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Robin Brooks on Twitter: "In our work on inflation-consistent output gaps,  @adam_tooze, @heimbergecon & I have shown that depressed inflation says  Italy has an output gap of -7% (GDP<potential) and Spain -5%.
Robin Brooks on Twitter: "In our work on inflation-consistent output gaps, @adam_tooze, @heimbergecon & I have shown that depressed inflation says Italy has an output gap of -7% (GDP<potential) and Spain -5%.

Potential output and EU fiscal surveillance | CEPR
Potential output and EU fiscal surveillance | CEPR

World Economic Outlook - WEO
World Economic Outlook - WEO

Output gaps, potential output and the Covid-19 crisis: Policymaking under  uncertainty | CEPR
Output gaps, potential output and the Covid-19 crisis: Policymaking under uncertainty | CEPR

The NAIRU/Output gap scam – Bill Mitchell – Modern Monetary Theory
The NAIRU/Output gap scam – Bill Mitchell – Modern Monetary Theory

Output gaps, potential output and the Covid-19 crisis: Policymaking under  uncertainty | CEPR
Output gaps, potential output and the Covid-19 crisis: Policymaking under uncertainty | CEPR

A most unusual recovery: How the US rebound from COVID differs from rest of  G7
A most unusual recovery: How the US rebound from COVID differs from rest of G7

Holger Zschaepitz on Twitter: "Why one monetary size fits not all: While  Germany operates above trend, output gap remains huge in Spain,Italy (BBG)  https://t.co/A5cDWGae4c" / Twitter
Holger Zschaepitz on Twitter: "Why one monetary size fits not all: While Germany operates above trend, output gap remains huge in Spain,Italy (BBG) https://t.co/A5cDWGae4c" / Twitter

Spain: Selected Issues in: IMF Staff Country Reports Volume 1998 Issue 053  (1998)
Spain: Selected Issues in: IMF Staff Country Reports Volume 1998 Issue 053 (1998)

Growth and imbalances in Spain: A reassessment of the output gap
Growth and imbalances in Spain: A reassessment of the output gap

Inefficiency gap and output gap in Spain, 1980-2006. | Download Scientific  Diagram
Inefficiency gap and output gap in Spain, 1980-2006. | Download Scientific Diagram

Robin Brooks on Twitter: "... especially for youth employment. The  unemployment rate for 15-24 year olds in Italy is 35%. Spain is 39%. IMF output  gap estimates that say slack has disappeared
Robin Brooks on Twitter: "... especially for youth employment. The unemployment rate for 15-24 year olds in Italy is 35%. Spain is 39%. IMF output gap estimates that say slack has disappeared

Robin Brooks on Twitter: "@Brad_Setser Spain is another example of  potential GDP bending down to,validate the slow recovery. That yields an output  gap that is small, but this estimate doesn't capture economic
Robin Brooks on Twitter: "@Brad_Setser Spain is another example of potential GDP bending down to,validate the slow recovery. That yields an output gap that is small, but this estimate doesn't capture economic

Output gap nonsense
Output gap nonsense

Inefficiency gap and output gap in Spain, 1980-2006. | Download Scientific  Diagram
Inefficiency gap and output gap in Spain, 1980-2006. | Download Scientific Diagram

Annual Macro-Economic database of the European COmmission - AMECO
Annual Macro-Economic database of the European COmmission - AMECO

Output gap nonsense': Understanding the budget conflict between the EC and  Italy's government (news article)
Output gap nonsense': Understanding the budget conflict between the EC and Italy's government (news article)

Growth and imbalances in Spain: a reassessment of the output gap |  SpringerLink
Growth and imbalances in Spain: a reassessment of the output gap | SpringerLink

Spain-cyclically adjusted budget balance (CBR) and output gap, in... |  Download Scientific Diagram
Spain-cyclically adjusted budget balance (CBR) and output gap, in... | Download Scientific Diagram

The" output gap doesn't exist - Econlib
The" output gap doesn't exist - Econlib

Output gaps, potential output and the Covid-19 crisis: Policymaking under  uncertainty | CEPR
Output gaps, potential output and the Covid-19 crisis: Policymaking under uncertainty | CEPR

The campaign against 'nonsense' output gaps
The campaign against 'nonsense' output gaps

Gap Spain Poland, SAVE 37% - kellekneked.hu
Gap Spain Poland, SAVE 37% - kellekneked.hu

Growth and imbalances in Spain: a reassessment of the output gap |  SpringerLink
Growth and imbalances in Spain: a reassessment of the output gap | SpringerLink

Inflation-devouring output gaps immense worldwide - MacroBusiness
Inflation-devouring output gaps immense worldwide - MacroBusiness