![5d SVAR indicator of output gap, structural net lending, expenditure... | Download Scientific Diagram 5d SVAR indicator of output gap, structural net lending, expenditure... | Download Scientific Diagram](https://www.researchgate.net/publication/262278415/figure/fig35/AS:476486886006787@1490614734461/d-SVAR-indicator-of-output-gap-structural-net-lending-expenditure-and-revenues.png)
5d SVAR indicator of output gap, structural net lending, expenditure... | Download Scientific Diagram
![Robin Brooks on Twitter: "@adam_tooze @IMFNews IMF potential GDP estimates for Italy (lhs) & Spain (rhs) illustrate the basic issue. Italy GDP stagnated for many years, so potential GDP "bends" down, in Robin Brooks on Twitter: "@adam_tooze @IMFNews IMF potential GDP estimates for Italy (lhs) & Spain (rhs) illustrate the basic issue. Italy GDP stagnated for many years, so potential GDP "bends" down, in](https://pbs.twimg.com/media/ElBs5YQW0Ag07mO.png)
Robin Brooks on Twitter: "@adam_tooze @IMFNews IMF potential GDP estimates for Italy (lhs) & Spain (rhs) illustrate the basic issue. Italy GDP stagnated for many years, so potential GDP "bends" down, in
![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%.
![Philipp Heimberger on Twitter: "Output gap nonsense: the IMF estimates that negative output gaps in Italy and Spain will be smaller than 2% of GDP in 2022-2023. This downward adjustment in estimates Philipp Heimberger on Twitter: "Output gap nonsense: the IMF estimates that negative output gaps in Italy and Spain will be smaller than 2% of GDP in 2022-2023. This downward adjustment in estimates](https://pbs.twimg.com/media/ElZiU-nWMAMokzP.jpg)
Philipp Heimberger on Twitter: "Output gap nonsense: the IMF estimates that negative output gaps in Italy and Spain will be smaller than 2% of GDP in 2022-2023. This downward adjustment in estimates
![Bruno De Moura Fernandes on Twitter: "Q1 GDP figures in Eurozone were just released. Surprisingly, the GDP gap between France and Spain has widened in Q1 2021 despite restrictions being well less Bruno De Moura Fernandes on Twitter: "Q1 GDP figures in Eurozone were just released. Surprisingly, the GDP gap between France and Spain has widened in Q1 2021 despite restrictions being well less](https://pbs.twimg.com/media/E0NqmJpWYAMsVMN.png)
Bruno De Moura Fernandes on Twitter: "Q1 GDP figures in Eurozone were just released. Surprisingly, the GDP gap between France and Spain has widened in Q1 2021 despite restrictions being well less
![Twitter \ Philipp Heimberger على تويتر: "Robin is right: putting Italy on a positive output gap (“overheating“ economy) is nonsense. And this matters in terms of assessing Italy's policy stance, especially in Twitter \ Philipp Heimberger على تويتر: "Robin is right: putting Italy on a positive output gap (“overheating“ economy) is nonsense. And this matters in terms of assessing Italy's policy stance, especially in](https://pbs.twimg.com/media/Fg4vsHYUAAAab8T.png)
Twitter \ Philipp Heimberger على تويتر: "Robin is right: putting Italy on a positive output gap (“overheating“ economy) is nonsense. And this matters in terms of assessing Italy's policy stance, especially in
![Spain is navigating through stormy economic waters, but the time for further structural reform has come. | EUROPP Spain is navigating through stormy economic waters, but the time for further structural reform has come. | EUROPP](https://blogs.lse.ac.uk/europpblog/files/2012/08/Muniz-Fig-4.jpg)