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Article Dans Une Revue Journal of Economic Perspectives Année : 2012

Retrospectives : Irving Fisher's "Appreciation and interest" (1896) and the Fisher relation

Résumé

Irving Fisher's monograph Appreciation and interest (1896) proposed his famous equation showing expected inflation as the difference between nominal interest and real interest rates. In addition, he drew attention to insightful remarks and numerical examples scattered through the earlier literature, and he derived results ranging from the uncovered interest arbitrage parity condition between currencies to the expectations theory of the term structure of interest rates. (...)

Dates et versions

halshs-00749692 , version 1 (08-11-2012)

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Robert W. Dimand, Rebeca Gomez Betancourt. Retrospectives : Irving Fisher's "Appreciation and interest" (1896) and the Fisher relation. Journal of Economic Perspectives, 2012, 26 (4), pp.185-196. ⟨10.1257/jep.26.4.185⟩. ⟨halshs-00749692⟩
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