Cochrane, John H. 价格水平的财政理论

中文摘要

萨里大学、CIMS 和 CfM 的 Ricardo Nunes 评介了 John H. Cochrane 所著《价格水平的财政理论》。该书的 Econlit 摘要开篇写道：“考虑了使财政理论易于理解的方法，发展了故事和直觉，以说明它如何有助于促进对世界的理解。探讨了一个具有完全灵活价格、恒定利率、短期债务且无风险溢价的简单两期财政理论模型，以及一个简单的跨期模型。”

Abstract

Ricardo Nunes of University of Surrey, CIMS, and CfM reviews “The Fiscal Theory of the Price Level” by John H. Cochrane. The Econlit abstract of this book begins: “Considers ways to make fiscal theory accessible, developing stories and intuition for how it can help facilitate an understanding of the world. Explores a simple two-period fiscal theory model with perfectly flexible prices, constant interest rates, short-term debt, and no risk premiums, in addition to a simple intertemporal model.”