02942nam 22006255 450 991029849360332120200919141323.03-319-13428-010.1007/978-3-319-13428-4(CKB)3710000000324627(EBL)1968024(OCoLC)908088669(SSID)ssj0001407894(PQKBManifestationID)11806467(PQKBTitleCode)TC0001407894(PQKBWorkID)11411606(PQKB)11469797(DE-He213)978-3-319-13428-4(MiAaPQ)EBC1968024(PPN)18315312X(EXLCZ)99371000000032462720141226d2015 u| 0engur|n|---|||||txtccrIn Defense of Deflation[electronic resource] /by Philipp Bagus1st ed. 2015.Cham :Springer International Publishing :Imprint: Springer,2015.1 online resource (228 p.)Financial and Monetary Policy Studies,0921-8580 ;41Description based upon print version of record.3-319-13427-2 Includes bibliographical references and indexes.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.Financial and Monetary Policy Studies,0921-8580 ;41MacroeconomicsEconomic policyMacroeconomics/Monetary Economics//Financial Economicshttps://scigraph.springernature.com/ontologies/product-market-codes/W32000Economic Policyhttps://scigraph.springernature.com/ontologies/product-market-codes/W34010Macroeconomics.Economic policy.Macroeconomics/Monetary Economics//Financial Economics.Economic Policy.330332338.9339Bagus Philippauthttp://id.loc.gov/vocabulary/relators/aut1064030BOOK9910298493603321In Defense of Deflation2535937UNINA