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overshoots
verb
Third person singular of overshoot
Exact(38)
"If risk is overpriced, and agents over-pessimistic, communicating that might help in correcting overshoots in risk appetite… A more optimistic popular narrative might have a role to play in helping correct today's market pessimism," Haldane said.
In 2011 and the six previous years, it was 8%, a figure China's economy typically overshoots by two percentage points or more.
When the Fed overshoots on inflation there is some economic cost from relative price distortions but when that overshooting occurs while an economy is at the zero lower bound those distortionary costs are mostly if not entirely offset by reduced probability of future output losses from inadequate monetary policy.
Nothing like that has shown up in America: the BPP's daily inflation rate only marginally overshoots the official measure.In this section The mother of all tail risks The return of rationing In sickness and wealth Kapow!
Despite a low starting-point for public debt, deficit overshoots have revealed insufficient central control over the 17 regions that are responsible for a big chunk of spending.
In its most recent central forecast, in November, it envisaged inflation staying above 3% for the rest of this year before tumbling to the 2% target at the start of 2012, when the VAT rise drops out of the inflation calculation.Confidence in that prediction has been undermined by repeated overshoots and the bank's forecasting lapses.
Similar(20)
This is unavoidably a value judgement as it entails weighing up the cost and inconvenience of reducing fossil fuel use against the risks of exceeding 2C (which itself splits scientific opinion: some experts think exceeding even 1.5C could be disastrous, while others are less nervous about overshooting 2C a little).
But bits of its approach look rickety.For a start the current-account deficit is likely to overshoot projections of about 3% of GDP for 2011, if October's trade figures are anything to go by.
Privately, officials reckon the rupee's fair value, taking into account India's higher inflation and productivity over the past few years, is a little less than 60 per dollar, so the market has yet to overshoot wildly.
The government now wants doctors to keep down their costs (fees plus prescriptions) to a rise of 1.3% this year (the same as for hospitals), with penalties on those who overshoot.
Spain's 17 regions were mainly responsible for the budgetary overshoot last year and look certain to contribute to an overrun this year.
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