Interest Rates, Expectations, and the Wicksellian Policy Rule
27 Pages Posted: 23 Aug 2012
Date Written: July 1, 1975
Abstract
Prominent among older theories of inflation is the view that a rising price level stems from a divergence between two rates of interest.
Suggested Citation: Suggested Citation
Humphrey, Thomas M., Interest Rates, Expectations, and the Wicksellian Policy Rule (July 1, 1975). FRB Richmond Working Paper No. 75-2, July 1, 1975, Available at SSRN: https://ssrn.com/abstract=2115894 or http://dx.doi.org/10.2139/ssrn.2115894
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