Economics, Econometrics and Finance
2 years ago

Fiscal Theory of Price Level Solves Inflation Puzzles Post-2008 Crisis

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Puzzles of Inflation, Money, and Debt: Applying the Fiscal Theory of the Price Level
Thomas F. Coleman, B. V. Oliver, Laurence B. Siegel

Paper Summary

The fiscal theory of the price level updates monetary theory to solve puzzles about low inflation after 2008. It revises traditional views on money and debt to explain why inflation didn't rise despite increased money supply.

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