Sentences with phrase «below equilibrium levels»

Good article — helps point out why this cycle in residential real estate may have prices drop below equilibrium levels.

This piece will have echoes from my recent piece The Bane of Broken Balance Sheets, where I tried to point out why many assets are trading below equilibrium levels, but also why it is rational for them to be so valued, because of the lack of long - term financing capacity.

When above the equilibrium level BNO (S) will require additional surface energy to maintain the global temperature and will require to store energy away when temperature is below the equilibrium level.

michael hart, that may be, but as the emission rate rises, the equilibrium level where they balance rises too, and we are well below the equilibrium level even for the current emission rate.

Not exact matches

Let's look at what could cause the equilibrium CAPE to fall back toward, or even below, its long - term average, causing the current level of CAPE to tumble.

When there is no solar heating above some level, the net non-SW heat flux must be upward and constant at all levels from the tropopause to TOA in equilibrium, to balance solar heating below that level.

In the approximation of zero non-radiative vertical heat fluxes above the tropopause, net upward LW flux = net downward SW flux (equal to all solar heating below) at each vertical level (in the global time average for an equilibrium climate state) at and above the tropopause (for global averaging, the «vertical levels» can just be closed surfaces around the globe that everywhere lie above or at the tropopause; the flux would then be through those surfaces, which wouldn't be precisely horizontal but generally approximately horizontal).

If there is significant solar heating below the tropopause level then there must be a significant net LW flux up through the tropopause (assuming relatively small convective or kinetic energy transfer through that level), so increasing GHG optical thickness can never saturate the tropopause level forcing at all LW wavelengths (by bringing net LW flux at tropopause to zero) in an equilibrium climate.

If the tropopause level LW flux were ever saturated over the whole LW portion of the spectrum, and there were still significant solar heating below that level, then the tropopause would tend to shift upward to where the LW flux is not saturated at some frequencies; in an equilibrium climate, the net LW flux out of the tropopause has to balance SW heating below the tropopause (in the approximation of zero non-radiative flux out of the tropopause), and thus can not be zero.

Water vapor is the major greenhouse gas and helps to warm the Earth if temperatures are below the «equilibrium» level (thermostat temperature)-- so called positive feedback.

Gas dissolved in ice is in equilibrium with gas in bubbles above about 500 m, and with gas in the clathrates that appear below that level.

The study didn't explore anything like full ranges of key climate parameters: equilibrium climate sensitivities below 2 K were not included in the ensemble, only a limited range of ocean heat uptake levels appears to have been considered, and it is unclear to me to what extent the possibility of aerosol forcing being small was represented.

This will put the unemployment rate further below the so called full - employment or natural equilibrium level; indeed, today's unemployment rate is already below the official estimate by the Federal Reserve of the full - employment level, which is 4.7 %.

This will put the unemployment rate further below the so - called full employment or natural equilibrium level; indeed, today's unemployment rate is already below the official estimate by the Federal Reserve of the full employment level, which is 4.7 percent.