The phrase "adjustment path" is correct and usable in written English.
It can be used in contexts related to changes, modifications, or processes that involve adapting or correcting a course of action.
Example: "The team outlined the adjustment path necessary to meet the new project deadlines."
Alternatives: "modification route" or "correction pathway".
And that is the adjustment path that the others now have in front of them".
It added: "In the UK, where recovery is weak owing to lacklustre demand, consideration should be given to greater near-term flexibility in the fiscal adjustment path".
Mervyn King, the governor of Britain's central bank, said China was pursuing structural reforms slowly while countries like the United States and Britain, facing the prospect of high unemployment, favor a quicker adjustment path.
But yesterday the multilateral Washington-based institution spelled out a reversal of this support, saying the UK recovery was weak and that "consideration should be given to greater near-term flexibility in the fiscal adjustment path".
Through his cointegration analysis, Granger showed that the dynamics in exchange rates and prices, for example, are driven by a tendency to smooth out deviations from the long-run equilibrium exchange rate and short-run fluctuations around the adjustment path.
On Monday night, Olli Rehn, the EU's economic and monetary affairs commissioner, hinted that the austerity programme may have to be relaxed: "If there has been a serious deterioration in the economy, we can propose an extension of a country's adjustment path … That's what we did last year in the case of Spain".
To highlight different adjustment paths across countries, this section begins with differences in the responsiveness of unemployment to changes in output during the Great recession.
The banker, nicknamed "Super Mario" by traders, promised QE would continue "until we see a sustained adjustment in the path of inflation".
In 2015, the ECB also started an asset-buying programme, which the ECB president, Mario Draghi, promised to continue "until we see a sustained adjustment in the path of inflation".
The ECB aims to keep inflation at just under 2% and Draghi has said the money-printing programme would continue "until we see a sustained adjustment in the path of inflation".
