Download This PaperPuzzles of Inflation, Money, and Debt: Applying the Fiscal Theory of the Price Level
40 Pages Posted: 15 Dec 2021
Date Written: November 29, 2021
Abstract
The fiscal theory of the price level (FTPL) solves puzzles raised by standard monetary theories. FTPL is forward looking and dynamic, and investors can use it to calculate the value of “money” through discounted free cash flow analysis.
Suggested Citation: Suggested Citation
Coleman, Thomas and Oliver, Bryan and Siegel, Laurence B., Puzzles of Inflation, Money, and Debt: Applying the Fiscal Theory of the Price Level (November 29, 2021). CFA Institute Research Foundation Briefs, November 2021, ISBN 978-1-952927-22-5, Available at SSRN: https://ssrn.com/abstract=3986565 or http://dx.doi.org/10.2139/ssrn.3986565
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