Output Gaps: the present versus the Great Inflation

By David Beckworth @DavidBeckworth

"Here's a chart from it comparing Nominal GDP deviations from trend for the Great Inflation versus deviations forecasted over next decade. Hard to see 1970's-type inflation spiral in that forecast."

Activity - USA - BEA - Gross Domestic Product

ActivityUnited States
Maia Mindel

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Maia Mindel

Macroeconomic analyst at Alphacast. Following inflation, activity, and trade.

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