Additional "Neo-Fisher Effect" Reading

Additional reading if anyone is interested.

https://www.columbia.edu/~mu2166/neoFisher/uribe_AEJ_macro_2022.pdf

"In this paper, I provide empirical evidence drawn from an empirical and an optimizing model in favor of the hypothesis that a gradual and permanent increase in the nominal interest rate leads to a quick and monotonic adjustment of inflation to a permanently higher level, low real interest rates, and no output loss. Put differently, implementing an increase in the inflation target requires gradually rising rates and causes a rising path of inflation.

Taken together, the findings reported in this paper are consistent with the neo-Fisherian prediction that a credible announcement of a gradual return of the nominal interest rate from the vicinity of zero to historically normal levels can achieve a swift reflation of the economy with sustained levels of economic activity."

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Additional "Neo-Fisher Effect" Reading