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Www.bea.gov Implementation of SNA 2008 in the 2013 Comprehensive Revision of the U.S. National Income and Product Accounts (NIPAs) Marshall B. Reinsdorf
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We turn to short-run output, the gap between actual GDP and potential GDP Fluctuations in economic activity can be costly The rate of inflation tends to
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Summary
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Summary The long-run model determines potential output and the long-run rate of inflation. The short-run model determines current output and current inflation
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Financial Crisis, Recessions and the State of Macroeconomic Theory Melanie Fritz Thomas Schützenhofer Silvia Winter Department of Economics
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We turn to short-run output , the gap between actual GDP and potential GDP
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