Retrospectives : Irving Fisher's "Appreciation and interest" (1896) and the Fisher relation

Irving Fisher's monograph Appreciation and interest (1896) proposed his famous equation showing expected inflation as the difference between nominal interest and real interest rates. In addition, he drew attention to insightful remarks and numerical examples scattered through the earlier literature, and he derived results ranging from the uncovered interest arbitrage parity condition between currencies to the expectations theory of the term structure of interest rates. (...