Countercyclical: Difference between revisions
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An economic or financial policy that works against the cyclical tendencies in the economy. Countercyclical policies cool down the economy when it is in an upswing, and stimulate the economy when it is in a downturn. | An economic or financial policy that works against the cyclical tendencies in the economy. | ||
Countercyclical policies cool down the economy when it is in an upswing, and stimulate the economy when it is in a downturn. | |||
Opposite to Procyclical. | Opposite to Procyclical. | ||
Revision as of 11:55, 5 August 2013
An economic or financial policy that works against the cyclical tendencies in the economy.
Countercyclical policies cool down the economy when it is in an upswing, and stimulate the economy when it is in a downturn.
Opposite to Procyclical.
