History
The fiscal theory of the price level was developed primarily by Eric M. Leeper (1991), Christopher A. Sims (1994), and Woodford (1994, 1995, 2001). It has been criticized by Narayana Kocherlakota and Christopher Phelan, Willem Buiter (2002), Bennett T. McCallum (1999, 2001, 2003), Oscar Arce, and Dirk Niepelt.
Read more about this topic: Fiscal Theory Of The Price Level
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