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Economic Review

May/Jun, 1990

Fisherian and Wicksellian Price-Stabilization Models in the History of Monetary Thought

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The policy models of Irving Fisher and Knut Wicksell posit rules by which central banks can stabilize general prices at a fixed target level over time. Wicksell's model, however, requires some adjustment before it can deliver price stability.

David A. Price (804) 697-8018