A Game-Theoretic View of the Fiscal Theory of the Price Level
A Game-Theoretic View of the Fiscal Theory of the Price Level
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Publisher
Malden, MA: Econometric Society
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Language
English
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Publisher
Malden, MA: Econometric Society
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Contents
The goal of this paper is to probe the validity of the fiscal theory of the price level by modelling explicitly the market structure in which households and the government make their decisions. I describe the economy as a game, and I am thus able to state precisely the consequences of actions that are out of the equilibrium path. I show that there...
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Full title
A Game-Theoretic View of the Fiscal Theory of the Price Level
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TN_cdi_proquest_journals_203881709
Permalink
https://devfeature-collection.sl.nsw.gov.au/record/TN_cdi_proquest_journals_203881709
Other Identifiers
ISSN
0012-9682
E-ISSN
1468-0262
DOI
10.1111/1468-0262.00373
