Excess
in sentence
901 examples of Excess in a sentence
When a couple leaves more than, say, $10 million, some fraction of the
excess
should go to the Treasury.
But consolidation to reduce perceived
excess
capacity in banking and the automotive sector may create long-term anti-competitive market structures.
It is then the central bank’s job to intervene in the banking system in order to push the market interest rate to the natural interest rate, thereby balancing the economy at full employment without
excess
inflation.
A pilot program in India’s Uttar Pradesh state collects
excess
floodwater in storage ponds, from which water seeps into the water table.
Firms that predicted a continuing boom – and therefore invested in expanding production and increased their workforce – were left with
excess
capacity relative to actual demand.
As aggregate demand conditions improved, firms responded by using this
excess
capacity, reducing capital expenditures and slowing their pace of hiring.
Once soybean prices began to fall, however, the entire industry found itself with
excess
capacity, as well as high debt burdens, reflecting previous investments in labor and capital.
When prices eventually recovered and soybean production picked up once more, firms could accommodate the surge in demand by making use of existing
excess
capacity.
The consensus view is rather that of William McChesney Martin, who served as US Federal Reserve Chairman from 1951 to 1970: a good central bank prevents speculative
excess
by “taking away the punchbowl before the party really gets going.”
As I argued in my Cass lecture, OMF is like a very powerful medicine, potentially valuable if taken in appropriate quantities in specific circumstances, but potentially fatal if taken in
excess
or when stimulus is not required.
At first, the
excess
liquidity fueled real-estate bubbles.
So the key emerging issue for policymakers is to decide when to mop up the
excess
liquidity and normalize policy rates – and when to raise taxes and cut government spending (and in which combination).
If they have built up large, monetized fiscal deficits, they should raise taxes, reduce spending, and mop up
excess
liquidity sooner rather than later.
Second, the renminbi has now appreciated 31.4% against the dollar since mid-2005, well in
excess
of the 27.5% increase called for by the original Schumer-Graham bill.
That
excess
household and government consumption fueled the domestic economy – and much of the global economy as well.
In several European countries that now confront fiscal and growth challenges, the pattern was somewhat different: most of the
excess
consumption and employment was on the government side.
Money-supply growth has been well above target levels for some time now, indicating
excess
liquidity.
One cannot really claim that the world is “flat” when a typical African receives investment in his or her human capital of a few hundred dollars, while rich Americans get a gift from their parents and society in
excess
of a half-million dollars.
In poker terms, Chinese President Xi Jinping is attempting to pull an inside straight, gambling that a growing middle class will demand enough manufactured goods to prevent the economy’s immense
excess
capacity in basic industries from leading to widespread unemployment.
But the more immediate problem remains deflation, given high unemployment and
excess
capacity.
Indeed, without adequate regulation, they are prone to
excess.
Although they pay lip service to a continued shedding of extraneous businesses, the chaebol still resist complete rationalization, claiming that they cannot rid themselves of
excess
capacity so long as they maintain
excess
employment.
That leaves a huge sum of
excess
liquidity sloshing around in global asset markets.
In a country plagued by
excess
capacity and housing bubbles, this was a prescient policy.
Cheap funding and land revenue have led to
excess
infrastructure and industrial capacity without adequate market discipline.
But if domestic demand does not grow fast enough in surplus countries, the resulting lack of global demand relative to supply – or, equivalently, the
excess
of global savings relative to investment spending – will lead to a weaker recovery in global growth, with most economies growing far more slowly than their potential.
And, complicating things further, given US banks’ vast holdings of
excess
reserves as a result of the Fed’s bond-buying policies (quantitative easing), the federal funds rate is no longer the key policy rate that it once was.
Instead, the Fed will be focusing on the interest rate on
excess
reserves.
Will it be the US, where ordinary citizens have already suffered for so long, or China, which, despite troubled times, has managed to generate growth in
excess
of 6%?
The sudden reduction in
excess
consumption in the United States as a result of the crisis makes meeting this challenge all the more urgent.
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