The story
Coined in 2014 by Simon Wren-Lewis. Compound of media + macro (“macroeconomics”).
Etymology from Wiktionary, CC BY-SA 4.0.
mediamacro
Today it means: A narrative or set of beliefs promulgated as factual by news media that distorts macroeconomic consensus, e.g. often presenting the (total) government deficit as a prime economic indicator and invoking analogies between governments and households on debt. Full definition →