Motivated by disputes over the quantity theory of money and the fiscal theory of the price level (the FTPL), I consider price determination in another macro model which can be used both in the short run and in the long run. It is a two-sector model with flexible prices and profit-maximizing firms. Government and the foreign sector are also included. It is assumed that prices are determined by supply and demand in the short run unlike in the quantity theory and the FTPL. In particular the determination of the price of consumption goods is pursued. Finally the FTPL is examined.

中文翻译：

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价格决定的宏观经济理论

受货币数量论和价格水平财政理论（FTPL）争议的启发，我考虑了另一个宏观模型中的价格决定，该模型可用于短期和长期。它是一个具有灵活价格和利润最大化企业的两部门模型。政府和外国部门也包括在内。与数量理论和 FTPL 不同，假设价格在短期内由供求决定。尤其是消费品价格的确定。最后检查FTPL。