Book description
A comprehensive account of how government deficits and debt drive inflation Where do inflation and deflation ultimately come from? The fiscal theory of the price level offers a simple answer: Prices adjust so that the real value of government debt equals the present value of taxes less spending. Inflation breaks out when people don't expect the government to fully repay its debts. The fiscal theory is well suited to today's economy: Financial innovation undermines money demand, and central banks don't control the money supply or aggressively change interest rates, invalidating classic theories, while large debts and deficits threaten inflation and constrain monetary policy. This book presents a comprehensive account of this important theory from one of its leading developers and advocates. John Cochrane aims to make fiscal theory useful as a conceptual framework and modeling tool, and for analyzing history and policy. He merges fiscal theory with standard models in which central banks set interest rates, giving a novel account of monetary policy. He generalizes the theory to explain data and make realistic predictions. For example, inflation decreases in recessions despite deficits because discount rates fall, raising the value of debt; specifying that governments promise to partially repay debt avoids classic puzzles and allows the theory to apply at all times, not just during periods of high inflation. 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. Filled with research by Cochrane and others, The Fiscal Theory of the Price Level offers important new insights about fiscal and monetary policy.
The Beekeeper
ListenBook's compatibility with playlists and CUE files is a great addition for those who love organized listening. I can't get enough of this app β it's a true game-changer for book lovers. The adjustable playback speed is a revelation. It's like having a personal audiobook narrator at my pace. ListenBook has united my love for audiobooks with my passion for learning. What a brilliant app!
Vagabond Warrior
π Transforming my mundane routine into a captivating journey β thank you, this app! β¨π CUE playlist support is a fantastic addition. It helps me organize my audiobooks effortlessly. With support for various audio formats, ListenBook ensures I can enjoy my favorite audiobooks without worries. ListenBook makes my commute enjoyable. The audio filters really enhance the listening experience. ListenBookβs support for CarPlay is great. I can listen to audiobooks in my car easily.
Show Boat
This app has made literature accessible and engaging for all ages. This app is my secret weapon for learning while I'm on the move. Navigating through my audiobook library is a joy with this app's intuitive interface and easy controls. It's like having a personal reading companion at my side. π±π No need for file conversion is a game-changer. Love using ListenBook on my iPhone.
Wiccan Trouble
Audiobooks on this app have transformed my daily routines into engaging experiences. Kudos to the developers for crafting an app that understands readers' needs. The smooth playback and sleek design are pure perfection. ππ Easy access to chapters and silky-smooth playback. Love it! ListenBookβs playback is silky-smooth. The app never glitches.
Jersey
The customer support team is responsive and always ready to assist. With this app, reading is no longer a task β it's a delightful habit. Audiobook enthusiasts, rejoice! This app's design focuses on seamless interaction.
Eye Candy Kitten
The ability to switch between devices seamlessly is a game-changer for busy readers. ListenBook's dedication to delivering a top-notch experience is evident in every detail.
MuseMaster
The app's reliability and ease of use make it a true gem in the world of audiobooks. ListenBook has turned my audio content into an immersive, personalized, and unforgettable experience. ListenBook Pro's tone adjustment feature is a fun way to experiment with the audiobook experience. The app is perfect for people who love to multitask. I can listen while cooking. Iβve tried several audiobook players, but ListenBook stands out for its reliability and ease of use. The equalizer and voice boost features make every book sound amazing. Plus, the dark mode is perfect for nighttime listening. Great job, developers!
NexusNomad
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Trick Baron
Listening to audiobooks has made my daily commute more enjoyable and productive. The statistics tracking feature is very useful. ListenBook helps me keep track of my listening time.
ByteBard
ListenBook has made managing and enjoying audiobooks, lectures, and speeches effortless and enjoyable. ListenBook has enriched my life with a diverse range of content, all at my fingertips. I'm amazed at how this app has made my daily routines more enjoyable and intellectually fulfilling.
