The term taper refers to a gradual reduction in size, intensity or level. It can be used in various contexts such as economics, sports and healthcare. In economics, it is referred to as tapering off, which means reducing the amount of stimulus provided by central banks to stabilize an economy. This could involve decreasing bond purchases or raising interest rates.
In sports, taper refers to a reduction in training volume leading up to an event such as a marathon or race. The goal is to allow the body to rest and recover while maintaining fitness levels. In healthcare, tapering can refer to reducing medication dosage gradually over time to minimize withdrawal symptoms.
Overall, taper refers to any process of gradual reduction in something, whether it be stimulus or activity level.