| CONTENTS | |
| Preface | xi |
| Part I: The Fiscal Theory | |
| Introduction | 3 |
| 1. A Two-Period Model | 5 |
| 2. An Intertemporal Model | 21 |
| 3. A Bit of Generality | 52 |
| 4. Debt, Deficits, Discount Rates, and Inflation | 81 |
| 5. Fiscal Theory in Sticky Price Models | 116 |
| 6. Fiscal Constraints | 187 |
| 7. Long-Term Debt Dynamics | 211 |
| Part II: Assets, Rules, and Institutions | |
| 8. Assets and Choices | 237 |
| 9. Better Rules | 257 |
| 10. Balance Sheets and Pots of Assets | 284 |
| Part III: Monetary Doctrines, Institutions, and some Histories | |
| 11. Monetary Policies | 311 |
| 12. Interest Rate Targets | 320 |
| 13. Monetary Institutions | 325 |
| 14. Stories and Histories | 336 |
| 15. Esthetics and Philosophy | 351 |
| Part IV: Money, Interest Rates, and Regimes | |
| 16. The New-Keynesian Model | 357 |
| 17. Keynesian Models with Sticky Prices | 391 |
| 18. History and Implications | 415 |
| 19. Monetarism | 427 |
| 20. The Zero Bound | 458 |
| 21. The COVID-19 Inflation | 478 |
| 22. Observational Equivalence | 487 |
| Part V: Past, Present, and Future | |
| 23. Past and Present | 505 |
| 24. Tests, Models, and Applications | 512 |
| 25. The Future | 523 |
| 26. Bibliography | 527 |
| 27. Index | 541 |
Footnotes
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