Chart: Figure 2 (Aaa variant): Credit-Market Sentiment and GDP Growth (1929-2015)#
Analogous to Figure II, using the Aaa (instead of Baa) corporate bond spread as the credit-spread component of sentiment.
Chart#
Sources: FRED, Office of Financial Research
Same construction as the Figure II replication chart (Table II column (1) only, no Shiller or rate/inflation data), with the Aaa-Treasury spread feeding the sentiment measure.
Chart Specs#
Chart Name |
Figure 2 (Aaa variant): Credit-Market Sentiment and GDP Growth (1929-2015) |
|---|---|
Chart ID |
figure_2_aaa_replication |
Tags |
Sentiment, Gdp Growth, Aaa, Figure 2, Extension |
Data Series Start Date |
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Data Frequency |
Annual |
Observation Period |
Calendar Year |
Lag in Data Release |
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Data Release Timing |
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Seasonal Adjustment |
Mixed |
Units |
Percentage Points |
HTML Chart |
Dataframe Manifest#
Dataframe Name |
FRED Processed Annual Series |
|---|---|
Dataframe ID |
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Sources |
FRED, Office of Financial Research |
Providers |
FRED, Office of Financial Research |
Provider Links |
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Tags |
Processed Data, Macroeconomic Data, Fred |
Access Types |
Public |
How is data pulled? |
Web API via Python |
Data available up to (min) |
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Data available up to (max) |
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Dataframe Path |
C:\Users\fraff\OneDrive\Documentos\UChicago\FINM_32900_Full_Stack_Quantitative_Finance\Project\p03_lopez_salido_stein_zakrajsek_2017_data\processed_data\fred_final_series_annual.parquet |
Linked Charts:
Pipeline Manifest#
Pipeline Name |
Credit-Market Sentiment and the Business Cycle |
|---|---|
Pipeline ID |
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Maintainer |
Fernando Raffo, Bangjie Xu |
Contributors |
Fernando Raffo, Bangjie Xu |
Repository |
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Pipeline Web Page |
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Date of Last Code Update |
2026-08-19 22:04:54 |
OS Compatibility |
Windows, Linux, MacOS |
Linked Dataframes |
P01:fred_macroeconomic_variables |