The policy models of Irving Fisher and Knut Wicksell posit rules by which central banks can stabilize general prices at a fixed target level over time. Wicksell’s model, however, requires some adjustment before it can deliver price stability.Inflation (Finance) ; Monetary policy

Thomas M. Humphrey

English

Research Papers in Economics

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Fisherian and Wicksellian price-stabilization models in the history of monetary thought

http://www.richmondfed.org/publications/research/economic_review/1990/pdf/er760301.pdf

Fisherian and Wicksellian price-stabilization models in the history of monetary thought

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