Procyclical

From CNM Wiki
Revision as of 18:30, 2 July 2020 by Kainat9 (talk | contribs) (Created page with "Procyclical is moving in the same direction as output, incomes, and employment over the business cycle; falling during recessions and rising during recoveries. (Cf. acycli...")
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to: navigation, search

Procyclical is moving in the same direction as output, incomes, and employment over the business cycle; falling during recessions and rising during recoveries. (Cf. acyclical, countercyclical.)

Definition

According to Macroeconomics by Mankiw (7th edition),

Procyclical. Moving in the same direction as output, incomes, and employment over the business cycle; falling during recessions and rising during recoveries. (Cf. acyclical, countercyclical.)