66 Pages Posted: 21 May 2000
Date Written: April 2000
We review the fiscal theory of the price level. We place special emphasis on the theory's implications for the feasibility of price stability.
Suggested Citation: 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: https://ssrn.com/abstract=228142