Journal Article

Fisherian and Wicksellian price-stabilization models in the history of monetary thought


Abstract: 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. Wicksells model, however, requires some adjustment before it can deliver price stability.

Access Documents

Authors

Bibliographic Information

Provider: Federal Reserve Bank of Richmond

Part of Series: Economic Review

Publication Date: 1990

Issue: May

Pages: 3-12

Order Number: v. 76. no. 3