The Fiscal Theory of the Price Level by John H. Cochrane

The Fiscal Theory of the Price Level

John H. Cochrane

584 pages missing pub info (editions)

challenging informative medium-paced
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John Cochrane aims to make fiscal theory useful as a conceptual framework and modeling tool, and for analyzing history and policy. He merges fiscal theory with standard models in which central banks set interest rates, giving a novel account of mo...

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