The origins of yield curve theory: Irving Fisher and John Maynard Keynes

Lucy Brillant

No 9hf8z, SocArXiv from Center for Open Science

Abstract: The purpose of the paper is to rescue Irving Fisher’s theorizing of the yield curve (1896, 1907, 1930) from relative obscurity and to contrast it with the better known and equally pioneering theory of John Maynard Keynes (1930, 1936). The paper also adduces evidence that Fed economists and the U.S. monetary experience in the 1920s greatly influenced these authors, both of whom were concerned with the management of the long-term interest rate.

Date: 2024-01-26
New Economics Papers: this item is included in nep-his, nep-hme, nep-hpe, nep-mon and nep-pke
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Persistent link: https://EconPapers.repec.org/RePEc:osf:socarx:9hf8z

DOI: 10.31219/osf.io/9hf8z

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