stagflation
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English
[edit]Etymology
[edit]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
[edit]- (Received Pronunciation) IPA(key): /ˌstæɡˈfleɪʃn̩/
Audio (Southern England): (file) - (General American) IPA(key): /ˌstæɡˈfleɪʃ(ə)n/
- Rhymes: -eɪʃən
- Hyphenation: stag‧flat‧ion
Noun
[edit]stagflation (countable and uncountable, plural stagflations)
- (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.
- 2024 October 30, Laurent Belsie, “Surprisingly, Wall Street doesn’t seem to care who gets elected. So far, at least.”, in The Christian Science Monitor[3]:
- “[Donald Trump's tariff proposal] is a prescription for the mother of all stagflations,” Larry Summers, Treasury secretary during the Clinton administration, told Bloomberg TV back in June.
Derived terms
[edit]Descendants
[edit]- → Russian: стагфляция (stagfljacija)
Translations
[edit]prolonged high inflation accompanied by stagnant growth
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See also
[edit]References
[edit]- ^ “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
[edit]
stagflation on Wikipedia.Wikipedia - “stagflation”, in OneLook Dictionary Search.
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
Derived terms
[edit]See also
[edit]References
[edit]Categories:
- English terms derived from Proto-Indo-European
- English terms derived from the Proto-Indo-European root *steh₂g-
- English terms derived from the Proto-Indo-European root *bʰleh₁- (blow)
- English blends
- English coinages
- English 3-syllable words
- English terms with IPA pronunciation
- English terms with audio pronunciation
- Rhymes:English/eɪʃən
- Rhymes:English/eɪʃən/3 syllables
- English lemmas
- English nouns
- English uncountable nouns
- English countable nouns
- en:Economics
- English terms with quotations
- French 3-syllable words
- French terms with IPA pronunciation
- French terms with audio pronunciation
- French terms with homophones
- French lemmas
- French nouns
- French countable nouns
- French feminine nouns
- Swedish blends
- Swedish terms with IPA pronunciation
- Rhymes:Swedish/uːn
- Rhymes:Swedish/uːn/3 syllables
- Swedish lemmas
- Swedish nouns
- Swedish common-gender nouns
- Swedish countable nouns
- Swedish uncountable nouns
- sv:Economics