Sentence examples for fiscal procyclicality from inspiring English sources
'On graduation from fiscal procyclicality'.
We all applauded when many countries in sub-Saharan Africa in 2009 were able to mitigate the worst effects of the global crisis by actively deploying countercyclical fiscal policy, or at least avoiding fiscal procyclicality.
This paper assesses the impact of different types of flexible fiscal rules on the procyclicality of fiscal policy with propensity scores-matching techniques, thus mitigating traditional self-selection problems.
The characteristics that distinguish most developing countries, compared to large industrialized countries, include: greater exposure to supply shocks in general and trade volatility in particular, procyclicality of both domestic fiscal policy and international finance, lower credibility with respect to both price stability and default risk, and other imperfect institutions.
Downgrades also amplify procyclicality.
The first of these concerns "procyclicality".
