stagflation
English edit
Etymology edit
Blend of stagnation + inflation, generally attributed to British politician Iain Macleod who used it in a 1965 speech (see quotations).[1]
Pronunciation edit
Noun edit
stagflation (countable and uncountable, plural stagflations)
- (economics) Inflation accompanied by stagnant growth, unemployment or recession.
- 1965 November 17, Iain Macleod, “Economic Affairs”, in parliamentary debates (Commons)[2], column 1165:
- We now have the worst of both worlds —not just inflation on the one side or stagnation on the other, but both of them together. We have a sort of "stagflation" situation and history in modern terms is indeed being made. There is another point behind the figures. As I say, production has fallen by 1 per cent. or ½per cent.
- 1982, Mancur Olson, The Rise and Decline of Nations, Yale University Press, →ISBN, page 8:
- As soon as we understand how involuntary unemployment can result from rational and well-informed individual behavior, it also becomes obvious how inflation and unemployment—which we once thought could not occur simultaneously—can be combined, as they have been in the recent stagflation.
- 1995, Anthony S. Campagna, Economic Policy in the Carter Administration[3], page 204:
- Since no one had the solutions to stagflation, Carter, a fiscal conservative from the beginning, was thrown back to his personal bias and chose to elevate inflation to the nation's most pressing problem.
- 2013, George R. Tyler, What Went Wrong: The Big Picture: How the 1% Hijacked the American Middle Class … and What Other Countries Got Right, BenBella Books, Inc., →ISBN:
- Moving into the mid-1970s, America's economic performance suffered. Stagflation—inflation combined with minimal economic growth—eroded wages and profits, weakening business and consumer confidence.
- 2023 June 17, Chris Giles, Delphine Strauss, “Britain's economic malaise”, in FT Weekend, page 6:
- The UK economy is suffering a nasty bout of stagflation and the prospects appear poor. That is the conclusion financial markets drew this week from yet more disappointing data, highlighting the weakness of the post-Covid economy and the persistence of high inflation.
Derived terms edit
Translations edit
inflation accompanied by stagnant growth
|
References edit
- “stagflation”, in OneLook Dictionary Search.
- ^ Olga Kornienko, Grinin L, Ilyin I, Herrmann P, Korotayev A (2016) “Social and Economic Background of Blending”, in Globalistics and Globalization Studies: Global Transformations and Global Future[1], Volgograd: Uchitel Publishing House, →ISBN, pages 220–225
French edit
Etymology edit
From the verb stagner and the noun inflation.
Pronunciation edit
- IPA(key): /staɡ.fla.sjɔ̃/
Audio (file) - Homophone: stagflations
Noun edit
stagflation f (plural stagflations)
Further reading edit
- “stagflation”, in Trésor de la langue française informatisé [Digitized Treasury of the French Language], 2012.
Swedish edit
Etymology edit
Blend of stagnation + inflation, probably influenced by English stagflation.
Pronunciation edit
Noun edit
stagflation c (countable and uncountable)
Declension edit
| Declension of stagflation | ||||
|---|---|---|---|---|
| Singular | Plural | |||
| Indefinite | Definite | Indefinite | Definite | |
| Nominative | stagflation | stagflationen | stagflationer | stagflationerna |
| Genitive | stagflations | stagflationens | stagflationers | stagflationernas |