procyclical

English

Etymology

From pro- +‎ cyclical.

Adjective

procyclical (comparative more procyclical, superlative most procyclical)

1. (economics) 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.

2. (public policy) Magnifying the cyclical fluctuations of an economy.

Antonyms

• countercyclical

Derived terms

• procyclicality

See also

• acyclical