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

Robert Dimand and Rebeca Gomez Betancourt

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Abstract: 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. (...)

Keywords: Irving Fisher; interest rates; Appreciation and interest; history of economic thought (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (5)

Published in Journal of Economic Perspectives, 2012, 26 (4), pp.185-196. ⟨10.1257/jep.26.4.185⟩

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Journal Article: Retrospectives: Irving Fisher's Appreciation and Interest (1896) and the Fisher Relation (2012)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-00749692

DOI: 10.1257/jep.26.4.185

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