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http://ssrn.com/abstract=228142
 
 

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Understanding the Fiscal Theory of the Price Level


Lawrence J. Christiano


Northwestern University; Federal Reserve Bank of Cleveland; Federal Reserve Bank of Chicago; Federal Reserve Bank of Minneapolis; National Bureau of Economic Research (NBER)

Terry J. Fitzgerald


Organization for Economic Co-Operation and Development (OECD)

April 2000

NBER Working Paper No. w7668

Abstract:     
We review the fiscal theory of the price level. We place special emphasis on the theory's implications for the feasibility of price stability.

Number of Pages in PDF File: 66

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Date posted: May 21, 2000  

Suggested Citation

Christiano, Lawrence J. and Fitzgerald , Terry J., Understanding the Fiscal Theory of the Price Level (April 2000). NBER Working Paper No. w7668. Available at SSRN: http://ssrn.com/abstract=228142

Contact Information

Lawrence J. Christiano (Contact Author)
Northwestern University ( email )
2003 Sheridan Road
Evanston, IL 60208
United States
847-491-8231 (Phone)
847-491-7001 (Fax)
Federal Reserve Bank of Cleveland
East 6th & Superior
Cleveland, OH 44101-1387
United States
Federal Reserve Bank of Chicago
230 South LaSalle Street
Chicago, IL 60604
United States
Federal Reserve Bank of Minneapolis
90 Hennepin Avenue
Minneapolis, MN 55480
United States
National Bureau of Economic Research (NBER)
1050 Massachusetts Avenue
Cambridge, MA 02138
United States
Terry J. Fitzgerald
Organization for Economic Co-Operation and Development (OECD)
2 rue Andre Pascal
Paris Cedex 16, 75775
France
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