A Note on Fisher Hypothesis and Price Level Uncertainty

Yakov Amihud and A. Barnea

Journal of Financial and Quantitative Analysis, 1977, vol. 12, issue 3, 525-530

Abstract: The theory on the relationship between real and nominal interest rates is based on the well-known Fisher equation:where: i = nominal interest rate;r = real interest rate;λ = percentage change in price level: P /P0 - 1 where P and P0 denote end-of-period and current levels of some aggregate price index, respectively.

Date: 1977
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