Neo-Fisherism: A Radical Idea, or the Most Obvious Solution to the Low-Inflation Problem?
Stephen Williamson ()
The Regional Economist, 2016, issue July
Central banks around the world are struggling with inflation rates that are below their targets. According to conventional central banking wisdom, interest rate cuts should increase inflation, but that’s not working. Maybe—by Irving Fisher’s logic—increasing nominal interest rates increases inflation.
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