One of the first economists to statistically analyze the relationship between inflation and nominal interest rates was

Question

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Irving Fisher was one of the pioneers in the field of monetary economics and was the first economist to formulate the equation of exchange which relates the quantity of money, velocity of money, price level, and transactions. He also introduced the concept of real interest rates and conducted statistical analysis on the relationship between inflation and nominal interest rates, known as the Fisher effect.

One of the First Economists to Statistically Analyze the Relationship