Irving Fisher, Debt Deflation and Crises

Robert Shiller

No 1817, Cowles Foundation Discussion Papers from Cowles Foundation for Research in Economics, Yale University

Abstract: It is the 100th anniversary of Irving Fisher�s 1911 book The Purchasing Power of Money. But, more important than that, it is a good time, during the current financial turmoil, to reconsider some of his theories again, in light of current events. And I think that some of his theories about variations in the purchasing power of money are very important today, have been underappreciated, and are worthy of considering anew.

Keywords: Purchasing power of money; Indexation; Indexed bonds; Depression; Recession; Mortgages; Financial crisis (search for similar items in EconPapers)
JEL-codes: B22 (search for similar items in EconPapers)
Pages: 8 pages
Date: 2011-08
New Economics Papers: this item is included in nep-cba, nep-his, nep-hpe and nep-mon
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Citations: View citations in EconPapers (2)

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Journal Article: IRVING FISHER, DEBT DEFLATION, AND CRISES (2013)
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