The Nonadjustment of Nominal Interest Rates: A Study of the Fisher Effect
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This paper critically re-examines theory and evidence on the relation- ship between interest rates and inflation. It concludes that there is no evidence that interest rates respond to inflation in the way that classical or Keynesian theories suggest, For the period 1860-1940, it does not appear that
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美国国家经济研究局创建时间：
1982-01-01
