side constraints which led to the formation of a monetary overhang that will be unfrozen once the pandemic ends. Monetary policy must take this effect into...
Persistent link: https://www.econbiz.de/10013270945
The economic characteristics of the COVID-19 crisis differ from those of previous crises. It is a combination of demand- and supply-side constraints which led to the formation of a monetary overhang that will be unfrozen once the pandemic ends. Monetary policy must take this effect into...
Persistent link: https://www.econbiz.de/10012592174
The biggest and most well-known unsolved problem in academic finance is famously referred to as the Equity Premium Puzzle. It refers to the unexplained phenomenon that for over 100 years the average return on a well-diversified portfolio of equities has far outperformed that of risk-free,...
Persistent link: https://www.econbiz.de/10012838903