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- Title
A Note on Push–Pull Analysis in Macroeconomics.
- Authors
Kyer, Ben L.; Maggs, Gary E.
- Abstract
More specifically, increases in the price level are normally classified as being either demand-pull inflation or cost-push inflation. It follows that demand-pull inflation is the aggregate demand force pulling the price level rightward, higher, and toward buyers, as shown with arrow 2 in Online Supplemental Appendix Fig. According to George Perry ( I The New Palgrave Dictionary of Economics, i 2008), the name demand-pull inflation originated within the Keynesian model of the macroeconomy while the concept of cost-push inflation arose after World War II.
- Subjects
MACROECONOMICS; ECONOMIC models; GROSS domestic product; AGGREGATE demand; PRICE deflation
- Publication
Atlantic Economic Journal, 2021, Vol 49, Issue 3, p327
- ISSN
0197-4254
- Publication type
Article
- DOI
10.1007/s11293-021-09726-1