Sunday , February 5 2023
Home / Tag Archives: Tooke

Tag Archives: Tooke

Latin American corner: Neo Fisherism, New Keynesianism and monetary policy in Latin America (II)

By Naked Keynes (Anonymous Guest Blogger)The positive relationship between nominal interest rates and inflation is not a new stylized fact in economic theory. In the 19th Century Thomas Tooke (1774-1858) considered it a general rule illustrated by the data presented in his History of Prices and the State of Circulation, 1792-1856 (published over the period 1838-1857). Tooke rationalized the positive relationship between inflation and interest rates by postulating that the interest rate...

Read More »