![22.3 Recessionary and Inflationary Gaps and Long-Run Macroeconomic Equilibrium – Principles of Economics 22.3 Recessionary and Inflationary Gaps and Long-Run Macroeconomic Equilibrium – Principles of Economics](https://open.lib.umn.edu/app/uploads/sites/180/2016/05/a8e12eaa6b52033994ca3987d6d27d74.jpg)
22.3 Recessionary and Inflationary Gaps and Long-Run Macroeconomic Equilibrium – Principles of Economics
![Robin Brooks on Twitter: "In our work on inflation-consistent output gaps, @adam_tooze, @heimbergecon & I have shown that depressed inflation says Italy has an output gap of -7% (GDP<potential) and Spain -5%. Robin Brooks on Twitter: "In our work on inflation-consistent output gaps, @adam_tooze, @heimbergecon & I have shown that depressed inflation says Italy has an output gap of -7% (GDP<potential) and Spain -5%.](https://pbs.twimg.com/media/EQRBUAsWkAE877l.png)
Robin Brooks on Twitter: "In our work on inflation-consistent output gaps, @adam_tooze, @heimbergecon & I have shown that depressed inflation says Italy has an output gap of -7% (GDP<potential) and Spain -5%.
![Estimated regression coefficients between inflation and output gap in... | Download Scientific Diagram Estimated regression coefficients between inflation and output gap in... | Download Scientific Diagram](https://www.researchgate.net/profile/Ulf-Soederstroem/publication/237239166/figure/fig4/AS:669486931775521@1536629531786/Estimated-regression-coefficients-between-inflation-and-output-gap-in-the-model_Q320.jpg)
Estimated regression coefficients between inflation and output gap in... | Download Scientific Diagram
![The Theoretical Economic Cycle – Output Gap and Inflation | Accounting and finance, Structured finance, Investing The Theoretical Economic Cycle – Output Gap and Inflation | Accounting and finance, Structured finance, Investing](https://i.pinimg.com/originals/13/dd/b3/13ddb3194d02088b7946b284fd39eb9f.png)