13+Business+Cycles--An+Introduction

10 05 00 95 90 85 80 75 70 65 60 source federal

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10 05 00 95 90 85 80 75 70 65 60 Source: Federal Reserve Board /Haver Analytics 20 16 12 8 4 0 20 16 12 8 4 0 13-35 Macro Variable and the Business Cycle Interest Rate Spread on Government Securities % 10 05 00 95 90 85 80 75 70 65 60 Source: Haver Analytics 4 2 0 -2 -4 4 2 0 -2 -4 13-36 Macro Variable and the Business Cycle Interest Rate Spread--Corporate versus Government Bonds % 10 05 00 95 90 85 80 75 70 65 60 Source: Haver Analytics 8 6 4 2 0 8 6 4 2 0
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