Eric Leeper on the Interactions of Fiscal and Monetary Policy
Macro Musings with David Beckworth
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The Fiscal Theory of the Price Level
i became aware of this with marcus bruner myer's work with some co authors. He has a paper called the fiscal theory t price level, with a bubble term. The basic idea on this argument is that you've got to expand that ascet price in view of government debt. But there is also a demand for government securities relatig to the liquidity premium or service they provide. And i think modelling that is incredibly important.
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