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.
Produktkennzeichnungen
ISBN-10
3319134272
ISBN-13
9783319134277
eBay Product ID (ePID)
205915738
Produkt Hauptmerkmale
Produktart
Lehrbuch
Sprache
Englisch
Anzahl der Seiten
Xvii Seiten
Verlag
Springer-Verlag Gmbh, Springer International Publishing
Publikationsname
In Defense of Deflation
Autor
Philipp Bagus
Format
Gebundene Ausgabe
Erscheinungsjahr
2015
Zusätzliche Produkteigenschaften
Hörbuch
No
Inhaltsbeschreibung
Book
Item Length
24cm
Item Height
1cm
Item Width
16cm
Nummer Innerhalb der Serie
41
Buchreihe
Financial And Monetary Policy Studies
Item Weight
524g
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