Nature Abhors an Output Gap

Mind the gap! Economic forecasters do just that when they consider the output gap–the difference between actual gross domestic product and its potential. A new macroblog post examines some of the discussions surrounding forecasting and the nuances inextricably linked to it.

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Original Post: http://macroblog.typepad.com/macroblog/2013/02/nature-abhors-an-output-gap.html

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