Excess
in sentence
901 examples of Excess in a sentence
But
excess
is out of style, and there are reports of cutbacks in luxury goods everywhere.
There is only one main way that the necessary productivity and outcome gains can be achieved:
excess
demand in the public sector must be shifted elsewhere.
In the latter case, however, they must commit not to run large current-account surpluses and accumulate
excess
foreign-exchange reserves.
Then came the crash of 2008, which in the US and Europe produced a massive
excess
supply of both money and people.
One example is pumped hydropower, in which
excess
wind and solar energy is used to pump water uphill into reservoirs that can later produce hydroelectric power.
From asset bubbles and
excess
leverage to currency suppression and productivity impairment, Japan’s experience – with lost decades now stretching to a quarter-century – is testament to all that can go wrong in large and wealthy economies.
Courtesy of what the University of Geneva’s Richard Baldwin calls the “second unbundling” of globalization, the world is awash in the
excess
supply of increasingly fragmented global supply chains.
The danger all along has been that open-ended unconventional monetary easing would fail to achieve traction in the real economy, and would inject
excess
liquidity into US and global financial markets that could lead to asset bubbles, reckless risk taking, and the next crisis.
I pressed newly appointed Finance Minister Lou Jiwei on this point, suggesting that China deploy some of its
excess
foreign-exchange reserves to fund such an effort – the same tactic used to provide a $200 billion start-up injection for the China Investment Corporation, the sovereign wealth fund that he ran for the previous five and a half years.
With its
excess
of domestic saving and its maintenance of capital controls, China is comparatively insulated from volatility in short-term flows.
As time passes, the central bank receives interest income on its bonds, and, if it does not pay interest on
excess
reserves, this income increases its net worth.
The UK media have been full of sympathetic stories about Plummer’s plight, despite the fact that she was carrying a quantity in
excess
of that for which a UK doctor can write a prescription.
Not surprisingly, a catchphrase in economic-policy debates nowadays is “secular stagnation,” the idea that
excess
savings chronically dampen demand.
In the run-up to the financial crisis, the US external deficit was soaking up almost 70% of the
excess
funds saved by China, Japan, Germany, Russia, Saudi Arabia, and all the countries with current-account surpluses combined.
Kagame then suggested giving every country an annual per capita quota for CO2 emissions, and allowing developing countries that are below the quota to trade their
excess
quota with countries that are above theirs.
When government officials rather than markets then try to choose the next winners, they run a great risk of choosing the wrong industries, or channeling too much investment – and thus
excess
capacity – into existing sectors.
Since 2000, America's
excess
productive capacity has outstripped the Euro area and Japan combined, its economy growing far more slowly than its 3.5% to 4% annual potential, with US unemployment rising.
Less efficient industrial sectors have accumulated significant
excess
capacity, destabilizing the entire economy, while more productive, efficient sectors lack access to the resources they need.
If they take their fiscal deficits (and a potential monetization of these deficits) seriously and raise taxes, reduce spending, and mop up
excess
liquidity, they could undermine the already weak recovery.
The next step readily follows: in order to repay, or at least reduce, the national debt, the government must eliminate its budget deficit, because the
excess
of spending over revenue continually adds to the national debt.
Today, the counterpart to Teutonic
excess
saving is “Anglo-Saxon” dissaving: most English-language countries are running current-account deficits (and have been doing so for some time).
As long as banks can make a profit from trading, they will continue to expand derivatives in
excess
of any legitimate hedging demands from non-banks, creating redundant products whose only function is to make profits for their inventors and sellers.
With prices far in
excess
of the cost of production, there are, for example, huge profits to be gained by persuading pharmacies, hospitals, or doctors to shift sales to your products.
And if the decline in nominal wages signals that there is an
excess
supply of labor, matters only get worse.
If household surveys are carried out properly, the number of
excess
deaths during the war can be estimated within a range of statistical uncertainty.
For example, in a summary of the 2004 study, they wrote, “Making conservative assumptions we think that about 100,000
excess
deaths, or more, have happened since the 2003 invasion of Iraq.”
They should have said, “We can say with 95% certainty that between 8,000 and 194,000
excess
Iraqi deaths occurred during the period.”
But, just as the eurozone’s struggling economies have an overvalued currency, Germany has an undervalued one, which tends to produce external surpluses and, by definition, an
excess
of savings over investment.
Meanwhile, the government’s policies to tackle corruption, overcapacity,
excess
local-government debt, and pollution have put downward pressure on investment, consumption, and the government’s capacity to deliver its promised growth rate.
But the rapid run-up in equity prices also carries considerable risks – namely, the possibility that the financial sector will misuse the newfound liquidity to finance more speculative investment in asset bubbles, while supporting old industries with
excess
capacity.
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