Other publications may include books, quarterly reviews, annual reports and economic bulletins from the ECB, PhD theses and Danmarks Nationalbank’s policies.
Calculation of output gap
The output gap measures how far Danish output (measured by the gross domestic product, GDP) is from its structural level, corresponding to normal capacity utilisation in the economy. It is regarded as an overall indicator of the current cyclical position and therefore plays a prominent role in the planning of economic policy. For this reason, the output gap should be available as early as possible, but at the same time be calculated as accurately and reliably as possible.