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#pigou_effect

Pigou effect

Economic phenomenon and term by Arthur Cecil Pigou

In economics, the Pigou effect is the stimulation of output and employment caused by increasing consumption due to a rise in real balances of wealth, particularly during deflation. The term was named after Arthur Cecil Pigou by Don Patinkin in 1948.

Fri 28th

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Pigou effect Arthur Cecil Pigou Keynes effect List of effects Aggregate demand Wealth elasticity of demand Liquidity trap Helicopter money Pigouvian tax Sailing ship effect
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