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 ?
Lithuania's accession to the EU, due to Cohesion Policy, has reached significant economic changes in 2004, with a GDP gap narrowing by almost a quarter to the EU average, and after the financial crisis, the Baltic States joined the euro area.
We heard the GDP gap between us and North Korea is 20 times, and we don't want to pay more taxes to fix them up.
He emphasized the need for providing more autonomy to National Savings in order to minimize the Savings to GDP gap by utilizing technology-driven solutions to meet requirements of modern times.
According to an estimate by the OECD, although the GDP gap in OECD member countries has gradually been turning toward the positive column, it was still in the negative column, at -1.
As for the other variables, Euro Area Inflation in Local Currency has a negative, and almost always significant effect on the output gap; meanwhile, as expected, real GDP gap is significantly lower on average after 2008:QIII, as a result of the Great Recession.
Although most banks have considerably higher capital than global standard, a widening credit-to GDP gap combined with the fact that the credit-to-GDP ratio is high compared with peers indicates that the CCB would help mitigate vulnerabilities.
The typical measure of the opportunity costs of idle resources is the GDP gap.
In all of the following regressions, the GDP gap is the log deviation of GDP from trend GDP, where trend GDP is calculated via a standard ([lambda] = 1,600) Hodrick-Prescott filter.
But it seems the actual growth will underperform its potential, as a minus GDP gap is forecast to continue.
Regarding monetary policy, a negative relation is observed between nominal interest rate and GDP gap, which shows that the monetary authorities adopt pro-cyclical stance due to presence of weak institutions [Duncan (2012)].
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.