Figure 5.2 Output Gap, Cyclically Adjusted Net Lending, Spending and Revenue
(% of potential GDP)
France
% potential GDP% potential GDP % potential GDP% potential GDP
54
53
52
51
50
49
48
47
46
1980 1982 1984 1986 1988 1990 1992 1994 1996 1998 2000 2002 2004
cyclically adjusted structural revenues
- - OECD--AMECO -→-Hp
Germany
cyclically adjusted structural expenditures
1
0
-1
-2
-3
-4
-5
48
47
46
45
44
43
42
41
- - OECD AMECO -→-Hp
1980 1982 1984 1986 1988 1990 1992 1994 1996 1998 2000 2002 2004
cyclically adjusted net lending
- - OECD--AMECO — HP
1980 1982 1984 1986 1988 1990 1992 1994 1996 1998 2000 2002 2004
cyclically adjusted structural revenues
- -OECD AMECO -→-HP∣
124
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