The overall level of prices in a country, as usually measured empirically by a price index, but often captured in theoretical models by a single variable.
Related information about price level:
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A price level is a hypothetical measure of overall prices for some set of goods and services, in a given region during a given interval, normalized relative to some ...
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The fiscal theory of the price level is the idea that government fiscal policy affects the price level: for the price level to be stable (to control inflation), government ...
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The average of current prices across the entire spectrum of goods and services produced in the economy. In a more general sense, price level refers to any ...
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of the price level, fiscal policy can be used to select which of these many paths actually occur. This article explains the fiscal theory of the price level and ...
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Downloadable! It is shown that the price level remains determinate even in the case of two kinds of radical money supply endogeneity -- an interest rate peg by ...