Countercyclical
in example sentence
And it is unclear whether the penalties for total deficits that exceed 3% of GDP would be painful enough for countries to sacrifice greater
countercyclical
fiscal stimulus.
More example sentences with word countercyclical
The faster and more robust recoveries that characterized most previous recessions reflected aggressive
countercyclical
monetary policy by the Fed, which cut the short-term interest rate very sharply.
The rapid deterioration of fiscal position after the crisis made any substantial
countercyclical
response impossible, while regulatory constraints limited the economy’s structural flexibility.
It would be far better for the German government to take the bull by the horns by defining the principles of a European economic government in such a way that both
countercyclical
debt policy within the Maastricht framework and the ECB’s independence are preserved.
Not surprisingly, when global recession hit in 2008, most countries had little or no “fiscal space” to implement
countercyclical
policy.
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