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Postal codes: USA: 81657, Canada: T5A 0A7

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What does FTPL stand for?

Fiscal Theory of the Price Level (monetary policy)


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This definition appears very rarely and is found in the following Acronym Finder categories:

  • Business, finance, etc.

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Samples in periodicals archive:
There is ongoing debate about whether faster inflation would occur because the Federal Reserve would eventually be forced to support the government's future debt-financed expenditures through monetary accommodation or whether a sudden realignment of prices could occur even without an independent or fiscally induced monetary expansion--following the predictions of the so-called fiscal theory of the price level (FTPL).
In the model, tax non-neutralities arise solely through the mechanism articulated by the fiscal theory of the price level.
Cochrane's main theoretical objection to this fiscal theory of the price level is that it mistreats the government's intertemporal budget constraint.

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