Keynesian economics dominated economic theory and policy after World War II until the 1970s, when many advanced economies suffered both inflation and slow growth, a condition dubbed “stagflation.” ...

Keynesian economics comes from economist John Maynard Keynes, author of the 1936 book "The General Theory of Employment, Interest and Money." Keynes believed the government could manage demand to ...

In other words, military expenditure is seen by policymakers as a form of Keynesian pump priming. This is a neat argument used by European policymakers desperate to persuade their electorates to ...

MOVING WALL The "moving wall" represents the time period between the last issue available in JSTOR and the most recently published issue of a journal. Moving walls are generally represented in years.

Join us for the 2025 Economica-Phillips Lecture which will be delivered by Valerie Ramey. Starting in the 1930s, Keynesian fiscal stimulus was the leading policy tool for fighting recessions, but it ...