Some suggest replacing corporate and sovereign ratings with credit-default-swap prices, but these too can be procyclical.
一些人提议用信用违约互换的价格来替代公司和主权信用评级，但其同样也会扩大经济波动。
But such downturns are more severe in countries with the Anglo-Saxon sort of financial system, because their lending is more procyclical.
不过对于那些拥有英美式金融体系的国家来说，这种下滑会更加严重，因为他们的信贷行为更加具有顺周期的性质。
It is found that TFP growth rate increases by degrees generally but fluctuates markedly and shows the procyclical characteristic.
结果发现，我国全要素生产率总体上是递增的，但波动剧烈且呈现顺周期的特征。
It is found that TFP growth rate increases by degrees generally but fluctuates markedly and shows the procyclical characteristic.
结果发现，我国全要素生产率总体上是递增的，但波动剧烈且呈现顺周期的特征。
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