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Output gap

The GDP gap or the output gap is the difference between actual GDP or actual output and potential GDP, in an attempt to identify the current economic position over the business cycle. The measure of output gap is largely used in macroeconomic policy (in particular in the context of EU fiscal rules compliance). The GDP gap is a highly criticized notion…

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Controversy on the EU's output gap measurements

Institute of International FinanceECOFIN meetingsDG ECFINMarco Buti
4 related topics

Calculation

Potential outputInflationary gapAggregate demandAggregate supplyInflation
7 related topics

Okun's law: the relationship between GDP gap and unemployment

Okun's lawCyclical unemploymentNatural rate of unemploymentRegression
4 related topics

Consequences of a large output gap

Temporary Assistance for Needy Families
1 related topics

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Overview

Calculation

Okun's law: the relationship between GDP gap and unemployment

Consequences of a large output gap

Controversy on the EU's output gap measurements

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Output gap

Nodes28
Edges27
Triples29
Avg. degree1.93
Density0.071429
Components1

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Output gap

Top relations

measured by · 15
Output gap → But, Critics, DG ECFIN, Director General, ECOFIN, European Commission, European Commission's, In September, Institute, International Finance, Italy, Mr Marco Buti, Output Gap Working Group, Robin Brooks, The
related to Consequences of a large output gap · 10
Output gap → Also, First, For, In, October, Second, September, Such, The United States, United States
related to Calculation · 3
Output gap → GDP, If, The
is a · 1
Output gap → difference between actual GDP or actual output and potential GDP

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Important terminology

gap output potential gdp unemployment actual particular large budget united rate labor market public workers economy economic data calculation okun's

Entity relationships Subject–Predicate–Object triples

SubjectPredicateObjectConfidenceSrc
Output gapis adifference between actual GDP or actual output and potential GDP0.90text
Output gapmeasured byThe0.60section
Output gapmeasured byEuropean Commission0.60section
Output gapmeasured byRobin Brooks0.60section
Output gapmeasured byInstitute0.60section
Output gapmeasured byInternational Finance0.60section
Output gapmeasured byOutput Gap Working Group0.60section
Output gapmeasured byECOFIN0.60section
Output gapmeasured byCritics0.60section
Output gapmeasured byItaly0.60section
Output gapmeasured byIn September0.60section
Output gapmeasured byEuropean Commission's0.60section

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