Definition of "procyclical" [procyclical]

• Moving in the same direction as the overall state of an economy (adjective)
• Magnifying the cyclical fluctuations of an economy. (adjective)

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• "This is because state constitutions require balanced budgets, which lead to a "procyclical" -- that is, downturn enhancing -- fiscal policy of budget cuts and tax increases."
• "Critics said mark-to-market accounting can exacerbate market swings, or be "procyclical," by forcing write-downs and emergency capital raising precisely at times when the economy is weakest."
• "Stark said tax cuts would be "procyclical" policy in a situation where the German economy is growing, and added fiscal policy should be restrictive to countersteer economic swings."