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The Neutral Level of NGDP and the NGDP Gap: Q3 2022
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David Beckworth
 
The nominal GDP (NGDP) gap is a measure of unexpected changes in the dollar size of the US economy. In the third quarter of 2022, the median NGDP gap rose to 5.45 percent, up marginally from the previous quarter’s value of 5.21 percent. The 5.45 percent NGDP gap means that the dollar size of the economy, $25.66 trillion, was about $1.33 trillion greater than its expected size of $24.34 trillion.
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RESEARCH
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The FDIC Should Restore the OSA or, at Minimum, Solicit Public Views before Regressing to the SARC
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Thomas Hoenig &
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Brian Knight
PODCASTS
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Megan Greene on the UK’s Recent Market Turmoil and What it Means for the Future of the Global Economy
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Macro Musings
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Listen Now
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Khusdeep Malhotra on Sikh Identity in Kashmir
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Ideas of India
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DISCOURSE MAGAZINE
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To Stop Fueling Inflation, Stop Paying Rich People
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Charles Blahous
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BUSINESS & ECONOMICS
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How “Freedom’s Furies” Helped Save American Individualism
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Timothy Sandefur
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POLITICS
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Nihilism Has Taken Over American Politics
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Russ Greene
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POLITICS
NEWS & MEDIA
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Another Nail In The Coffin Of The Russian Economy
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Christine McDaniel
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FORBES
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For Food Abundance, Think Bigger Than Another Farm Bill
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Veronique de Rugy
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CREATORS SYNDICATE
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The Fed Is Stuck Looking Back as the Economy Moves Forward
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David Beckworth
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BARRON'S
Support the Work We DoDonate to the Mercatus Center at George Mason University.
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