Why CBO Projects That Actual Output Will Be Below Potential Output on Average

CBO’s estimate of the output gap—the percentage difference between actual and potential output—gauges slack or overheating in the economy. For the latter half of its 10-year projection period, CBO projects that actual output will grow at the same rate as potential output but fall short of potential by about half a percent, on average—matching the average estimated gap between actual and potential output from 1961 to 2009.

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Year of publication:	2015-02-10
Institutions:	Congressional Budget Office, United States Congress ; Congressional Budget Office

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Extent:	application/pdf
Series:	Reports.
Type of publication:	Book / Working Paper
Notes:	Number 49890
Classification:	E20 - Consumption, Saving, Production, Employment, and Investment. General ; E27 - Forecasting and Simulation ; O47 - Measurement of Economic Growth; Aggregate Productivity
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011272453