Monetary-fiscal policy interactions and the price level:Back…
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- DOI 10.1007/s10797-006-8599-2
- OpenAlex ID W2017540542
- Type Article
- Language EN
- Published 19 Jul 2006
- Volume 13 (4)
- Pages 373–409
- Source International Tax and Public Finance
- Publisher Springer Science+Business Media
- FWCI 8.67
- Countries 1
- Institutions 3
- Added 10 Oct 2025
- Updated 16 Oct 2026
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Monetary-fiscal policy interactions and the price level:Background and beyond
Article 2006 EN Gold
The paper presents the fiscal theory of the price level in a variety of models, including endowment economies with lump-sum taxes and production economies with proportional income taxes. We offer a microeconomic perspective on the fiscal theory by computing a Slutsky-Hicks decomposition of the effects of tax changes into substitution, wealth, and revaluation effects. Revaluation effects arise when…
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2 authors| # | Author | Institutions | ORCID |
|---|---|---|---|
| 1 | Eric Michael Leeper Corresponding | National Bureau of Economic Re… (US) Indiana University (US) | — |
| 2 | Tack Yun Corresponding | Federal Reserve Board of Gover… (US) | — |
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