Book Presentation: "The Fiscal Theory of the Price Level", John H. Cochrane

Book Presentation: "The Fiscal Theory of the Price Level", John H. Cochrane

Book Presentation: "The Fiscal Theory of the Price Level" by John H. Cochrane, Hoover Institution, Stanford University.

By Institute for Monetary and Financial Stability

Date and time

Tuesday, February 14, 2023 · 5 - 6pm CET

Location

Room HZ 10, Hörsaalzentrum, Goethe-Universität Frankfurt

Theodor-W.-Adorno-Platz 60323 Frankfurt am Main Germany

About this event

Book Presentation

The Fiscal Theory of the Price Level

A comprehensive account of how government deficits and debt drive inflation

John H. Cochrane

Rose-Marie and Jack Anderson Senior Fellow

Hoover Institution, Stanford University

February 14, 2023

5:00-6:00 pm

Room 10, Hörsaalzentrum

Campus Westend, Goethe University Frankfurt

Where do inflation and deflation ultimately come from? John Cochrane aims to make fiscal theory useful as a conceptual framework and modeling tool, and for analyzing history and policy. He generalizes the theory to explain data and make realistic predictions. Cochrane offers an extensive rethinking of monetary doctrines and institutions through the eyes of fiscal theory, and analyzes the era of zero interest rates and post-pandemic inflation.

Organized by

Institute for Monetary and Financial Stability

Founded in 2007, the Institute for Monetary and Financial Stability (IMFS) is a center for economic and legal research with a focus on central banks supported by Goethe University and the Foundation for Monetary and Financial Stability (Stiftung Geld und Währung). Its interdisciplinary research focuses on the tasks, competencies and powers of central banks in monetary policy as well as regulation and financial supervision.

In addition to research work and the promotion of young academics, the IMFS is dedicated to the exchange of academic views - for example, through the annual conference “The ECB and Its Watchers.” Since 2012, the Executive Director of the IMFS has been Prof. Volker Wieland, holder of the Endowed Chair of Monetary Economics.

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