Output gap


Model agencies collude to fix rates

Regulators find leading model agencies guilty of price fixing.

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Output gap - definition

An output gap is a gap that exists between the long run aggregate supply curve (LRAS curve) and the actual short term equilibrium level of output (real GDP) - Ye in the diagram. Output gaps can be positive, where equilibrium is greater than the currency LRAS, or negative, when it is less than LRAS.

Output gaps


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GDP latest

UK grows by 0.2% in 4th quarter of 2018.

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Customs unions

Costs and benefits of customs unions.

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New materials

Multiple choice papers for Paper Three.

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Tax avoidance

Double Irish - and a Dutch Sandwich more..

The OECD presents its final package for reform of international tax rules..more

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