Skip to main content
Article thumbnail
Location of Repository

Fiscal Foundations of Price Stability in Open Economies

By Christopher A. Sims


This draft is preliminary and incomplete. © 1997 by Christopher A. Sims. Single copies for personal use and multiple copies for educational and research purposes, are allowed, so long as this copyright notice is included in the copies, no changes are made in the document, and, in the case of multiple copies, the copies are distributed without any charge, even to reimburse the Large, economically advanced states issue public debt that is anonymously held, publicly traded in liquid markets, and regarded as essentially free of default risk. At the same time, they have monetary systems in which a central bank holds, as backing for its monetary liabilities, mainly the country’s own interest-bearing public debt. These aspects of monetary and fisca

Year: 1997
OAI identifier: oai:CiteSeerX.psu:
Provided by: CiteSeerX
Download PDF:
Sorry, we are unable to provide the full text but you may find it at the following location(s):
  • (external link)
  • (external link)
  • Suggested articles

    To submit an update or takedown request for this paper, please submit an Update/Correction/Removal Request.