Procyclic: Overview and Examples in Economics - Investopedia
2024年7月31日 · Procyclic refers to a condition of a positive correlation between the value of a good, a service, or an economic indicator and the overall state of the economy. Some …
Procyclical and countercyclical variables - Wikipedia
Procyclical and countercyclical variables are variables that fluctuate in a way that is positively or negatively correlated with business cycle fluctuations in gross domestic product (GDP). The …
Procyclic Definition & Examples - Quickonomics
2023年10月25日 · Procyclic is a term used to describe a variable that moves in the same direction as the overall business cycle. That means it tends to increase during periods of economic …
Understanding procyclicality - ESSEC Business School
Procyclicality (i.e.the tendency of risk measurements to overestimate future risk in times of crisis, while underestimating it in normal times) is a major problem that all financial institutions must …
Procyclical and countercyclical variables explained
Procyclical. In business cycle theory and finance, any economic quantity that is positively correlated with the overall state of the economy is said to be procyclical. That is, any quantity …
Business Cycle Indicators - New York University
Cyclical behavior of economic variables and BC indicators: Direction: procyclical, countercyclical or acyclical variable. Timing: leading, coincident or lagging variable. Example: Industrial …
U.S. labor and total factor productivity have historically been procyclical—rising in booms and falling in recessions. After the mid-1980s, however, TFP became much less procyclical with …
Why Has the Cyclicality of Productivity Changed? What Does It …
Key Findings. The key empirical proximate "fact" driving the changes in the cyclicality of productivity is reduced variation in factor utilization. Indeed, empirically, variations in factor …
The Fed - Why is Productivity Procyclical? Why Do We Care?
2021年2月5日 · Productivity rises in booms and falls in recessions. There are four main explanations for procyclical productivity: (i) procyclical technology shocks, (ii) widespread …
Why Is Productivity Procyclical? Why Do We Care? | NBER
Productivity rises in booms and falls in recessions. There are four main explanations for this procyclical...