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This book analyses the causes and consequences of deflation. In contrast to the widespread belief 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.

Boekdetails

Serie
Financial and Monetary Policy Studies
Ondertitel
Financial and Monetary Policy Studies
Formaat
Hardback
Uitgever
Springer International Publishing AG
Imprint
Springer International Publishing AG
Auteur
Philipp Bagus, Springer International Publishing AG, Springer International Publishing AG
ISBN-13
9783319134277
Verschijningsdatum
2015-01-15
Afmetingen
155 mm × 235 mm
Land van herkomst
NL

Hardback

In Defense of Deflation

door Philipp Bagus

€ 157,70
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