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Policy Choices Under Monetary and Fiscal Theories of the Price Level

Chadha, Jagjit S. (2011) Policy Choices Under Monetary and Fiscal Theories of the Price Level. Macroeconomics and Finance in Emerging Market Economies, 4 (2). pp. 189-212. ISSN 1752-0843. (doi:10.1080/17520843.2011.557389) (The full text of this publication is not currently available from this repository. You may be able to access a copy if URLs are provided) (KAR id:11178)

The full text of this publication is not currently available from this repository. You may be able to access a copy if URLs are provided. (Contact us about this Publication)
Official URL
http://dx.doi.org/10.1080/17520843.2011.557389

Abstract

Price-level determination requires co-ordination of monetary and Öscal policy

a number of implications for simple interest rate rules resulting from various

of the price-level (MTPL) and the Öscal theory of the price-level (FTPL) can

that a Öscal rule that responds aggressively to output and ináation may force the

stabilization policy than suggested by the Taylor Principle. We also show how

stabilise the economy. Some policy conclusions in light of the lower zero bound for

monetary policy and debt stabilization are drawn.

Item Type: Article
DOI/Identification number: 10.1080/17520843.2011.557389
Uncontrolled keywords: Monetary and Fiscal Policy Rules; Ricardian, non-Ricardian fiscal policy
Subjects: H Social Sciences > HB Economic Theory
Divisions: Faculties > Social Sciences > School of Economics
Depositing User: Jagjit Chadha
Date Deposited: 29 Jun 2011 16:56 UTC
Last Modified: 28 May 2019 13:48 UTC
Resource URI: https://kar.kent.ac.uk/id/eprint/11178 (The current URI for this page, for reference purposes)
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