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Countercyclical vs Procyclical - What's the difference?

countercyclical | procyclical | Antonyms |

Procyclical is a antonym of countercyclical.



In economics terms the difference between countercyclical and procyclical

is that countercyclical is moving in the opposite direction as the overall state of an economy while procyclical is moving in the same direction as the overall state of an economy.

In public policy terms the difference between countercyclical and procyclical

is that countercyclical is dampening the cyclical fluctuations of an economy while procyclical is magnifying the cyclical fluctuations of an economy.

countercyclical

English

Adjective

(en adjective)
  • (economics) Moving in the opposite direction as the overall state of an economy
    • "The unemployment rate is countercyclical , it's lower when economic health is high, and higher when the economic health is lower."
  • (public policy) Dampening the cyclical fluctuations of an economy.

    • Antonyms

    * procyclical

    See also

    * acyclical * countercyclicality

    procyclical

    English

    Adjective

    (en adjective)
  • (economics) Moving in the same direction as the overall state of an economy
    • The employment rate is procyclical , when the economy is doing well more people are working, when it's not doing well, fewer people are working.
  • (public policy) Magnifying the cyclical fluctuations of an economy.

    • Antonyms

    * countercyclical

    Derived terms

    * procyclicality

    See also

    * acyclical