Dynamic Empirical Flow Impulse Model
The Capital Flow* Impulse & the Credit Flow** Impulse in Nonfinancial Business in USA
(percentage points, year over year rate change, grey areas = recessions acc. to NBER)
Created with Raphaƫl 2.1.2
Investment
-20
-15
-10
-5
0
5
10
1974
1976
1978
1980
1982
1984
1986
1988
1990
1992
1994
1996
1998
2000
2002
2004
2006
2008
2010
2012
2014
2016
Credit
Investment
* Net fixed capital formation as percentage of net value added (12-month trailing sums)
** Total net credit as percentage of net value added (debt securities and loans, 12-month trailing sums)
Source:
BEA
,
Federal Reserve
|
@KeineWunder
|
www.weitwinkelsubjektiv.com
|
Date: 26.06.16
f
in