The Young Person's Guide to Neutrality, Price Level Indeterminacy, Interest Rate Pegs, and Fiscal Theories of the Price Level
收藏NBER1998-02-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w6396
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资源简介：
The paper establishes the following: First, money is neutral even if there is a non-zero stock of non-monetary nominal public debt, because the government adjusts real taxes to satisfy its intertemporal budget constraint. Second, Woodford's fiscal theory of the price level, according to which for
提供机构：
美国国家经济研究局
创建时间：
1998-02-01
