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 ?
Invitation to tender scientific assistance to the activities of the bmwi within the framework of the technical working group output gap working group (ogwg) of the economic policy committee (wap) of the european union 10/23/17
Keywords: Data Uncertainty, Measurement Uncertainty, Output Gap, Business Cycle, Economic Activity
Kiley and Roberts derive optimal inflation targets in their two models, using three versions of a loss function that depends on inflation and the output gap.
The second rule is based on a parameterization considered by Taylor (1999), in which the coefficient on the output gap is 1.
2002), Kim, Osborn and Sensier (2002), Martin and Milas (2004), Bruggemann and Riedel (2011), Cukierman and Muscatelli (2008), Castro (2008), and Ncube and Tshuma (2010) highlight asymmetric preferences of central banks regarding inflation and the output gap, which in turn lead to nonlinear policy reaction function.
The money supply directly affects the interest rate, the inflation gap, and output gap should be inversely related to money supply.
Cyclically adjusted net lending and primary balances are attempts by the OECD to measure the fiscal balance if the output gap were zero.
Because of the relatively large share of employment that is part-time, some think that the output gap may be closer than the unemployment rate gap in terms of measuring the amount of slack in the economy.
The same applies to another conventional theory that links fluctuations in unemployment with the output gap (Okun's Law).
Following Taylor (1999a) and Stock and Watson (2001), we assume that inflation is not contemporaneously affected by shocks to the output gap and hence [a.
To convert the gap between the actual and natural unemployment rates to an output gap measure, the following Okun's law relationship is used:
According to NIESR, the UK economy recently regained its pre-recession size, however there is still said to be a significant negative output gap.