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Pigou effect. In DICTIOUS you will not only get to know all the dictionary meanings for the word
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English
Etymology
Coined by American economist Don Patinkin in 1948 after English economist Arthur Cecil Pigou.
Noun
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