It is one type of output gap, the other being a recessionary gap.

The inflation outlook is not entirely driven by the level of the output gap.

His work has documented significant problems arising from policy decisions drawing on unobservable concepts such as the output gap.

This "output gap" translates into rising unemployment and accelerating deflation.

But the output gap tells a different story: Two years ago we went into an economic funk, and it's not over.

The output gap, the difference between what the economy could produce and what it actually produces, continued to widen.

The Fed funds rate is only 1.25 percent, yet nothing suggests that the economy is about to close the output gap.

Government spending does not have to make up for the entire output gap.

The body was tasked to address the £30 billion output gap between the North and the average for England as a whole.

This "output gap" was bound to show up in higher unemployment.