Annicchiarico, BarbaraMarini, Giancarlo2018-05-302018-05-302005-12Annicchiarico, Barbara e Giancarlo Marini (2005). "Government deficits, consumption, and the price level". Portuguese Economic Journal, 4(3):193-2051617-982X (print)1617-9838 (online)http://hdl.handle.net/10400.5/15521This paper investigates the dynamics of the price level in a continuous time monetary version of the Yaari-Blanchard overlapping generations model with capital accumulation. It is shown that there is an interaction between fiscal disci- pline and price stability when the government budget is intertemporally balanced. Relevant implications are that high debt and slow adjustment adversely affect both prices and capital accumulation.engFiscal deficitsPrice stabilityGovernment debtGovernment deficits, consumption, and the price leveljournal article10.1007/s10258-005-0047-1