Abstract
An economic variable may ‘overshoot’ its steady-state value in many different contexts. In recent economic theory the term has assumed a more specific meaning, describing a characteristic relationship between current returns and capital gains on financial assets.
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Niehans, J. (2018). Overshooting. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_1662
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DOI: https://doi.org/10.1057/978-1-349-95189-5_1662
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