A macroeconomic theory of price determination

被引：0

作者：

Sasakura, Kazuyuki ^{[1
]}

机构：

[1] Waseda Univ, Fac Polit Sci & Econ, Shinjuku Ku, 1-6-1 Nishiwaseda, Tokyo 1698050, Japan

来源：

STRUCTURAL CHANGE AND ECONOMIC DYNAMICS | 2021年 / 59卷

关键词：

Price determination; Quantity theory of money; Fiscal theory of the price level; Neoclassical synthesis; FISCAL THEORY; MONETARY; LEVEL; MONEY; VIEW;

D O I：

10.1016/j.strueco.2021.08.008

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Motivated by disputes over the quantity theory of money and the fiscal theory of the price level (the FTPL), I consider price determination in another macro model which can be used both in the short run and in the long run. It is a two-sector model with flexible prices and profit-maximizing firms. Govern-ment and the foreign sector are also included. It is assumed that prices are determined by supply and demand in the short run unlike in the quantity theory and the FTPL. In particular the determination of the price of consumption goods is pursued. Finally the FTPL is examined. (c) 2021 Elsevier B.V. All rights reserved.

引用

页码：214 / 227

页数：14

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