adjective

• Consistent with or tending to magnify the fluctuations in an economic cycle.

  ‘countries that were able to adopt less procyclical macroeconomic policies were less affected by the recent crisis’

  More example sentences

  • ‘I would argue that the policies that were most procyclical in recent years were housing finance policies.’
  • ‘They use deceptively intuitive procyclical arguments to line their own pockets.’
  • ‘The wages of job stayers, and even of those who remain in the same job with the same employer, are still mildly procyclical.’
  • ‘It failed to prevent or deal with financial crises in emerging markets because of its aggressively procyclical conditionalities.’
  • ‘The negative relationship in the models they review arises from procyclical movements in real interest rates and in inflation.’