Pigou effect
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English[edit]
Etymology[edit]
Coined by Don Patinkin in 1948 after Arthur Cecil Pigou.
Noun[edit]
Pigou effect (plural Pigou effects)
- (economics) The stimulation of output and employment caused by increasing consumption due to a rise in real balances of wealth, particularly during deflation.
Further reading[edit]
- Pigou effect on Wikipedia.Wikipedia