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Procyclical has a different meaning in the context of economic policy. In this context, it refers to any aspect of economic policy that could magnify economic or financial fluctuations. Of course, since the effects of particular policies are often uncertain or disputed, a policy will be often procyclical, countercyclical or acyclical according ...
The wage share (arguably) as countercyclical, but also as a lagging indicator with respect to the employment rate as procyclical indicator in the US Procyclical indicators move in the same direction as the general economy: they increase when the economy is doing well; decrease when it is doing badly. Gross domestic product (GDP) is a procyclic ...
Vice versa, a countercyclical variable has a negative correlation. An acyclical variable with a correlation close to zero implies no systematic relationship to the business cycle. We find that productivity is slightly procyclical, which suggests workers and capital are more productive when the economy is experiencing a boom.
In 1868, the California Legislature authorized the first of many ad hoc Code Commissions to begin the process of codifying California law. Each Code Commission was a one- or two-year temporary agency which either closed at the end of the authorized period or was reauthorized and rolled over into the next period; thus, in some years there was no ...
Bernard Witkin's Summary of California Law, a legal treatise popular with California judges and lawyers. The Constitution of California is the foremost source of state law. . Legislation is enacted within the California Statutes, which in turn have been codified into the 29 California Co
A State Farm Insurance sign on a destroyed building during the Eaton Fire in Altadena, California, US, on Wednesday, Jan. 8, 2025. (Michael Nigro—Bloomberg)
The US withdrawal is the “most momentous” of all the executive orders signed Monday, said Lawrence Gostin, a public health law professor at Georgetown University, warning it “could be sowing ...
This is the type of activity that’s well within the definition of poaching,” said Patrick Foy, captain of the California Fish and Wildlife Department’s legal division.