Introduction

Philipp Bagus

Chapter Chapter 1 in In Defense of Deflation, 2015, pp 1-4 from Springer

Abstract: Abstract Traditionally, inflation has been the focus of economics. A myriad of articles, books, and papers have been written about the costs, benefits, consequences, and causes of inflation. In contrast to inflation, which constitutes an important part of nearly every monetary theory textbook, deflation is still neglected. At times, deflation is not even mentioned in monetary theory textbooks, and at other times, it is merely defined as the reverse of inflation in a chapter about inflation.

Keywords: Monetary Policy; Money Supply; European Central Bank; Price Inflation; Federal Open Market Committee (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:spr:fimchp:978-3-319-13428-4_1

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DOI: 10.1007/978-3-319-13428-4_1

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