inflationary gap

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inflationary gap

n
(Economics) the excess of total spending in an economy over the value, at current prices, of the output it can produce
References in periodicals archive ?
It is again demonstrated that the excess inflationary gaps demonstrate elasticity and can be subject to great swings, such as 24 per cent between 1999 and 2000, 35.
G-8/G-20 COUNTRIES : Includes the annual excess inflationary gaps for the G-20 nations calculated as described previously.
For the remainder of the study, it should be noted that comparisons of the excess inflationary gaps with inflation rate changes gauge the significance of the annual results.
Table 3 includes the annual excess inflationary gaps for the G-20 nations calculated as described previously.
Accordingly, it is important for a model to both explain the nature of these inflationary gaps.
For the rest of the study, it should be noted that comparisons of the excess inflationary gaps with inflation rate changes gauge the significance of the annual results.
Rising inflationary gaps in the 1970-85 period were accompanied by rising inflation rates.
The upper half of the graph shows the inflationary gaps calculated on the basis of [M.
The Canadian data demonstrated elasticity in the excess inflationary gaps.
From reference to Table 3 and the visual inspection of the data in Figure 3, it is again demonstrated that the excess inflationary gaps demonstrate elasticity and can be subject to great swings, such as 24 per cent between 1999 and 2000, 35.
These observations are in contrast to the Greek experience reported over 2004-2009 in Lazaridis and Livanis (3), when the Greek economy demonstrated negative excess inflationary gaps in three of the six years under review.
This paper empirically tests the Kumara Swamy Theorem of Inflationary Gap for Canada over the period 1997-2011 and compares the results with Lazaridis and Livanis (2010) for the Greek and Cypriot economies.