For economists trying to measure the health of an economy, there are a number of similar sounding but slightly different concepts that can confuse those without a background in macroeconomics. Two of ...

AGGREGATE expenditure is the total amount spent of the economy’s output by all households, firms, foreigners as well as the government. The components of aggregate expenditure consist of household ...

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 ...

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 ...

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

According to recent macroeconomic studies, microeconomic shocks can generate aggregate fluctuations (the granular hypothesis). I test this idea by studying the variance and tail probability of ...

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 ...