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Inflationary Gap

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The New Palgrave Dictionary of Economics

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Abstract

This term originates from the analysis of inflation put forward by Keynes in How to Pay for the War (1940). If there is a gap between the level of aggregate demand for goods and services and the quantity of available supply, then this will cause inflation.

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Bibliography

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Author information

Authors and Affiliations

  1. http://link.springer.com/referencework/10.1007/978-1-349-95121-5

    David Vines

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  1. David Vines
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© 2018 Macmillan Publishers Ltd.

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Cite this entry

Vines, D. (2018). Inflationary Gap. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_1140

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