{"created":"2023-06-20T15:03:01.558210+00:00","id":986,"links":{},"metadata":{"_buckets":{"deposit":"51d7aa65-3da4-46ec-a064-c87385d5b82f"},"_deposit":{"created_by":16,"id":"986","owners":[16],"pid":{"revision_id":0,"type":"depid","value":"986"},"status":"published"},"_oai":{"id":"oai:grips.repo.nii.ac.jp:00000986","sets":["1:18"]},"author_link":[],"item_12_description_22":{"attribute_name":"著者情報","attribute_value_mlt":[{"subitem_description":"https://www.grips.ac.jp/list/jp/facultyinfo/rhodes_james/","subitem_description_type":"Other"}]},"item_12_description_6":{"attribute_name":"抄録","attribute_value_mlt":[{"subitem_description":"In Appreciation and Interest Irving Fisher (1896) derived an equation connecting interest rates in any two standards of value. The original Fisher equation (OFE) was expressed in terms of the expected appreciation of money [percent change in E(1/P)] whereas the ubiquitous conventional Fisher equation (CFE) uses expected goods inflation [percent change in E(P)]. Since Jensen's inequality implies the non-equivalence of the two equations, the OFE is not subject to standard criticisms of non-rationality leveled against the CFE. The puzzling substitution of inflation for expected money appreciation in Fisher (1930) is resolved by taking into account Fisher's theory of “money illusion.”","subitem_description_type":"Abstract"}]},"item_12_description_7":{"attribute_name":"内容記述","attribute_value_mlt":[{"subitem_description":"JEL Classification Codes: E40, B00, B31","subitem_description_type":"Other"}]},"item_12_description_8":{"attribute_name":"分野","attribute_value_mlt":[{"subitem_description":"経済学 / Economics","subitem_description_type":"Other"}]},"item_12_identifier_registration":{"attribute_name":"ID登録","attribute_value_mlt":[{"subitem_identifier_reg_text":"10.24545/00000986","subitem_identifier_reg_type":"JaLC"}]},"item_12_publisher_12":{"attribute_name":"出版者","attribute_value_mlt":[{"subitem_publisher":"GRIPS Policy Research Center ","subitem_publisher_language":"en"}]},"item_12_relation_16":{"attribute_name":"関連サイト","attribute_value_mlt":[{"subitem_relation_name":[{"subitem_relation_name_text":"https://ideas.repec.org/p/ngi/dpaper/08-04.html"}],"subitem_relation_type":"isIdenticalTo","subitem_relation_type_id":{"subitem_relation_type_id_text":"https://ideas.repec.org/p/ngi/dpaper/08-04.html","subitem_relation_type_select":"URI"}}]},"item_12_text_10":{"attribute_name":"発行年","attribute_value_mlt":[{"subitem_text_value":"2008-06"}]},"item_12_text_5":{"attribute_name":"著者所属","attribute_value_mlt":[{"subitem_text_value":"政策研究大学院大学 / National Graduate Institute for Policy Studies"}]},"item_1693541285410":{"attribute_name":"書誌情報","attribute_value_mlt":[{"bibliographicIssueDates":{"bibliographicIssueDate":"2008-06-01","bibliographicIssueDateType":"Issued"},"bibliographicVolumeNumber":"DP08-04","bibliographic_titles":[{"bibliographic_title":"GRIPS Discussion Papers","bibliographic_titleLang":"en"}]}]},"item_creator":{"attribute_name":"著者","attribute_type":"creator","attribute_value_mlt":[{"creatorNames":[{"creatorName":"RHODES, James R.","creatorNameLang":"en"}]}]},"item_files":{"attribute_name":"ファイル情報","attribute_type":"file","attribute_value_mlt":[{"accessrole":"open_access","filename":"DP08-04.pdf","filesize":[{"value":"291.1 kB"}],"format":"application/pdf","licensetype":"license_note","mimetype":"application/pdf","url":{"label":"DP08-04","url":"https://grips.repo.nii.ac.jp/record/986/files/DP08-04.pdf"},"version_id":"3a095647-8560-46eb-9b0f-1fd153cfd973"}]},"item_keyword":{"attribute_name":"キーワード","attribute_value_mlt":[{"subitem_subject":"Fisher equation","subitem_subject_scheme":"Other"},{"subitem_subject":"Fisher hypothesis","subitem_subject_scheme":"Other"},{"subitem_subject":"Fisher effect","subitem_subject_scheme":"Other"},{"subitem_subject":"money illusion","subitem_subject_scheme":"Other"},{"subitem_subject":"nominal interest rate","subitem_subject_scheme":"Other"},{"subitem_subject":"purchasing power of money","subitem_subject_scheme":"Other"},{"subitem_subject":"value of money","subitem_subject_scheme":"Other"}]},"item_language":{"attribute_name":"言語","attribute_value_mlt":[{"subitem_language":"eng"}]},"item_resource_type":{"attribute_name":"資源タイプ","attribute_value_mlt":[{"resourcetype":"technical report"}]},"item_title":"DEVOLUTION OF THE FISHER EQUATION: Rational Appreciation to Money Illusion","item_titles":{"attribute_name":"タイトル","attribute_value_mlt":[{"subitem_title":"DEVOLUTION OF THE FISHER EQUATION: Rational Appreciation to Money Illusion","subitem_title_language":"en"}]},"item_type_id":"12","owner":"16","path":["18"],"pubdate":{"attribute_name":"PubDate","attribute_value":"2008-06-01"},"publish_date":"2008-06-01","publish_status":"0","recid":"986","relation_version_is_last":true,"title":["DEVOLUTION OF THE FISHER EQUATION: Rational Appreciation to Money Illusion"],"weko_creator_id":"16","weko_shared_id":-1},"updated":"2023-11-20T08:56:41.580737+00:00"}