procyclical

This is because state constitutions require balanced budgets, which lead to a "procyclical" -- that is, downturn enhancing -- fiscal policy of budget cuts and tax increases.

Harry Moroz: Realigning The Third Wheel 2009

Critics said mark-to-market accounting can exacerbate market swings, or be "procyclical," by forcing write-downs and emergency capital raising precisely at times when the economy is weakest.

Regulators Draw Fire in Congress 2009

Stark said tax cuts would be "procyclical" policy in a situation where the German economy is growing, and added fiscal policy should be restrictive to countersteer economic swings.

ECB's Stark: Germany should not cut taxes | Reuters 2010

Additionally, certain accounting rules and other regulations have made the financial sector excessively "procyclical" or sensitive to economic booms and busts.

Business and financial news - CNNMoney.com 2009

"procyclical": it rose during booms and fell during recessions.

The New Yorker 2009

"procyclical": it rose during booms and fell during recessions.

The New Yorker 2009

'procyclical' attack ads may be effective in attacking the government, but not necessarily great for turning round Enda Kenny's own relatively poor showing (- 2\%) as leader.

Slugger O'Toole 2008

'procyclical' attack ads may be effective in attacking the government, but not necessarily great for turning round Enda Kenny's own relatively poor showing (- 2\%) as leader.

Slugger O'Toole 2008

'procyclical' attack ads may be effective in attacking the government, but not necessarily great for turning round Enda Kenny's own relatively poor showing (- 2\%) as leader.

Slugger O'Toole 2008

'procyclical' attack ads may be effective in attacking the government, but not necessarily great for turning round Enda Kenny's own relatively poor showing (- 2\%) as leader.

Slugger O'Toole 2008