procyclicalitás
Procyclicality refers to the tendency of a variable to move in the same direction as the overall economy. When the economy is expanding, a procyclical variable increases, and when the economy is contracting, it decreases. This is in contrast to countercyclical variables, which move in the opposite direction of the economy.
Examples of procyclical variables include employment, consumption, and investment. During economic booms, businesses hire more workers,
Procyclicality is a key concept in macroeconomics. Understanding which variables are procyclical helps economists and policymakers
The degree of procyclicality can vary across different economic sectors and time periods. Factors such as consumer