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Introduction

In: In Defense of Deflation

Author

Listed:
  • Philipp Bagus

    (Universidad Rey Juan Carlos)

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.

Suggested Citation

  • Philipp Bagus, 2015. "Introduction," Financial and Monetary Policy Studies, in: In Defense of Deflation, edition 127, chapter 0, pages 1-4, Springer.
    • Handle: RePEc:spr:fimchp:978-3-319-13428-4_1
    DOI: 10.1007/978-3-319-13428-4_1
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