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Journal des Économistes et des Études Humaines

Editor-in-Chief: Garello, Pierre

Ed. by Gentier, Antoine

CiteScore 2018: 0.14

SCImago Journal Rank (SJR) 2018: 0.107
Source Normalized Impact per Paper (SNIP) 2018: 0.013

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Volume 22, Issue 1


Volume 17 (2011)

Volume 16 (2010)

Volume 15 (2009)

The U.S. Monetary Policies Against the Great Recession of 2008: A Critique from the Deflationist Viewpoint of the Austrian School

Renaud Fillieule
  • Corresponding author
  • Faculté des sciences économiques et sociales, Université de Lille, CLERSÉ (UMR 8019), 59655 Villeneuve d’Ascq, France
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Published Online: 2016-06-23 | DOI: https://doi.org/10.1515/jeeh-2016-0007


Monetary and credit expansions have been the main tools used by the U.S. government and central bank to try and recover economically from the Great Recession of 2008. This paper expounds a radical criticism of these Keynesian policies, criticism developed by some contemporary economists of the Austrian School: the appropriate and fair remedy for this kind of crisis is not reflation but deflation.

Keywords: Great Recession; monetary policy; deflation; Austrian School of Economics

JEL: B53; E32; E52


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About the article

Published Online: 2016-06-23

Published in Print: 2016-07-01

Citation Information: Journal des Économistes et des Études Humaines, Volume 22, Issue 1, Pages 99–111, ISSN (Online) 2153-1552, ISSN (Print) 2194-5799, DOI: https://doi.org/10.1515/jeeh-2016-0007.

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