How Are Aggregate Demand and GDP Related?

Explore how aggregate demand and GDP connect and differ, using insights from Keynesian economics to understand macroeconomic ...
International Monetary Fund

Structural Transformation and the Volatility of Aggregate Output in OECD Countries

Download PDF More Formats on IMF eLibrary Order a Print Copy Create Citation This paper finds a negative relationship between the employment share of the service sector and the volatility of aggregate ...
San Francisco Fed

Is GDP Overstating Economic Activity?

Since late 2015, growth in real GDP has consistently exceeded that in real GDI, a prominent alternative measure of aggregate output, with an average difference of about 0.65 percentage point. Is real ...
International Monetary Fund

The Chilean Output Gap

This paper estimates the potential output (and the output gap) in Chile using several different methodologies. After a structural brake in 1998, the average growth rate of potential output in Chile ...