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In Defense of Deflation

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In Defense of Deflation

紀錄類型:	書目-語言資料,印刷品 : Monograph/item
正題名/作者:	In Defense of Deflation/ by Philipp Bagus.
作者:	Bagus, Philipp.
面頁冊數:	XVII, 215 p. 14 illus.online resource. :
Contained By:	Springer Nature eBook
標題:	Macroeconomics. -
電子資源:	https://doi.org/10.1007/978-3-319-13428-4
ISBN:	9783319134284

In Defense of Deflation
Bagus, Philipp.

In Defense of Deflation[electronic resource] /by Philipp Bagus. - 1st ed. 2015. - XVII, 215 p. 14 illus.online resource. - Financial and Monetary Policy Studies,410921-8580 ;. - Financial and Monetary Policy Studies,40.

Introduction -- Economic Theories of Deflation -- Causes of Deflation -- Consequences and Myths Concerning Deflation -- Two Historical Examples of Deflation -- Conclusion.

This book analyses the causes and consequences of deflation. In contrast to the widespread believe that deflation would be harmful to the economy as a whole, the author argues that free market deflation is liberating and beneficial. Several myths of deflation are exposed and the reasons for the widespread deflation phobia that serves to justify expansionary monetary policy, i.e., inflation are investigated. Two historical case studies, the growth deflation in the US after the Civil War and the bank credit deflation in Germany during the Great Depression are discussed to illustrate the points made in the theoretical analysis of deflation.

ISBN: 9783319134284

Standard No.: 10.1007/978-3-319-13428-4doiSubjects--Topical Terms:

554837
Macroeconomics.

LC Class. No.: HB172.5

Dewey Class. No.: 339

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