MEANING
Moving in the same direction as the rises and falls of overall economic activity.
Use it for
describing behavior that follows an economic boom or downturn; contrasting policy that reinforces a cycle with policy that offsets it; analyzing changes that rise and fall with the economy; identifying feedback that may deepen a recessionNames movement in the same direction as the economic cycle and helps identify policies that may reinforce it. Writing functions: Change / Pattern / Trend.
Words that belong together
- procyclical fiscal policy
- procyclical lending
- procyclical behavior
On the page
The analysis describes bank lending as procyclical when it expands in booms and contracts in downturns.
A rule requiring spending cuts during recessions may produce procyclical fiscal policy.
Word forms
- Base
- procyclical
Usage notes
Normally non-gradable. Also pro-cyclical; the hyphenated form is a spelling alias. Identify the economic cycle or aggregate being compared. Register: technical. Commonness: moderately common in economics (qualitative editorial estimate, informed by dictionaries/corpus).
Practice this word in a sentenceYour margin notes
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