JEL code E
Macroeconomics and monetary economics
What drives growth, inflation, unemployment and the cycle?
Emerged 1936
Keynes's General Theory introduced aggregate demand, the sum of consumption, investment and government spending, to explain mass unemployment.
SourceEconLib, Concise Encyclopedia of Economics: John Maynard Keynes (opens in a new tab)
An example
The 2026 Nobel (Hall and Woodford) was for how micro-level decisions shape stabilisation policy.