Chip Queen
This app's customizable features, like playback speed and bookmarks, have transformed my experience. π The simplicity and functionality of this app are top-notch. I can start a book with just a tap and immerse myself in the story instantly. π±π Adjustable playback speed is a brilliant feature. It adds a layer of customization to my audiobook enjoyment. ListenBook has become an essential part of my routine. It's more than an app β it's a companion. Automated artwork and metadata extraction make my audiobook library look neat and professional.
Little Drunk Girl
The statistics feature on ListenBook helps me track my audiobook consumption β a fantastic way to measure my progress. ListenBook's commitment to providing a high-quality audiobook experience is truly commendable. The convenience of having a library at my fingertips is unparalleled. With this app, I've discovered the joy of learning while I'm on the move β it's like having a tutor by my side. This app is my audiobook haven. With a user-friendly interface and features like audio filters, I'm engrossed in stories like never before. ππ
Honey
Thanks to ListenBook, I can enjoy my audiobooks without the need for constant synchronization. This app is my constant companion, making every moment a chance to discover new worlds. Looping playback has made memorization so much easier. I'm acing my exams! Binaural audio processing is a game-changer β my ears stay comfortable during long listening sessions.
Woodland Beauty
I've become a more empathetic listener and reader, thanks to the power of audiobooks. ListenBook's interface is sleek and user-friendly, making navigation a breeze. ListenBook's support for various formats means I can explore a wide range of content without limitations.
VisionVortex
ListenBook's library organization and book groups help me keep my content neatly sorted. ListenBook has brought stories back into my life, making every moment a new adventure. I'm amazed by how this app effortlessly turns my daily routines into enjoyable learning sessions. Audiobook joy made simple β this app's ease of use is a game-changer.
Grinch Cheese
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Alberta
Adjusting the tone of the narrator's voice is a unique touch β it's like having a personalized reading. ListenBook has completely transformed how I enjoy audiobooks. The chapter navigation is seamless, and the statistics feature is a fun way to track my listening progress. The app is stable, fast, and incredibly user-friendly. Five stars!
Flash
The statistics feature in ListenBook adds an element of self-awareness to my audiobook consumption. Listening stats keep me motivated to read more. Great addition!
Tomcat
I can't believe how much more productive I am β I'm learning and growing while multitasking! πΌ Merging work and pleasure β audiobooks keep me company during house admin tasks! π»π§ ListenBook has transformed my daily routine into an opportunity to learn, relax, and enjoy.
Cabbie
ListenBook's dedication to delivering a top-notch experience is evident in every detail. ListenBook has made me fall in love with audiobooks all over again β it's a must-have app. This app's support for various formats and genres ensures that there's always something new to explore. I can't imagine my day without a dose of literature from this app. The ability to adjust the tone of the narrator's voice is a creative touch that adds depth to my listening.
Playing a wide variety of audio formats
Works on all devices with iOS 13 and newer
Huge amount of features for a small price
Frequent updates to add new features and improve existing ones
Advanced playback controls
Live sound processing
Changing the timbre of the reader's voice and noise reduction
Translated into more than 20 languages
If you love listening to fiction audiobooks, ListenBook has features to make the process easier.
Edit book data: title, author, cover
Use equalizer to make the sound comfortable for you
Adjust the playback speed
Enjoy dark and light app themes
Supported formats: MP3, M4B, AWB, FLAC, OGG audio files and many more (must be DRM free)
Auto-Bookmarks make it easy to find your place
AirPlay support allows redirection of audio output.
VoiceOver support
Dark mode for night owls
Convenient bookmarking system helps you mark the most important places.
Unlimited bookmarks for each audiobook
Put your own cover on the wager
Share your audiobook with friends
Lock-screen control
Customise app with extensive options
Sleep timer with shake to reset, set custom notification sounds, and a few unique options
Auto rewind depending on paused time, customize rewind times to your liking
Removing background noise from recordings made in classrooms and meetings
Changing the timbre of the reader's voice for a better listening experience