Interest rates and inflation

Article, Preprint OPEN
John H. Wood;
(1981)
  • Subject: Quantitative Finance - General Finance

A relation between interest rates and inflation is presented using a two component economic model and a simple general principle. Preliminary results indicate a remarkable similarity to classical economic theories, in particular that of Wicksell.
  • References (12)
    12 references, page 1 of 2

    1Jko-n A. Carlson, " Short-Term Interest Rates as Predictors of Inflation: Comment," American Economic Review, vol. 67 (June 1977), pp. 469-75.

    2. William Douglass, A Discourse Concerning the Currencies of the British Plantations in America (S. Kneeland and T. Green, 1740). (Reprinted in 1897 for the American Economic Association by Macmillan, New York).

    3. Chilperic Edwards, The Hammurabi Code (Watts and Company, 1921).

    4. Eugene F. Fama, "Short-Term Interest Rates as Predictors of Inflation," American Economic Review, vol. 65 (June 1975), pp. 269-82.

    5. Irving Fisher, The Theory of Interest (Macmillan, 1930).

    6. William E. Gibson, "Price-Expectations Effects on Interest Rates," Journal of Finance, vol. 25 (March 1970), pp. 19-34.

    7. Douglas Joines, "Short-Term Interest Rates as Predictors of Inflation: Comment," American Economic Review, vol. 67 (June 1977), pp. 476-77.

    8. Charles R. Nelson and G. William Schwert, "Short-Term Interest Rates as Predictors of Inflation: On Testing the Hypothesis that the Real Rate of Interest is Constant," American Economic Review, vol. 67 (June 1977), pp. 478-86.

    9. John Rutledge, A Monetarist Model of Inflationary Expectations (D.C. Heath, 1974).

    10. Thomas J. Sargent, "Commodity Price Expectations and the Interest Rate," Quarterly Journal of Economics, vol. 83 (February 1969), pp. 127-40.

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