In defense of deflation
著者
書誌事項
In defense of deflation
（Financial and monetary policy studies, v. 41）
Springer, c2015
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注記
Originally presented as the author's thesis (doctoral) -- Universidad Rey Juan Carlos, 2007
Includes bibliographical references (p. 197-206) and indexes
内容説明・目次
内容説明
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.
目次
Introduction.- Economic Theories of Deflation.- Causes of Deflation.- Consequences and Myths Concerning Deflation.- Two Historical Examples of Deflation.- Conclusion.
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