The Fiscal Theory of Price Level with a Bubble
收藏NBER2020-05-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w27116
下载链接
链接失效反馈官方服务：
资源简介：
This paper incorporates a bubble term in the standard Fiscal Theory of the Price Level equation to explain why countries with persistently negative primary surpluses can have a positively valued currency and low inflation. It also provides two illustrative models with closed-form solutions in which
提供机构：
美国国家经济研究局
创建时间：
2020-05-01
