Pigou effect en · NOUN
Etymology
Coined by American economist Don Patinkin in 1948 after English economist Arthur Cecil Pigou.
Meanings
- The stimulation of output and employment caused by increasing consumption due to a rise in real balances of wealth, particularly during deflation.
Forms
| Spelling | Features | Labels | Source |
|---|---|---|---|
| Pigou effects | Number=Plur | lexicographic |