This paper assesses North Macedonia’s long-term growth prospects and the potential output gains from structural reforms. Potential growth is estimated at 2.6–2.9 percent in 2025 using univariate ...

The output gap measures how far the economy is from its full employment or “potential” level that depends on supply-side factors of the economy: the supply of workers and their productivity. During a ...

This paper develops a simple model for measuring potential output that uses data on inflation, unemployment, and capacity utilization. We apply the model to 10 countries, in addition to the United ...

Potential output—the maximum amount an economy can produce over the long run—is an important indicator policymakers use to gauge a country’s current economic health and expectations for future growth.

WASHINGTON – The U.S. economy is running at its full potential for the first time in a decade, a new milestone for an expansion now in its ninth year. Total economic output in the third quarter was ...

Simply sign up to the Global Economy myFT Digest -- delivered directly to your inbox. Towards the end of 2000, at the peak of America’s irrational exuberance, staff economists at the Federal Reserve ...

Discussions about the state of the economy tend to focus much more on the monthly wiggles in the data, the Fed’s latest program to stimulate spending, and the drama on Capitol Hill than on the ...

Simply sign up to the Global Economy myFT Digest -- delivered directly to your inbox. The output gap is a concept we got familiar with during the global financial crisis. But it’s time to revisit it, ...

The Bank of England’s Stephen Millard considers a number of alternative ways in which central banks might monitor inflationary pressures, and concludes that measuring the output gap is “is not the way ...

LITTLETON, Colorado, May 22 (Reuters) - China is by far the number one global solar power producer in terms of installed capacity, but is 150th on the list of nations ranked by the World Bank in terms ...