IMF-supported Programs in Crisis: Countercyclical, not Procyclical! James Roaf, IMF Deputy Chief, Emerging Market Division Strategy, Policy and Review Department ...
... to lend excessively in booms, and contract excessively in crisis ... IRB Banks in currency dependent countries engage in excessively procyclical lending ...
Increasing flexibilization of employment relations and deepening ... Countercyclical development of labour turnover persisting. 3. 0.9. 1.3. 2.1. 2.5. EU 15 ...
An example: Lewis, Rogalski and Seward (1998) investigate whether 'issuers vary ... Across the Business Cycle. Costly State Verification countercyclical ...
Countercyclical Easing ('Accommodation') Recent FOMC Statements. Recent FOMC Statements ... Committee believes that policy accommodation can be maintained for a ...
... the economies of the US, like many other countries, have grown tremendously. This long-term economic expansion has been periodically interrupted by temporary ...