Article citationsMore>>

Canzoneri, M., Cumby, R., and Diba, B. (2010) The Interaction Between Monetary and Fiscal Policy. Handbook of Monetary Economics, 3, 935-999.
https://doi.org/10.1016/B978-0-444-53454-5.00005-0

has been cited by the following article:

• TITLE: A Nontrivial Math Error in “Sophisticated Monetary Policies”

  AUTHORS: Rongyu Wang

  KEYWORDS: Staggered-Pricing Model, New Keynesian Model, Fiscal Theory of Price Level

  JOURNAL NAME: Journal of Mathematical Finance, Vol.14 No.2, May 17, 2024

  ABSTRACT: [1] is an important literature in the field of the fiscal theory of price level. However, I prove that the equations of (39) in [1] are wrong and provide the correct results. I also find that the mistake of equations of (39) affects the rest of [1], which is based on the establishment of equations of (39). I list all the results in [1] that cannot be established due to the mistake of equations of (39). Considering the importance of [1] in the field of fiscal theory of price level, all knowledge developed by far based on the results that cannot be established in [1] should be re-examined.