Understanding the fiscal theory of the price level
Abstract: Price stability is an important goal of public policy. To reach this goal, two key questions must be addressed: How can price stability be achieved? And, how much price stability is desirable? The authors review the fiscal theory of the price level, with special emphasis on its implications for the feasibility and desirability of price stability.
File(s): File format is text/html http://www.clevelandfed.org/research/Review/2000/IIq.pdf
Provider: Federal Reserve Bank of Cleveland
Part of Series: Economic Review
Publication Date: 2000
Issue: Q II