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Interest rates, expectations, and the Wicksellian policy rule

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  • Thomas M. Humphrey

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

  • Thomas M. Humphrey, 1975. "Interest rates, expectations, and the Wicksellian policy rule," Working Paper 75-02, Federal Reserve Bank of Richmond.
    • Handle: RePEc:fip:fedrwp:75-02
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    References listed on IDEAS

    as
    1. Harrington, Richard, 1971. "The Monetarist Controversy," The Manchester School of Economic & Social Studies, University of Manchester, vol. 39(4), pages 269-292, December.
    2. Thomas J. Sargent, 1969. "Commodity Price Expectations and the Interest Rate," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 83(1), pages 127-140.
    3. Wicksell, Knut, 1907. "The Influence of the Rate of Interest on Prices," History of Economic Thought Articles, McMaster University Archive for the History of Economic Thought, vol. 17, pages 213-220.
    4. Tanner, J. Ernest, 1975. "A wicksellian indicator of monetary policy," Journal of Monetary Economics, Elsevier, vol. 1(2), pages 171-185, April.
    5. Laidler, David, 1972. "On Wicksell's Theory of Price Level Dynamics," The Manchester School of Economic & Social Studies, University of Manchester, vol. 40(2), pages 125-144, June.
    Full references (including those not matched with items on IDEAS)

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    Keywords

    Forecasting; Inflation (Finance);

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