Financial and Monetary Policy Studies

In Defense of Deflation

Authors: Bagus, Philipp

  • Analyses and explains the consequences of price deflation
  • Exposes the myths about deflation and explains the reasons for the deflation phobia
  • Offers a new interpretation of the US deflation in the second half of the 19th century and the German deflation during the Great Depression
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eBook 83,29 €
price for Spain (gross)
  • ISBN 978-3-319-13428-4
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover 103,99 €
price for Spain (gross)
  • ISBN 978-3-319-13427-7
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
  • The final prices may differ from the prices shown due to specifics of VAT rules
Softcover 103,99 €
price for Spain (gross)
  • ISBN 978-3-319-36676-0
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
  • The final prices may differ from the prices shown due to specifics of VAT rules
About this book

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.

Buy this book

eBook 83,29 €
price for Spain (gross)
  • ISBN 978-3-319-13428-4
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover 103,99 €
price for Spain (gross)
  • ISBN 978-3-319-13427-7
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
  • The final prices may differ from the prices shown due to specifics of VAT rules
Softcover 103,99 €
price for Spain (gross)
  • ISBN 978-3-319-36676-0
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
  • The final prices may differ from the prices shown due to specifics of VAT rules
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Bibliographic Information

Bibliographic Information
Book Title
In Defense of Deflation
Authors
Series Title
Financial and Monetary Policy Studies
Series Volume
41
Copyright
2015
Publisher
Springer International Publishing
Copyright Holder
Springer International Publishing Switzerland
eBook ISBN
978-3-319-13428-4
DOI
10.1007/978-3-319-13428-4
Hardcover ISBN
978-3-319-13427-7
Softcover ISBN
978-3-319-36676-0
Series ISSN
0921-8580
Edition Number
1
Number of Pages
XVII, 215
Number of Illustrations and Tables
14 b/w illustrations
Topics