Is the Price Level Determined by the Needs of Fiscal Solvency?
收藏NBER1998-03-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w6471
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资源简介：
A new theory of price determination suggests that if primary surpluses are independent of the level of debt, the price level has to jump' to assure fiscal solvency. In this regime (which we call Fiscal Dominant), monetary policy has to work through seignorage to control the price level. If on the
提供机构：
美国国家经济研究局
创建时间：
1998-03-01
