Countercyclical in example sentence

As the crisis hit, stronger banking systems and effective macroeconomic policies – including fiscal responsibility and low public debt, exchange-rate flexibility, and a large accumulation of international reserves – allowed Latin American countries to implement unprecedented countercyclical policies.

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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