output gap

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output gap

[′au̇t‚pu̇t ‚gap]
(electronics)
An interaction gap by means of which usable power can be abstracted from an electron stream in a microwave tube.
References in periodicals archive ?
A priori reasoning indicates that the full opportunity cost must include the cost of malinvestment and the exacerbation of that misallocation resulting from an attempt to close the GDP gap.
After decomposition of real GDP into cyclical fluctuations, we can find the correlation between real GDP gap, monetary indicator and fiscal policy indicators.
5) This rule says that the interest rate should be set to equal one-and-a-half times the inflation rate plus one-half times the GDP gap plus one.
Scientist presented "The National Innovation System Concept" (1982) and defined the national innovation system as the network of institutions in both public and private sector, whose activities and interactions initiate, import, modify and disperse new technologies, but also stressed the need to take into account fluctuations of real GDP in the ratio with potential GDP, defined GDP gap indicator and drew attention to the fact that the economic imbalance of the equilibrium is based on the increased inflation, rising unemployment and related factors affecting the market.
The survey also asked whether the next WAG will be able to close Wales' GDP gap with the rest of the UK.
To compare the different business cycle patterns, we decompose real GDP into the sum of the GDP trend and the GDP gap.
The 2011 budget draft submitted to parliament foresees a 7 per cent of GDP gap, compared to 7.
The rationale behind such fiscal measures derives from a Keynesian theory that government spending should be used to cover the GDP gap (the difference between potential and actual gross domestic product) under certain economic conditions.
9 percent last week, the revised GDP gap narrowed by 0.
The persistent negative GDP gap and the leu exchange rate dynamics were conducive to the decline in consumer price inflation.
We define the information Set [OMEGA] as containing all relevant information available to the policymaker, which includes observations on inflation, the GDP gap, nominal exchange rate versus the US dollar or the real effective exchange rates, and broad M2 including foreign currency deposits, for the current and two most recent quarters.