In our experiment we found that people tend to undershoot when they believe that
undershooting is more energy efficient and overshoot when they believe that overshooting is more energy efficient.
we are concerned that in an effort to establish credibility the MPG may have biased policy towards
undershooting the target." Others have also argued along similar lines.
Novo Nordisk saw its net profit fall to DKK2.323bn in the fourth quarter of 2009 from DKK2.33bn a year earlier,
undershooting the DKK2.402bn average estimate in an analyst poll by SME Direkt.
"In the November Inflation Report, the committee's projection for inflation showed a substantial risk of
undershooting the 2% CPI inflation target in the medium term.
Sushil Wadhwani, whose three-year term on the Bank's monetary policy committee (MPC) ends today, said he feared the Bank may come under attack for
undershooting the Government's inflation target of 2.5 pc.
The cross-party Commons Treasury Select Committee also recently expressed concern that, in its efforts to establish its anti-inflation credentials, the MPC may have 'biased policy towards
undershooting the target'.
John O'Sullivan, economist with Greenwich NatWest, said there was now a greater risk of inflation
undershooting, rather than overshooting, the Government's target level.
Fed's Powell may accept a temporary overshoot on inflation according to Bloomberg Fedwatcher Rich Miller, potentially up to 2.5% after years of
undershooting the target.
10 May 2011 - Swedish builder Peab AB (STO: PEAB B) said today its pretax profit declined to SEK74m in the first quarter of 2011 from SEK104m a year earlier, reflecting increased costs and
undershooting analyst expectations by 56%.
The Commons Treasury Committee said in a report that it was 'concerned that in an effort to establish credibility the MPC may have biased policy towards
undershooting the inflation target'.
6 May 2011 - Norway's top bank DnB NOR ASA (OSL: DNBNOR) said today its pre-tax profit dropped 5% year-on-year to NOK3.805bn in the first quarter of 2011,
undershooting the market consensus by 22%.
Skanska saw its net profit halve on the year to SEK335m in the first quarter of 2011, reflecting lower revenues and
undershooting analyst expectations of SEK515m.
