procyclicality
procyclicality
English Definitions:
procyclicality (Noun)
The quality of being procyclical.
procyclicality
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.
Citation
Use the citation below to add this dictionary page to your bibliography:
Style:MLAChicagoAPA
"procyclicality." Kamus.net. STANDS4 LLC, 2024. Web. 29 Apr. 2024. <https://www.kamus.net/english/procyclicality>.
Discuss this bahasa indonesia procyclicality translation with the community:
Report Comment
We're doing our best to make sure our content is useful, accurate and safe.
If by any chance you spot an inappropriate comment while navigating through our website please use this form to let us know, and we'll take care of it shortly.
Attachment
You need to be logged in to favorite.
Log In