output gap
collocation in Englishmeaningsofoutputandgap
These words are often used together. Click on the links below to explore the meanings. Or,see other collocations withgaporoutput.
output
noun[U]
uk/ˈaʊt.pʊt/us/ˈaʊt.pʊt/
an amount of something produced by a person, machine, factory, ...
See more atoutput
gap
noun
uk/ɡæp/us/ɡæp/
an empty space or opening in the middle of something or between ...
See more atgap
(Definition ofoutputandgapfrom theCambridge English Dictionary© Cambridge University Press)
Examplesofoutput gap
These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.
These larger changes in inflation andoutputgapinduce the central bank to move its interest rate closer to the natural rate.
From theCambridge English Corpus
We find that interest rate changes are not predictable, but inflation and theoutputgapare.
From theCambridge English Corpus
It is probably not very realistic to assume that the central bank can observe theoutputgapin the current period.
From theCambridge English Corpus
As a result, inflation and theoutputgapremain at their steady-state level whether the economy is affected by shocks or not.
From theCambridge English Corpus
Instead, the interest rate is increased slowly: the shock is allowed to affect theoutputgap.
From theCambridge English Corpus
So,outputgapin the foreign economy falls.
From theCambridge English Corpus
Both have jagged patterns, whereas inflation and theoutputgapare smoother.
From theCambridge English Corpus
An implication of this loss criterion is that an equilibrium with complete stabilization of inflation and theoutputgapis not fully efficient.
From theCambridge English Corpus
First, an interest rate rule that also responds to theoutputgapis more likely to generate indeterminacy relative to the standard model.
From theCambridge English Corpus
Inflation andoutputgapare orthogonal to the inefficient supply shocks of the other country.
From theCambridge English Corpus
Under the optimal cooperative solution each country should adjust its domestic producer inflation in response to changes in its domesticoutputgap.
From theCambridge English Corpus
The indeterminacy region shrinks as the response to theoutputgap(horizontal axis) increases.
From theCambridge English Corpus
A positive response to the currentoutputgapin the left column squeezes the uniqueness region.
From theCambridge English Corpus
The second equation links theoutputgapto the ex-post real interest rate.
From theCambridge English Corpus
Assume that inflation and theoutputgapare uncorrelated with the current policy shock and with the lagged interest rate.
From theCambridge English Corpus
Conversely, a larger (cyclically adjusted) budget surplus reduces the probability of a violation, as does a positive domesticoutputgap.
From theCambridge English Corpus
Figure 14 shows the response of theoutputgapunder the two alternative regimes, just after the date of the hypothetical regime change.
From theCambridge English Corpus
Indeed, domesticoutputgapand inflation rate should react only to domestic inefficient shocks and not to foreign ones.
From theCambridge English Corpus
Optimal policy deliberately opens a significantoutputgapin order to anchor inflation and inflation expectations.
From theCambridge English Corpus
These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.
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