Sentence examples for trend output from inspiring English sources

When rates were cut in 1990, the gap between GDP and trend output had already been falling for two years, and inflation was still 9.3%.

It calculates the appropriate interest rate by weighing the difference between actual inflation and the central bank's target for inflation (the euro-zone target range is 0-2%) alongside the "output gap" (the difference between actual and trend output).

Only Ireland bucked the trend, with output starting to increase again owing to rising exports.

Had the pre-recession trend continued, output per hour would have been 13% higher than it was when the markets froze up; in reality, it was 2% lower.

This would resolve all these puzzles: GDP growth of 2.5% is above, not at, trend, the output gap is closing, and it was probably smaller than we thought to begin with.

Any time the economy's growing faster than trend, that output gap is shrinking.

(1991), who posit the existence of a common stochastic trend for output, consumption and investment.

Third, regarding the specification of models, all of them include potentially a double unit root in the trend of output.

This specification admits structural changes that can be reflected in sudden changes in the trend of output.

In the recent endogenous growth literature, the trend in output is stochastic, while investment in scientific knowledge is treated as analogous to a capital stock.

Depending on the process trend, the output scaling factor (SF) of the controller is modified on-line by an updating factor.