countercyclical
- adjective
- /ˌkaʊntərˈsɪkl/
- Specialized
- They find that countercyclical monetary policy reduces the reduction of bank credit in the post-crisis period.
- countercyclical policy
Examples
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Without the automatic countercyclical response of financial markets and the ability to use monetary policy to offset a decline in demand, European governments would want to use tax cuts and increases in government outlays to stimulate demand and reverse cyclical increases in unemployment.
Academic text (1997) -
Part-time enrollments show similar countercyclical patterns.
Academic text (2012) -
Information from the national accounts helps the government in its countercyclical policy.
Blog text (9) -
As would be expected, growth of debt is typically countercyclical to GDP growth.
Blog text (23) -
While developed countries engage in stabilizing countercyclical policies, developing countries would be forced into destabilizing policies, driving away capital when they need it most.
Blog text (25) -
During the Great Recession, the struggle to come up with effective countercyclical policies while confronting significant financial market disruption and the zero lower bound led to innovations in monetary policy that, in some cases, tested the boundaries between monetary and fiscal policy.
Academic text (2016) -
This discrepancy has led to some informed speculation about the possible countercyclical function of Rondonia's livestock sector in Brazil's beef-diet economy, a subject worthy of further research.
Academic text (1994) -
Obviously, fiscal policies should, instead, be countercyclical in order to fulfill the basic principle of consumption smoothing at the aggregate level and the idea of accumulating public sector precautionary savings as insurance against future recessions.
Blog text (11) -
Many of these programs are countercyclical, meaning that they automatically expand during economic downturns.
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The next recession is going to be very intellectually interesting for you economists because there are no countercyclical measures left.
Surface Forms
Morphology
Etymology
Countercyclical comes from counter- meaning 'against' and cycle meaning 'a series that repeats, like the economy's ups and downs'. So countercyclical describes actions that go 'against the cycle', such as policies that move opposite to economic ups and downs to help keep things steady.