Is the Price Level Determined by the Needs of Fiscal Solvency?

The fiscal theory of price determination suggests that if primary surpluses evolve independently of government debt, the equilibrium price level "jumps" to assure fiscal solvency. In this non-Ricardian regime, fiscal policy-not monetary policy-provides the nominal anchor. Alternatively, in...

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Bibliographic details
Volume: 91
Main Author: Canzoneri, MB
Cumby, RE
Diba, BT
Format: Journal Article
Language: English
Zielgruppe: Academic
Place of publication: NASHVILLE American Economic Association 01.12.2001
AMER ECONOMIC ASSOC
published in: The American economic review Vol. 91; no. 5; pp. 1221 - 1238
Data of publication: 20011201
ISSN: 0002-8282
1944-7981
EISSN: 1944-7981
Discipline: Economics
Law
Subjects:
Online Access: Fulltext
Database: Web of Knowledge
Social Sciences Citation Index
Web of Science
Web of Science - Social Sciences Citation Index - 2001
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Academic OneFile (A&I only)
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