English Explanatory Dictionary

Pigou effect

English dictionary entry

Meanings

noun
  1. The stimulation of output and employment caused by increasing consumption due to a rise in real balances of wealth, particularly during deflation.

Word forms

Pigou effect Pigou effects

Etymology

Coined by American economist Don Patinkin in 1948 after English economist Arthur Cecil Pigou.

This entry uses open data from Wiktionary (CC BY-SA/GFDL). Word forms are used for search and are not indexed as separate pages.
Back to search All on P Russian dictionary Dahl dictionary