The GDP framework and the output gap are an abstraction that does little more than provide justification for the interventions of government officials. According to popular thinking, the key cause ...

In August 2020, the Congressional Budget Office projected a wide 6.6 percentage point gulf between actual and potential GDP in 2020. The CBO also in August 2020, projected that the output gap would ...

Simply sign up to the Global Economy myFT Digest -- delivered directly to your inbox. The output gap is a concept we got familiar with during the global financial crisis. But it’s time to revisit it, ...

Get your news from a source that’s not owned and controlled by oligarchs. Sign up for the free Mother Jones Daily. “Potential GDP” is the size of the American economy if it’s running at full steam.

WITH Singapore's output gap - the difference between actual and potential GDP - perceived to be wider than originally expected, ANZ economist Glenn Maguire believes the ongoing environment of negative ...

The output gap and the pace at which it would close has been the main difference of opinion between the proponents of a cut in policy rates and those that desire a pause within the monetary policy ...

I want to show you something. This goes to the heart of Australia's macro-economic management. It determines the quality of life of millions of us, and the forecasts in the federal budget, but few ...

We argue that in an economy with downward nominal wage rigidity, the output gap is negative on average. Because it is more difficult to cut wages than to increase them, firms reduce employment more ...

The U.S. economy will perform well below potential in 2021, according to the Congressional Budget Office outlook issued Monday. The output gap – the difference between gross domestic product as ...

It used to think that inflation was due in large part to an output gap - the difference between actual output and potential. When output was well below potential, it thought, inflation would fall. And ...

The output gap measures how far the economy is from its full employment or “potential” level that depends on supply-side factors of the economy: the supply of workers and their productivity. During a ...

Simply sign up to the Global Economy myFT Digest -- delivered directly to your inbox. The output gap is a concept we got familiar with during the global financial crisis. But it’s time to revisit it, ...