Keynes effect

From Wiktionary, the free dictionary
Jump to navigation Jump to search

English

[edit]

Etymology

[edit]

Named after English economist John Maynard Keynes.

Noun

[edit]

Keynes effect (plural Keynes effects)

  1. (economics) The phenomenon in which a decrease in price level leads to a decrease in interest rates, provided there's no liquidity trap or interest-unresponsive expenditure.

Further reading

[edit]