![Robin Brooks on Twitter: "Campaign against Nonsense Output Gaps (CANOO): we have inflation-consistent NAIRUs: https://t.co/FpEBOOJgyK. Now we roll out inflation-consistent output gaps. An IMF gap of 1.8% (GDP > potential) is OK Robin Brooks on Twitter: "Campaign against Nonsense Output Gaps (CANOO): we have inflation-consistent NAIRUs: https://t.co/FpEBOOJgyK. Now we roll out inflation-consistent output gaps. An IMF gap of 1.8% (GDP > potential) is OK](https://pbs.twimg.com/media/EKJhlIIX0AAQ2Az.png)
Robin Brooks on Twitter: "Campaign against Nonsense Output Gaps (CANOO): we have inflation-consistent NAIRUs: https://t.co/FpEBOOJgyK. Now we roll out inflation-consistent output gaps. An IMF gap of 1.8% (GDP > potential) is OK
![Robin Brooks on Twitter: "COVID-19 shines a light on output gaps. The IMF says Italy's GDP will fall -11% in 2020 (black), but that its output gap will be "only" -5% (GDP<potential). Robin Brooks on Twitter: "COVID-19 shines a light on output gaps. The IMF says Italy's GDP will fall -11% in 2020 (black), but that its output gap will be "only" -5% (GDP<potential).](https://pbs.twimg.com/media/EnbYe9aWMAMS5Wf.png)
Robin Brooks on Twitter: "COVID-19 shines a light on output gaps. The IMF says Italy's GDP will fall -11% in 2020 (black), but that its output gap will be "only" -5% (GDP<potential).
![Philipp Heimberger on Twitter: "The IMF says that Italy has the same output gap (GDP<potential) as France or Belgium - although the employment for prime-age men fell much more in Italy. It Philipp Heimberger on Twitter: "The IMF says that Italy has the same output gap (GDP<potential) as France or Belgium - although the employment for prime-age men fell much more in Italy. It](https://pbs.twimg.com/media/Esvr8R5WMAA73Nl.png)
Philipp Heimberger on Twitter: "The IMF says that Italy has the same output gap (GDP<potential) as France or Belgium - although the employment for prime-age men fell much more in Italy. It
![Robin Brooks ar Twitter: "Campaign against Nonsense Output Gaps (CANOO): the IMF says Italy (IT) has basically the same output gap as Australia (AU), with GDP around 1.0% below potential in both Robin Brooks ar Twitter: "Campaign against Nonsense Output Gaps (CANOO): the IMF says Italy (IT) has basically the same output gap as Australia (AU), with GDP around 1.0% below potential in both](https://pbs.twimg.com/media/ELwjVMVWoAEEbzT.png)
Robin Brooks ar Twitter: "Campaign against Nonsense Output Gaps (CANOO): the IMF says Italy (IT) has basically the same output gap as Australia (AU), with GDP around 1.0% below potential in both
![تويتر \ Robin Brooks على تويتر: "@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" تويتر \ Robin Brooks على تويتر: "@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"](https://pbs.twimg.com/media/ElBp5V_X0AEwN-W.png)
تويتر \ Robin Brooks على تويتر: "@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"
![How Informative Are Real Time Output Gap Estimates in Europe? in: IMF Working Papers Volume 2019 Issue 200 (2019) How Informative Are Real Time Output Gap Estimates in Europe? in: IMF Working Papers Volume 2019 Issue 200 (2019)](https://www.elibrary.imf.org/view/journals/001/2019/200/images/full-9781513512549_f0013-01.jpg)