The Fisher Relation in the Great Depression and the Great Recession

The Fisher relation played a very different role in debates surrounding the Great Depression and the more recent Great Recession. This paper explores some of these differences, and suggests an explanation for them derived from a sketch of the idea's evolution between the two events, thus providing a brief case study of the interaction of economic ideas and economic events that is a central feature of the History of Economic Thought.

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Year of publication:	2013
Authors:	Laidler, David
Publisher:	London (Ontario) : The University of Western Ontario, Economic Policy Research Institute (EPRI)
Subject:	interest rates \| nominal vs. real \| Inflation \| deflation \| expectations \| depression \| recession \| Keynesian economics \| monetarism \| monetary policy

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Series:	EPRI Working Paper ; 2013-2
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	737816589 [GVK] hdl:10419/70277 [Handle]
Classification:	B22 - Macroeconomics ; b26 ; E31 - Price Level; Inflation; Deflation ; E32 - Business Fluctuations; Cycles ; E43 - Determination of Interest Rates; Term Structure Interest Rates
Source:	EconStor

Persistent link: https://www.econbiz.de/10010291897