A Fiscal Theory of Persistent Inflation

DOI10.1093/QJE/QJAD027MaRDI QIDQ6119481zbMATH OpenFDO

Authors Francesco Bianchi, R. Faccini, Leonardo Melosi

Publication date 22 March 2024

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

Full work available at URL https://doi.org/10.1093/QJE/QJAD027

Mathematics Subject Classification ID

General equilibrium theory (91B50) Macroeconomic theory (monetary models, models of taxation) (91B64)

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(4)

• Can passive monetary policy decrease the debt burden?
• The central bank, the treasury, or the market: which one determines the price level?
• A monetary-fiscal theory of sudden inflations
• The sacrifice ratio and active fiscal policy

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