Economic Review

May/Jun, 1990

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

Thomas M. Humphrey

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.

Our Research Focus: Inflation and Monetary Policy

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