Robin Brooks on Twitter: "Campaign against Nonsense Output Gaps (CANOO): if you average IMF (orange), European Commission (red) & OECD (blue) estimates for potential GDP from 2019, you get output gaps for
Output gap nonsense
Philipp Heimberger on Twitter: "It doesn't make sense! The European Commission forecasts that the output gap in Italy (GDP < potential) next year will be 1.4%, and in Spain zero. No underutilisation
Spain-cyclically adjusted budget balance (CBR) and output gap, in... | Download Scientific Diagram
Inefficiency gap and output gap in Spain, 1980-2006. | Download Scientific Diagram
Output gaps, potential output and the Covid-19 crisis: Policymaking under uncertainty | CEPR
Growth and imbalances in Spain: a reassessment of the output gap | SpringerLink
Eurozone Output Gaps and the COVID-19 Shock - Intereconomics
Spain: Selected Issues in: IMF Staff Country Reports Volume 1998 Issue 053 (1998)
Potential GDP and the output gap: what do they measure and what do they depend on?
Eurozone Output Gaps and the COVID-19 Shock - Intereconomics
Output gaps, potential output and the Covid-19 crisis: Policymaking under uncertainty | CEPR
Eurozone sovereign debt crisis
Potential output and EU fiscal surveillance | CEPR
Output gap nonsense': Understanding the budget conflict between the EC and Italy's government (news article)
On the normalisation of monetary policy
Output gap nonsense
World Economic Outlook - WEO
Robin Brooks on Twitter: "@adam_tooze @IMFNews IMF potential GDP estimates for Italy (lhs) & Spain (rhs) illustrate the basic issue. Italy GDP stagnated for many years, so potential GDP "bends" down, in
The great growth destruction? | Financial Times
The impact of COVID-19 on potential output in the euro area
The" output gap doesn't exist - Econlib
