早在1911年,美国经济学家费雪(Irving Fisher)已提出了“货币的购买力”(Purchasing Power of Money)这一概念,指政策制订者须致力稳定广义的物价指数,而指数应包括股价、债价、物业价格,甚至于商品服务的价格。

Irving Fisher, The Purchasing Power of Money, its Determination and Relation to Credit, Interest and Crises [1911]

Edition Used: 本书是1922年New York: Macmillan出版社的修订版.
The Purchasing Power of Money, its Determination and Relation to Credit, Interest and Crises, by Irving Fisher, assisted by Harry G. Brown (New York: Macmillan, 1922). New and Revised Edition.
Author: Irving Fisher
Assistant: Harry G. Brown
About This Title:
A classic book by one of America’s greatest mathematical economists. Fisher states in the introduction that “The purpose of this book is to set forth the principles determining the purchasing power of money and to apply those principles to the study of historical changes in that purchasing power, including in particular the recent change in “the cost of living,” which has aroused world-wide discussion.”

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