2024年7月31日 · Procyclic is a condition where the behavior and actions of a measurable product or service move in tandem with the cyclical state of the economy.

When referring to fiscal policy procyclical means an increase in public spending and a reduction in taxes during an economic boom while reducing spending and increasing taxes when the economy is going through a period of recession. A countercyclical policy would be the opposite - cutting spending and raising taxes during a boom and increasing ...