Pigou effect

From Wiktionary, the free dictionary
Jump to navigation Jump to search

English[edit]

Etymology[edit]

Coined by Don Patinkin in 1948 after Arthur Cecil Pigou.

Noun[edit]

Pigou effect (plural Pigou effects)

  1. (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]