Wiktionary

stagflation

English

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WOTD – 17 November 2024

Etymology

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Blend of stagnation +‎ inflation,[1] generally thought to have been coined by the British politician Iain Macleod (1913–1970) in a 17 November 1965 parliamentary speech: see the quotation.

Pronunciation

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Noun

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stagflation (countable and uncountable, plural stagflations)

  1. (economics) Prolonged high inflation accompanied by stagnant growth, often with recession and high unemployment. [from 1965]
    Coordinate terms: (humorous) Bidenflation, biflation, deflation, hyperinflation, mixflation, slumpflation
    • 1965 November 17, Iain Macleod, “Economic Affairs”, in Parliamentary Debates (Hansard): House of Commons Official Report (House of Commons of the United Kingdom)‎[1], volume 720, London: Her Majesty’s Stationery Office, →ISSN, →OCLC, archived from the original on 2024-04-27, 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 ½ per cent.
    • 1982, Mancur Olson, “The Questions, and the Standards a Satisfactory Answer Must Meet”, in The Rise and Decline of Nations: Economic Growth, Stagflation, and Social Rigidities, New Haven, Conn.] London: 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, “Conclusions and Legacy”, in Economic Policy in the Carter Administration (Contributions in Economics and Economic History; no. 171), Westport, Conn.; London: Greenwood Press, →ISBN, →ISSN, page 204:
      Since no one had the solutions to stagflation, [Jimmy] 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. […] More radical solutions to stagflation, such as direct wage and price controls or voluntary wage freezes to halt the wage/price spiral, were not thought to be socially acceptable. So, in the end the administration acquiesced to monetary stringency and watched its tenure recede.
    • 2013, George R. Tyler, “Facing Reality”, in What Went Wrong: How the 1% Hijacked the American Middle Class … and What Other Countries Got Right, Dallas, Tex.: BenBella Books, →ISBN, section 1 (The Beginning), page 4:
      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 Roula Khalaf, editor, FT Weekend‎[2], London: Financial Times, →ISSN, →OCLC, archived from the original on 2023-06-21, 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

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Translations

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See also

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References

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  1. ^ “stagflation, n.”, in OED Online  ⁠, Oxford, Oxfordshire: Oxford University Press, July 2023; “stagflation, n.”, in Lexico, Dictionary.com; Oxford University Press, 2019–2022.

Further reading

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French

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Etymology

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From the verb stagner and the noun inflation.

Pronunciation

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Noun

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stagflation f (plural stagflations)

  1. stagflation

Further reading

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Swedish

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Swedish Wikipedia has an article on:
Wikipedia sv

Etymology

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Blend of stagnation +‎ inflation, probably influenced by English stagflation.

Pronunciation

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  • IPA(key): /staɡflaˈɧuːn/
  • Hyphenation: stag‧fla‧tion
  • Rhymes: -uːn

Noun

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stagflation c (countable and uncountable)

  1. (economics) stagflation

Declension

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Declension of stagflation 
Singular Plural
Indefinite Definite Indefinite Definite
Nominative stagflation stagflationen stagflationer stagflationerna
Genitive stagflations stagflationens stagflationers stagflationernas

Derived terms

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See also

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References

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