Explore how aggregate demand and GDP connect and differ, using insights from Keynesian economics to understand macroeconomic principles.

Discover how demand-side economics supports economic growth through government intervention and increased aggregate demand. Learn key concepts and real-world policy examples.

It has been more than 80 years since the beginning of the Keynesian revolution in economics with the publication of John Maynard Keynes’ The General Theory of Employment, Interest, and Money in 1936.

Sovereign debt crises coincide with deep recessions. I propose a model of sovereign debt that rationalizes large contractions in economic activity via an aggregate-demand amplification mechanism. The ...