Output gap nonsense: How a false exactitude in economics has led to a terrible politics in the EU

Adam Tooze, Social Europe, April 2019


Tooze exposes how poor estimates of European economies’ output gaps – that is, the amount by which the actual output of an economy falls short of its potential output – has led to bad economic policy and terrible politics.


We use cookies to provide you with the best possible service. When you continue browsing the site, you consent to the use of cookies. More info.