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We’re one of 12 regional Federal Reserve Banks working together with the Board of Governors to support a healthy economy. Our job is to serve the American public — to serve you. And our mission is to foster economic stability and strength.

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We help ensure our financial system is operating safely and effectively, and we help support secure and efficient methods to transfer your funds through our financial system.
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We conduct research to support policymaking and thought leadership on issues important to the Federal Reserve and the Fifth District. We also inform the public through our data and economic analysis, publications, presentations and educational resources.

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Economic Review

May/Jun, 1990

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

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.

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Lisa Davis (804) 697-8179

Economic Review

May/Jun, 1990

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

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