CEU Electronic Theses and Dissertations, 2007
| Author | Briglevics, Tamás |
|---|---|
| Title | THE FISCAL THEORY OF THE PRICE LEVEL: EVIDENCE FROM THREE CENTRAL EUROPEAN COUNTRIES |
| Summary | The paper investigates whether the fiscal theory of the price level (FTPL) offers a more plausible explanation to the recent developments in three Central European countries: the Czech Republic, Hungary and Poland. I follow the method of Canzoneri et al. (2001) to see if traditional theories or the FTPL gives a more plausible interpretation of these developments. After interpreting the impulse responses from the VAR models estimated for the countries and for different panels of these countries, the conclusion is that, while neither theory can be reject by the data, the FTPL adds little additional insights to the standard theories. |
| Supervisor | Professor Péter Benczúr |
| Department | Economics MA |
| Full text | https://www.etd.ceu.edu/2007/c05brt01.pdf |
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