![Mind the Output Gap: The Disconnect of Growth and Inflation during Recessions and Convex Phillips Curves in the Euro Area - Gross - 2019 - Oxford Bulletin of Economics and Statistics - Wiley Online Library Mind the Output Gap: The Disconnect of Growth and Inflation during Recessions and Convex Phillips Curves in the Euro Area - Gross - 2019 - Oxford Bulletin of Economics and Statistics - Wiley Online Library](https://onlinelibrary.wiley.com/cms/asset/d4590f9c-7078-4d1f-b09f-2dd80b18580d/obes12291-fig-0003-m.jpg)
Mind the Output Gap: The Disconnect of Growth and Inflation during Recessions and Convex Phillips Curves in the Euro Area - Gross - 2019 - Oxford Bulletin of Economics and Statistics - Wiley Online Library
![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%.
![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)