Excessive
in sentence
1494 examples of Excessive in a sentence
Inflation falls at last, but growth slows more than desired, owing to the overcapacity that resulted from
excessive
investment in the earlier phase of the cycle.
In 1929, a crisis among speculating capitalists prompted poorly conceived and
excessive
reactions, leading to a deep and prolonged depression.
It will also use its new authority to pay interest on the reserves held by commercial banks at the Fed in order to prevent
excessive
lending.
The first structural challenge lies in Iran’s
excessive
dependence on the oil sector.
Even with research and development hampered by resistance from activists and
excessive
government regulation, drought-resistant GE crop varieties are emerging from the development pipeline in many parts of the world.
A country with current-account and capital-account surpluses and increasing foreign-exchange reserves normally sees an
excessive
money supply and high inflation.
But, while
excessive
money supply is a reality for China – the PBC now holds more than $2.6 trillion in foreign reserves – inflation has been quite moderate so far, thanks to the sterilization policy.
Thus, although China’s total money supply seems excessive, with the M2-to-GDP ratio now at about 190%, the real monetary base is actually much smaller than it appears.
In addition, the single currency weakens the market signals that would otherwise warn a country that its fiscal deficits were becoming
excessive.
And when a country with
excessive
fiscal deficits needs to raise taxes and cut government spending, as Greece clearly does now, the resulting contraction of GDP and employment cannot be reduced by a devaluation that increases exports and reduces imports.
It is now too late to turn back the clock and suddenly force banks to get rid of their
excessive
holdings of public debt.
Blather about Federal Reserve currency manipulation and
excessive
risk-taking is not worthy of an answer.
When the bubble burst, the ECB tried to prevent the
excessive
prices from returning to their equilibrium levels by using its printing press and promising unlimited coverage to investors.
Now, without exchange-rate risk, interest-rate spreads based on debtor countries’ credit ratings are the only remaining defense against
excessive
capital movements and the resulting external imbalances.
This is effective in stemming upward exchange-rate pressure, but it feeds the beast: it exacerbates overheating in already fast-growing emerging markets, causing inflation and leading to
excessive
credit growth, which can fuel dangerous asset bubbles.
A sixth option – especially where a country has carried out partially sterilized intervention to prevent
excessive
currency appreciation – is to reduce the risk of credit and asset bubbles by imposing prudential supervision of the financial system.
This should be aimed at restraining
excessive
credit growth, which the monetary growth that follows currency intervention would otherwise cause.
As sterilization induces issuance of domestic assets, global investors’ desire for diversification would be met without causing
excessive
currency appreciation, with all its collateral damage, in emerging markets.
Yes, the
excessive
private and public debt, the loss of export capacity, and the weakening of institutions harm the economy (and the polity) – but only in the long run.
But cheap credit promotes bad investment and
excessive
debt, which borrowers often are unable to repay.
The political recalibrations occurring in the world’s major economies highlight the limits on the level and pace of immigration a society can absorb without
excessive
disruption; on citizens’ willingness to abide centralized, let alone supranational, rule; and on public tolerance of economic weakness.
What is now required to resolve the technical issue is some mechanism for assuming existing debt and preventing
excessive
borrowing in the future.
Furthermore, an overvalued currency will usually be accompanied by a current-account deficit and
excessive
reliance on foreign capital to finance investment.
Such subsidies cost some $300 billion annually (by conservative estimates) and tend to benefit the wealthy, as they encourage
excessive
consumption.
Some economists see low business investment, poor skills, outdated infrastructure, or
excessive
regulation holding back potential growth.
Indeed,
excessive
wage deflation is likely to have negative effects on productivity.
For all of these reasons,
excessive
austerity and deflation could defeat its own purpose and make the “reforms” to improve the southern European countries’ competitiveness impossible to implement.
Indeed, for ten years, north-to-south income transfers and lending financed
excessive
aggregate demand, making the eurozone seem stable.
That an
excessive
use of presidential decrees is a favorite tool of authoritarian governments is not a matter of dispute.
Anti-Semitism on the left is often a form of
excessive
zeal in opposing Israeli policies toward the Palestinians.
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