In Defense of Deflation
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 wides...
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| Định dạng: | Sách |
| Ngôn ngữ: | English |
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Springer
2015
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| Truy cập trực tuyến: | https://scholar.dlu.edu.vn/thuvienso/handle/DLU123456789/59213 |
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oai:scholar.dlu.edu.vn:DLU123456789-592132023-11-11T06:32:02Z In Defense of Deflation Bagus, Philipp Economic policy Finance Economics Business Deflation 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. 2015-11-24T08:22:33Z 2015-11-24T08:22:33Z 2015 Book 978-3-319-13428-4 978-3-319-13427-7 https://scholar.dlu.edu.vn/thuvienso/handle/DLU123456789/59213 en application/pdf Springer |
| institution |
Thư viện Trường Đại học Đà Lạt |
| collection |
Thư viện số |
| language |
English |
| topic |
Economic policy Finance Economics Business Deflation |
| spellingShingle |
Economic policy Finance Economics Business Deflation Bagus, Philipp In Defense of Deflation |
| description |
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. |
| format |
Book |
| author |
Bagus, Philipp |
| author_facet |
Bagus, Philipp |
| author_sort |
Bagus, Philipp |
| title |
In Defense of Deflation |
| title_short |
In Defense of Deflation |
| title_full |
In Defense of Deflation |
| title_fullStr |
In Defense of Deflation |
| title_full_unstemmed |
In Defense of Deflation |
| title_sort |
in defense of deflation |
| publisher |
Springer |
| publishDate |
2015 |
| url |
https://scholar.dlu.edu.vn/thuvienso/handle/DLU123456789/59213 |
| _version_ |
1782538186827759616 |