Glossary entry (derived from question below)
Spanish term or phrase:
un efecto procíclico
English translation:
A PROCYCLICAL EFFECT
Spanish term
un efecto procíclico
Thanks in advance
| 5 +6 | A PROCYCLICAL EFFECT |
Eileen Brophy
|
| procyclic, countercyclic, acyclic |
argosys
|
Aug 24, 2009 14:04: Eileen Brophy changed "Edited KOG entry" from "<a href="/profile/876326">Dave Pugh's</a> old entry - "un efecto procíclico"" to ""A PROCYCLICAL EFFECT""
Non-PRO (1): JAN SNAUWAERT
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Proposed translations
Spain
The Right Word Used in the Right Context
Native in: English (Variant: UK)
Works in: Spanish to English, English to Spanish
A PROCYCLICAL EFFECT
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Note added at 6 mins (2009-08-18 10:33:33 GMT)
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Increasing during booms and decreasing during recession
Reference comments
procyclic, countercyclic, acyclic
Procyclic: A procyclic (or procyclical) economic indicator is one that moves in the same direction as the economy. So if the economy is doing well, this number is usually increasing, whereas if we're in a recession this indicator is decreasing. The Gross Domestic Product (GDP) is an example of a procyclic economic indicator.
Countercyclic: A countercyclic (or countercyclical) economic indicator is one that moves in the opposite direction as the economy. The unemployment rate gets larger as the economy gets worse so it is a countercyclic economic indicator.
Acyclic: An acyclic economic indicator is one that has no relation to the health of the economy and is generally of little use. The number of home runs the Montreal Expos hit in a year generally has no relationship to the health of the economy, so we could say it is an acyclic economic indicator.
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