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The Bank noted in the report: "Not surprisingly, there is a wide range of views on the committee about the likely degree of slack.
The upshot is that most coal plants are operating at only 60% capacity – for the time being, there is a surprising degree of slack in the system.
The ultimate answer will depend on the evolution of the economy, particularly the degree of slack, the prospects for its absorption, and the broader inflation outlook".
Possibly, summary statistics such as the jobless rate or factory utilisation rate are too crude to capture the true degree of slack.
The committee said it was likely that the degree of slack in the economy is being absorbed more rapidly than the Bank had expected in May, when its forecasts were last updated.
In the United Kingdom, there have been further signs that a recovery is in train, although it remains weak by historical standards and a degree of slack is expected to persist for some time.
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Any automotive critic complaining about on-centre numbness of modern electric power steering should be forced to drive this car, which has several degrees of slack in the wheel and yet requires extreme effort for slow-speed cornering.
It contains information about the sustainability of output and the degree of economic slack.
Using the Taylor rule, a popular rule of thumb, economists at Deutsche Bank suggest that given today's degree of economic slack and inflation rates, short-term rates should be negative in America, Britain and the euro area.
The Bank's estimate of slack will almost certainly have narrowed, although this will be accompanied with a greater degree of uncertainty.
Due to the presence of slack variables in the synthesis conditions and to the use of homogeneous polynomial solutions of arbitrary degrees, less conservative linear matrix inequality relaxations can be obtained.
More suggestions(17)
degree of leeway
master of slack
degrees of slack
degree of loosening
degree of slowing
degree of poor
degree of fineness
degree of difficulty
degree of pragmatism
degree of receptivity
degree of supervision
degree of sportsmanship
degree of impunity
degree of concentration
degree of surrender
degree of fear
degree of grandiosity
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