What does procyclical and countercyclical mean?
Definitions for procyclical and countercyclical
pro·cycli·cal and coun·ter·cycli·cal
This dictionary definitions page includes all the possible meanings, example usage and translations of the word procyclical and countercyclical.
Wikipedia
procyclical and countercyclical
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.
Wikidata
Procyclical and countercyclical
Procyclical and countercyclical are terms used to describe how an economic quantity is related to economic fluctuations. Their meanings may vary with regard to business cycle theory and economic policy making.
Numerology
Chaldean Numerology
The numerical value of procyclical and countercyclical in Chaldean Numerology is: 5
Pythagorean Numerology
The numerical value of procyclical and countercyclical in Pythagorean Numerology is: 3
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"procyclical and countercyclical." Definitions.net. STANDS4 LLC, 2024. Web. 23 Apr. 2024. <https://www.definitions.net/definition/procyclical+and+countercyclical>.
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