The main plank of Keynes’s theory, which has come to bear his name, is the assertion that aggregate demand—measured as the sum of spending by households, businesses, and the government—is the most ...

Demand-pull inflation is an increase in aggregate demand. "Aggregate" means all four sections of the economy: households, businesses, governments, and foreign buyers. Cost-push inflation and ...

However, I’m not willing to simply say I am wrong – not yet anyway. Soft landings (and indeed, all economic phases) are driven by changes in aggregate demand. Demand-driven inflation is still as hard ...