Define Output gap. Output gap synonyms, Output gap pronunciation, Output gap translation, English dictionary definition of Output gap. n economics a situation in which total spending in an economy is insufficient to buy all the output that can be produce
gap in the DSGE model, providing a structural model estimate of a controversial parameter; in this model, estimates of the natural-rate concept are similar to those based on the Beveridge–Nelson and production function approaches; and the estimate of the output gap, irrespective of definition, ...
Explore the definition of input and output in economics. Learn about the importance of the input-output model. See input and output examples from...
It argues that there are a number of conceptual problems and measurement issues relating to the global output gap.TanakaMisaYoungChrisBank of England Quarterly BulletinTanaka, M., and C. Young. 2008. "The Economics of Global Output Gap Measures." Bank of England Quarterly Bulletin 48 (3): ...
What does the output gap look like? The discussion thus far has focused on the definition of output gap as the deviation of output from the natural level of output. While Fernald and Basu do not show their measure ofactualoutput gaps as implied by their model, one can look to another pap...
What is the meaning of the term 'output gap' as used in economics? What is the importance of production function in economics? What role does the entrepreneur play within the economic system? Which economist has given scarcity a definition of economics? Describe the efficiency wage mode...
AI generated definition based on:Encyclopedia of Social Measurement,2005 About this page Add to MendeleySet alert Also in subject area: Economics, Econometrics and Finance Discover other topics Chapters and Articles You might find these chapters and articles relevant to this topic. ...
We help fill this gap and analyse the two-way relationship between these variables within a VAR/VECM framework. We find, surprisingly, that changes in the regional allocation of investment have only a modest beneficial effect on inter-regional output disparities while the effect in the opposite ...
Because the output gap is used by both economists and analysts on the street, the general public can also use it to make informed decisions about their finances and investments. For example, a homeowner may decide to hold off on refinancing their mortgage if the output gap means there's a ...
According to our results, the North of Italy emerges as more efficient than the other Italian macro areas, although the gap significantly decreases when case matters are considered in the output estimation. Concerning the collected reference values, which might be adopted by policy makers to reform...