0 countercyclical activities do not follow the pattern which is normal in business or the economy:
1 countercyclical actions are aimed at helping the economy when it is experiencing difficulties:
The industry will be a key beneficiary of the Obama administration's counter-cyclical spending package.
The study also reveals that stock prices implied in the economies with short-sale constraints exhibit countercyclical movements.
We can see that, in general, all variables except government spending and net exports are countercyclical with respect to markups.
The present formulation thus considers separately the elasticity effect and investigates its importance for countercyclical markups in isolation.
Second, leisure is highly countercyclical in all countries and home hours are countercyclical in all countries.
Leisure and home hours are both countercyclical at all leads and lags.
The third optimality condition contains the essence for why the model with good-specific subsistence points provides a theory of countercyclical markups.
As a result, the incentive to use advance notice would be countercyclical since the probability that workers quit falls during recession.
Therefore, in world 2, the exit effect also tends to make v countercyclical.
