LEADER 02942nam 22006255 450 001 9910298493603321 005 20200919141323.0 010 $a3-319-13428-0 024 7 $a10.1007/978-3-319-13428-4 035 $a(CKB)3710000000324627 035 $a(EBL)1968024 035 $a(OCoLC)908088669 035 $a(SSID)ssj0001407894 035 $a(PQKBManifestationID)11806467 035 $a(PQKBTitleCode)TC0001407894 035 $a(PQKBWorkID)11411606 035 $a(PQKB)11469797 035 $a(DE-He213)978-3-319-13428-4 035 $a(MiAaPQ)EBC1968024 035 $a(PPN)18315312X 035 $a(EXLCZ)993710000000324627 100 $a20141226d2015 u| 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aIn Defense of Deflation$b[electronic resource] /$fby Philipp Bagus 205 $a1st ed. 2015. 210 1$aCham :$cSpringer International Publishing :$cImprint: Springer,$d2015. 215 $a1 online resource (228 p.) 225 1 $aFinancial and Monetary Policy Studies,$x0921-8580 ;$v41 300 $aDescription based upon print version of record. 311 $a3-319-13427-2 320 $aIncludes bibliographical references and indexes. 327 $aIntroduction -- Economic Theories of Deflation -- Causes of Deflation -- Consequences and Myths Concerning Deflation -- Two Historical Examples of Deflation -- Conclusion. 330 $aThis book analyses the causes and consequences of deflation. In contrast to the widespread believe that deflation would be harmful to the economy as a whole, the author argues that free market deflation is liberating and beneficial. Several myths of deflation are exposed and the reasons for the widespread deflation phobia that serves to justify expansionary monetary policy, i.e., inflation are investigated. Two historical case studies, the growth deflation in the US after the Civil War and the bank credit deflation in Germany during the Great Depression are discussed to illustrate the points made in the theoretical analysis of deflation. 410 0$aFinancial and Monetary Policy Studies,$x0921-8580 ;$v41 606 $aMacroeconomics 606 $aEconomic policy 606 $aMacroeconomics/Monetary Economics//Financial Economics$3https://scigraph.springernature.com/ontologies/product-market-codes/W32000 606 $aEconomic Policy$3https://scigraph.springernature.com/ontologies/product-market-codes/W34010 615 0$aMacroeconomics. 615 0$aEconomic policy. 615 14$aMacroeconomics/Monetary Economics//Financial Economics. 615 24$aEconomic Policy. 676 $a330 676 $a332 676 $a338.9 676 $a339 700 $aBagus$b Philipp$4aut$4http://id.loc.gov/vocabulary/relators/aut$01064030 906 $aBOOK 912 $a9910298493603321 996 $aIn Defense of Deflation$92535937 997 $aUNINA