real GNP


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Synonyms for real GNP

a version of the GNP that has been adjusted for the effects of inflation

References in periodicals archive ?
For the next year, it sees brighter prospects with real GNP growth of 4.
The growth of money supply of a country must be twice the growth of real GNP to maintain price stability, and the rational size of inflationary gap is determined by establishing a synchronized correlation between the growth of real GNP and money supply.
However, examining HP-filtered real GNP data covering the same time period, the U.
This seems to confirm not only the common practice of macroeconomists to model movements in real GNP as stationary fluctuations around a linear deterministic trend (Blanchard 1981; Kydland and Prescott 1980) but also previous analyses, which had advanced the unit root hypothesis for the velocity of money (Gould and Nelson 1974) and stock prices (Samuelson 1973).
Via connections (t) and (u) in Figure 2, declining terms of trade and rising net foreign liabilities reduce the extent of the real GNP increase (and hence, via connection (s), the real consumption increase) relative to the increase in real GDP.
They forecast only real GNP, for one quarter ahead (actually the current quarter) and four quarters ahead, for the period 1976:3 through 1986:2.
Of course, unemployment rates themselves are highly correlated with real GNP growth.
The problem which this commentator seems not to appreciate is that abandoning Assertion 3 would require re-educating every student who ever took a principles of economics course and revamping the system of national income accounts, where evaluation at constant prices is considered an acceptable measure of real GNP.
However, as also shown in Table III, the current study found that the Forecasting Index, computed as the NAPM New Orders index minus the NAPM Inventories index (Hoagland and Taylor 1987), leads changes in real GNP by three months.
The ECM results are consistent with the Keynesian proposition, suggesting a significant and positive relationship between budget deficits and real GNP.
The slowdown in real GNP growth from 7 1/2 per cent in 1994-95 to a more sustainable pace of about 6 per cent in 1996 reflects a deceleration of exports, particularly in the high-tech sector.
In contrast to earlier work, we conclude that it is appropriate to first difference real GNP and uncertainty, and that, while changes in uncertainty are very persistent, its effect on the growth rate of real GNP is short-lived.
Nelson [1984] found that a composite forecast obtained by combining a single equation, autoregressive, integrated, moving average model for real GNP growth with five different macroeconometric models produced more accurate forecasts than the econometric models alone for two-, three-, or four-quarter ahead forecasts for the period 1976-82.
INFLATION PLUS REAL GNP PER CAPITA--A BENCHMARK RETURN
The paper estimates a vector autoregressive (VAR) model of the inflation process that includes as explanatory variables the change in the price of oil, real GNP, the percentage growth in M2, unit labor costs, the average work week in the manufacturing sector, and an exchange rate measure.