
Cochrane
Economist and author of The Fiscal Theory of Price Level
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May 14, 2024 • 27min
The Fiscal Theory of the Price Level and Asset Pricing
Dr. Cochrane explains the fiscal theory of the price level and its impact on inflation. He discusses the surge of inflation in 2021-2022 and why it waned without restrictive monetary policy. The podcast delves into managing inflation in a zero bound era and the importance of coordinated fiscal and monetary policies amidst rising debts and inflation concerns.