Infinite-maturity public debt and the fiscal theory of the price level

DOI10.1016/J.JEDC.2007.06.007MaRDI QIDQ844674zbMATH OpenOpenAlexFDO

Authors Gaetano Bloise, Pietro Reichlin

Publication date 19 January 2010

Published in Journal of Economic Dynamics and Control (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.jedc.2007.06.007

zbMATH Keywords

monetary policyfiscal policyspeculative bubbleslong-term public debt

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Economic dynamics (91B55)

Recommendations

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• Debt, deficits and finite horizons: the stochastic case
• Optimal time-consistent government debt maturity

Cites work

• A Game-Theoretic View of the Fiscal Theory of the Price Level
• A remark on the fiscal theory of price determination
• A simple model for study of the determination of the price level and the interaction of monetary and fiscal policy
• Long-Term Debt and Optimal Policy in the Fiscal Theory of the Price Level
• Monetary policy and price level determinacy in a cash-in-advance economy
• Rational Asset Pricing Bubbles
• The Fiscal Myth of the Price Level

Cited in

(7)

• A Game-Theoretic View of the Fiscal Theory of the Price Level
• THE FISCAL THEORY OF THE PRICE LEVEL PUZZLE: A NON-RICARDIAN VIEW
• Liquidity premiums on government debt and the fiscal theory of the price level
• Long-Term Debt and Optimal Policy in the Fiscal Theory of the Price Level
• A remark on the fiscal theory of price determination
• MAXIMUM SUSTAINABLE GOVERNMENT DEBT IN THE PERPETUAL YOUTH MODEL
• The Fiscal Myth of the Price Level

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