Undershoot

The first day, I think I undershot how much I should've been drinking, because it had almost no effect on me.

Just weeks ago, however, America’s top epidemiologists badly undershot how quickly COVID-19 would spread.

In this model, a fiscal or saving shock in one country leads to an overshoot of the real exchange rate between the two countries and of the real interest rate in the other country, and an undershoot of the real interest rate in the first country.