The Fiscal Theory of the Price Level: An Explainer
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We discuss under what circumstances and how the aggregate price level responds to fiscal decisions. We highlight the conditions under which the so-called Fiscal Theory of the Price Level applies and to what extent the data supports this theory.
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Each time The Week That Was in Europe publishes, we email you a written briefing from the transcript — the topics, who appeared, and any specific claims, with the ad reads skipped.
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