procyclicaladj.
/prəʊˈsɪklᵻkl/, /prəʊˈsʌɪklᵻkl/, U.S. /proʊˈsɪklək(ə)l/, /proʊˈsaɪklək(ə)l/ Economics.
Tending to magnify the fluctuations in an economic cycle.
ΚΠ
1952 Amer. Econ. Rev. 42 263 It would seem sufficient..to administer the loan insurance and loan guarantee programs so as to prevent them from acting in a pro-cyclical fashion.
1984 Washington Post 21 Feb. a16/5 Except for some credit programs in agriculture and utilities, the bulk of industrial support is procyclical—that is, tends to be greater during the upswings of the business cycle when such support may be least warranted.
2001 B. Lietaer Future of Money 252 The fact that the quantity of Terra in circulation would be counter-cyclical to the business cycle would therefore tend to counteract the pro-cyclical nature of the conventional money system.
This is a new entry (OED Third Edition, June 2007; most recently modified version published online March 2022).
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adj.1952