Saving. A domestic saving rate in excess of 50 has served China well.

From these they calculate excess deaths above a death rate interpolated between pre and post Leap death rates.

The Fed could, in principle, limit inflationary lending by raising the interest rate on excess reserves or by using open market operations to increase the short term federal funds interest rate.

Second, it could absorb excess German savings by letting unemployment rise as local manufacturers fired workers (because rising unemployment forces down the savings rate).

While the rest of the world struggles to raise savings, China, with a savings rate in excess of 40 , struggles to get its people to consume more.

Reintroducing the drachma risks exchange rate depreciation in excess of what is necessary to restore competitiveness, which would be inflationary and impose greater losses on drachmatized external debts.

Failure to address these important problems risks a continuing high rate of inflation, now running in excess of 20 per year one of the highest annual rates in the world, and well above the rate at which the Argentine peso is depreciating.

China s Excess Capacity Nightmare

The small excess of quarks over antiquarks led to a small excess of baryons over antibaryons.

A tax on oil, however, does not entail excess burdens. On the contrary, it implies excess benefits .

If you relieved the excess demand for financial assets, you also cured the excess supply of goods and services (the shortfall of aggregate demand) and the excess supply of labor (mass unemployment).

Access is good excess is bad.

The sound principle is excess collateral.

Italy and Spain would then be able to refinance their debt at close to the ECB s deposit rate, which is currently 1 on mandatory reserves and 25 basis points on excess reserve accounts.

Excess of authority or contravention of instructions

Mill saw that excess demand for some particular set of assets in financial markets was mirrored by excess supply of goods and services in product markets, which in turn generated excess supply of workers in labor markets.

The implication of this was clear. If you relieved the excess demand for financial assets, you also cured the excess supply of goods and services (the shortfall of aggregate demand) and the excess supply of labor (mass unemployment).

Rather, it will increase banks excess reserve balances.

(d) Net excess (shortfall) of income over expenditure

But, whether caused by an excess of cable television, or an excess of debates themselves, this silly season has seemed especially prolonged, even frightening.

But this excess growth has not been evenly spread.

Despite all this, massive excess bank reserves remain unlent.

Indeed, without adequate regulation, they are prone to excess.

The craving for excess wealth kept you people neglectful .

The craving for excess wealth kept you people neglectful .

(c) Interest income in excess of the budgetary estimates

Likewise, the Fed s policy of large scale asset purchases has increased commercial banks excess reserves to unprecedented levels (approaching 2 trillion), and has driven the real interest rate on ten year Treasury bonds to an unprecedented negative level.

The interest rate on these totally safe and liquid deposits induced the banks to maintain excess reserves at the Fed instead of lending and creating deposits to absorb the increased reserves, as they would have done before 2008.

And, if the exit occurs via a rise in the interest rate on excess reserves (to sterilize the effect of a base money overhang on credit growth), the ensuing losses for central banks balance sheets could be significant.

When there is no excess demand for cash, there will be no excess supply of the bonds and stocks that underpin and finance the economy s productive capital.

Incentive structures that encourage excess risk taking remain virtually unchanged.

Stopping the deployment of excess international search and rescue teams

Indeed, some Chinese authorities also maintain that renminbi appreciation would have no significant impact on China s trade balance because they believe that China s trade surplus is a reflection of excess saving and hence has nothing to do with the exchange rate.

O ye who believe ! make not unlawful the good things which Allah hath made lawful for you , but commit no excess for Allah loveth not those given to excess .

O ye who believe ! make not unlawful the good things which Allah hath made lawful for you , but commit no excess for Allah loveth not those given to excess .

The excess saving could also decline if housing construction picks up.

Under these circumstances, large excess capacity develops and commodity prices fall.

Investors might choose other places for their excess cash, like banks.

In 1998, excess capacity was estimated to be 275 Mt. worldwide.

Now, there are many ways to relieve excess demand for financial assets.

Finally, Spaniards could borrow excess German savings and increase consumption and investment.

Indeed, household sector debt is still in excess of 110 of disposable personal income and the personal saving rate remains below 3 , averages that compare unfavorably with the 75 and 7.9 norms that prevailed, respectively, in the final three decades of the twentieth century.

As a result, China now faces the problem of short term excess capacity.

But the more immediate problem remains deflation, given high unemployment and excess capacity.

In normal times, there are valid reasons for paying interest on excess reserves.