The Fiscal Myth of the Price Level

DOI10.1162/003355304772839597MaRDI QIDQ4469711zbMATH OpenOpenAlexFDO

Authors Dirk Niepelt

Publication date 18 June 2004

Published in The Quarterly Journal of Economics (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1162/003355304772839597

zbMATH Keywords

equilibriumnominal flowsnon-Ricardian policy

Mathematics Subject Classification ID

Microeconomic theory (price theory and economic markets) (91B24)

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• Is numérairology the future of monetary economics? Unbundling numéraire and medium of exchange through a virtual currency and a shadow exchange rate
• Long-Term Debt and Optimal Policy in the Fiscal Theory of the Price Level
• Can the fiscal authority constrain the central bank?
• The fiscal theory of the price level in a world of low interest rates
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• POLICY INTERACTION, LEARNING, AND THE FISCAL THEORY OF PRICES
• The central bank, the treasury, or the market: which one determines the price level?
• THE FISCAL THEORY OF THE PRICE LEVEL PUZZLE: A NON-RICARDIAN VIEW
• Monetary policy under a fiscal theory of sovereign default
• Infinite-maturity public debt and the fiscal theory of the price level
• Liquidity premiums on government debt and the fiscal theory of the price level
• STRUCTURAL SHOCKS AND THE FISCAL THEORY OF THE PRICE LEVEL IN THE STICKY PRICE MODEL
• Financial frictions and the fiscal theory of price level determination

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