 | A Requiem for the Fiscal Theory of the Price Level Author/Editor: Roger Farmer, Pawel Zabczyk. Release Date:October, 2019 The Fiscal Theory of the Price Level (FTPL) is the claim that, in a popular class of theoretical models, the price level is sometimes determined by fiscal policy rather than monetary policy. The more...
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| Solving and Estimating Indeterminate DSGE Models Author/Editor: Roger Farmer, Vadim Khramov. Release Date:October, 2013 We propose a method for solving and estimating linear rational expectations models that exhibit indeterminacy and we provide step-by-step guidelines for implementing this method in the Matlab-based more...
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