Irving Fisher and Price-Level Targeting in Austria: Was Silver the Answer?
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https://www.nber.org/papers/w17123
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The question of price level versus inflation targeting remains controversial. Disagreement concerns, not so much the desirability of price stability, but rather the means of achieving it. Irving Fisher argued for a commodity dollar standard where the purchasing power of money was fixed by indexing
提供机构：
美国国家经济研究局
创建时间：
2011-06-01
