| 词汇 | example_english_output-gap |
| 释义 | output gapcollocation in Englishmeanings of outputand gapThese words are often used together. Click on the links below to explore the meanings. Or, see other collocations with gap or output. output noun[U] uk /ˈaʊt.pʊt/ us /ˈaʊt.pʊt/ the amount that is produced by a person, machine, factory, ... See more at output gap noun uk /ɡæp/ us /ɡæp/ an empty space or opening in the middle of something or between ... See more at gap Examples of output gapThese examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors. These larger changes in inflation and outputgap induce the central bank to move its interest rate closer to the natural rate. We find that interest rate changes are not predictable, but inflation and the outputgap are. It is probably not very realistic to assume that the central bank can observe the outputgap in the current period. As a result, inflation and the outputgap remain at their steady-state level whether the economy is affected by shocks or not. Instead, the interest rate is increased slowly: the shock is allowed to affect the outputgap. So, outputgap in the foreign economy falls. Both have jagged patterns, whereas inflation and the outputgap are smoother. An implication of this loss criterion is that an equilibrium with complete stabilization of inflation and the outputgap is not fully efficient. First, an interest rate rule that also responds to the outputgap is more likely to generate indeterminacy relative to the standard model. Inflation and outputgap are orthogonal to the inefficient supply shocks of the other country. Under the optimal cooperative solution each country should adjust its domestic producer inflation in response to changes in its domestic outputgap. The indeterminacy region shrinks as the response to the outputgap (horizontal axis) increases. A positive response to the current outputgap in the left column squeezes the uniqueness region. The second equation links the outputgap to the ex-post real interest rate. Assume that inflation and the outputgap are uncorrelated with the current policy shock and with the lagged interest rate. Conversely, a larger (cyclically adjusted) budget surplus reduces the probability of a violation, as does a positive domestic outputgap. Figure 14 shows the response of the outputgap under the two alternative regimes, just after the date of the hypothetical regime change. Indeed, domestic outputgap and inflation rate should react only to domestic inefficient shocks and not to foreign ones. Optimal policy deliberately opens a significant outputgap in order to anchor inflation and inflation expectations. These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors. Want to learn more? Go to the definition of output Go to the definition of gap See other collocations with gap See other collocations with output |
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