What does procyclical mean?
Definitions for procyclical
pro·cycli·cal
This dictionary definitions page includes all the possible meanings, example usage and translations of the word procyclical.
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Wiktionary
procyclicaladjective
Moving in the same direction as the overall state of an economy
The employment rate is procyclical, when the economy is doing well more people are working, when it's not doing well, fewer people are working.
procyclicaladjective
Magnifying the cyclical fluctuations of an economy.
Wikipedia
procyclical
Procyclical and countercyclical variables are variables that fluctuate in a way that is positively or negatively correlated with business cycle fluctuations in gross domestic product (GDP). The scope of the concept may differ between the context of macroeconomic theory and that of economic policy–making. The concept is often encountered in the context of a government's approach to spending and taxation. A 'procyclical fiscal policy' can be summarised simply as governments choosing to increase government spending and reduce taxes during an economic expansion, but reduce spending and increase taxes during a recession. A 'countercyclical' fiscal policy takes the opposite approach: reducing spending and raising taxes during a boom period, and increasing spending and cutting taxes during a recession.
Numerology
Chaldean Numerology
The numerical value of procyclical in Chaldean Numerology is: 8
Pythagorean Numerology
The numerical value of procyclical in Pythagorean Numerology is: 9
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"procyclical." Definitions.net. STANDS4 LLC, 2024. Web. 25 Apr. 2024. <https://www.definitions.net/definition/procyclical>.
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