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output gap

The amount by which a country's output, or GDP, falls short of what it could be given its available resources. A positive output gap is considered to exist when a country's unemployment rate is greater than the NAIRU.

Related information about output gap:
  1. Output gap - Wikipedia, the free encyclopedia
    The GDP gap or the output gap is the difference between actual GDP or actual output and potential GDP. The calculation for the output gap is Y–Y* where Y is ...
     
  2. Output Gap Definition | Investopedia
    An economic measure of the difference between the actual output of an economy and the output it could achieve when it is most efficient, or at full capacity.
     
  3. Inflation: The global output gap | The Economist
    Sep 19, 2012 ... THE image at right is a graphic taken from Bloomberg's markets page, which shows four indexes of commodity prices. There are obviously a lot ...
     
  4. What is output gap? definition and meaning
    Definition of output gap: The difference between the actual output (such as GDP) of an economy and the output that the economy would be at under full capacity ...
     
  5. The Output Gap Trap For Policymakers - Seeking Alpha
    Sep 6, 2012 ... The output gap, which tells if the level of gross domestic product (GDP) is running significantly under the potential GDP, is an important ...
     
  6. The Output Gap - NYTimes.com
    Jan 19, 2011 ... The Output Gap. Menzie Chinn has a useful post reminding us just how much output we could and should have been producing is being lost to ...
     
  7. Farr: Analyzing the Output Gap - CNBC
    Oct 31, 2012 ... This difference arises because the economy is operating at less than full employment and factories are not being fully utilized.
     
  8. Why it doesn't feel like a recovery | The Washington Post
    This is the output gap, the divide between the amount the United States can produce and what it is actually producing. The gap, currently $900 billion, explains ...