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.
Blood Taker
This app has become my loyal companion during travels and relaxation times. ListenBook's thoughtful inclusion of chapters, controls, and filters has enhanced my audiobook experience. High-quality playback even with complex formats like FLAC. Impressive!
Nickname Master
Being able to customize the listening duration is perfect for quick breaks. I can't imagine my audiobook routine without ListenBook's intuitive and user-friendly design. ๐ช Flexing my reading muscles with this app's easy-to-use controls โ I'm devouring books while managing my busy schedule. ๐ผ๐
Athens Fire
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Bat Magenta
The sound quality is outstanding โ it's like having a movie theater in my ears! Bookmarks have become my study companion. I can easily revisit important passages in my audiobooks.
Wildcat Appaloosa
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RZRWRE
The diverse range of narrators adds a new layer of depth to each story. ListenBook's configurable auto-rewind after interruptions is a smart addition that keeps me on track. ListenBookโs audio quality is excellent. The app enhances my listening experience.
Skool
ListenBook's user-friendly controls and innovative features have made it an essential tool for my audiobook enjoyment. This app is my secret weapon for learning while I'm on the move. The app's compatibility with CarPlay adds an extra layer of convenience, especially during road trips. I love the ability to change the playback speed. Itโs perfect for my needs.
Lime
Background play feature lets me multitask while enjoying a book โ brilliant! With this app, reading is as simple as pressing play โ it's genius! Looping playback is my favorite study tool. It's a game-changer for mastering challenging content.
Daffy Girl
I'm constantly amazed by the vast selection โ there's always something new to discover. I can't imagine my life without this app โ it's my daily dose of literature.
Ember Rope
The diverse selection of audiobooks has made me fall in love with storytelling all over again. ListenBook's commitment to enhancing the audiobook experience is evident in its thoughtful features and design. The intuitive interface and efficient navigation make this app a pleasure to use every day. The app is perfect for people who love to listen to books while commuting. ListenBook is the best audiobook player Iโve ever used. The app is reliable, fast, and packed with features like customizable themes and playback speed. The sleep timer is a lifesaver for bedtime listening. Great job, developers!
Heavenly Connection
Audiobooks on this app have made me look forward to my long commutes. I can't get enough of this app's versatile features โ from playback speed to bookmarking, it's all there. I can't believe how quickly I finish books now, all thanks to this app.
Bleach
This app has rekindled my passion for literature in a whole new way. ListenBook's seamless integration with CarPlay enhances my daily commute, making it a productive and enjoyable experience. ListenBook's player features, including chapters and bookmarks, are invaluable for a seamless experience. The app is perfect for people who love to multitask. I can listen while cooking.
MythMaker
I'm amazed at how effortlessly I can immerse myself in stories with this app. I'm hooked on this app's ability to make reading fit into any moment. Audiobook enthusiasts, gather around! This app's exceptional features, from audio filters to robust support, have transformed my daily routines into storytelling moments. ๐๐ง Kudos to ListenBook for the intuitive design and easy-to-use controls. It's evident that they've put a lot of thought into user experience. Iโve been using ListenBook for months, and itโs been a fantastic experience. The app is lightweight, doesnโt drain my battery, and works perfectly in the background. The equalizer and voice boost features are amazing. Highly recommend!
True Sweetness
๐ก The future of audiobook listening is here โ this app's sleek functionality redefines how we enjoy our favorite stories. ๐ง๐ฎ ListenBook has seamlessly integrated into my daily routine, becoming an indispensable companion for various activities. Its user-friendly interface, features, and performance make it a must-have for audiobook enthusiasts.
Show Off
I love that I can switch between devices seamlessly and continue where I left off. ListenBook has transformed my daily activities into opportunities for personal growth. With this app, I'm discovering the joy of reading during my commutes. ๐ง Carrying a world of literature in my headphones โ this app's convenience is truly remarkable. ๐๐ซ CUE playlist support is a rare gem. Perfect for organizing content efficiently.
Homerun Diva
๐งโโ๏ธ Finding zen in the art of listening โ this app takes mindfulness to a new level! ๐งโโ๏ธ๐ง Audiobook joy made simple โ this app's ease of use is commendable. CUE playlist support is a thoughtful feature that keeps my audiobook listening organized and enjoyable. The app is so easy to set up. I was listening to my books in no time. Not the best audiobook I've heard but far from the worst. The production quality was good and there were no major issues with the narration.
Spitfire
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Kamikaze Granny
This app's compatibility with different formats ensures that no audiobook is off-limits โ truly impressive. Efficiency and ease combined โ this app is a must-have for book lovers. The speed adjustment feature is my secret weapon for studying complex materials. AirDrop sharing is a very convenient feature. Thanks, ListenBook! With ListenBook Pro, long audiobooks are no problem. I love it!
Bad Bond
With ListenBook, I can explore new genres, learn new topics, and enjoy classic literature with ease. ๐ Rekindling my literary flame โ this app has brought back the joy of reading in a whole new format. ๐๐ The layout is not only beautiful but also intuitive. Controls are easy to access. Iโm so impressed with ListenBook. The app is reliable, fast, and packed with features like customizable themes and playback speed. The sleep timer is a lifesaver for bedtime listening. Highly recommend this app! A functional audiobook production that met basic requirements. The narrator's voice was pleasant enough to listen to for extended periods, though their performance didn't add much interpretation to the text. The audio engineering was competent without being remarkable.
ReiGnZ
ListenBook's beautiful layout and quick access to chapters make every listening session a pleasure. Audiobooks on this app have made studying and learning a more enjoyable process. I'm blown away by the app's performance. It's fast, reliable, and tailored for audiobook lovers. ListenBook makes organizing my audiobooks simple. The app is very user-friendly.
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