TY  - BOOK
AU  - Bagus,Philipp
ED  - SpringerLink (Online service)
TI  - In Defense of Deflation
T2  - Financial and Monetary Policy Studies,
SN  - 9783319134284
AV  - HB172.5 
U1  - 339 23
PY  - 2015///
CY  - Cham
PB  - Springer International Publishing, Imprint: Springer
KW  - Macroeconomics
KW  - Economic policy
KW  - Economics
KW  - Macroeconomics/Monetary Economics//Financial Economics
KW  - Economic Policy
N1  - Introduction -- Economic Theories of Deflation -- Causes of Deflation -- Consequences and Myths Concerning Deflation -- Two Historical Examples of Deflation -- Conclusion
N2  - 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
UR  - http://dx.doi.org/10.1007/978-3-319-13428-4
ER  -