TITLE

How Big Is the Output Gap?

AUTHOR(S)
Weidner, Justin; Williams, John C.
PUB. DATE
June 2009
SOURCE
FRBSF Economic Letter;6/12/2009, Vol. 2009 Issue 19, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article focuses on the importance of measuring the output gap of an economy in order to measure the deviation of an economy from its potential level in 2009 in the U.S. Basing from the calculation of the output gap, the country is hitting the level, wherein it is experiencing the second worst recession . It cites that despite the fact that the result of the recession is a substantial decline in inflation, there is an evidence of slow decrease in inflation.
ACCESSION #
41990424

 

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