IEA Pocket Charts: Panel A-4 (full-width)

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Panel A-4 (full-width)
Household Credit Asset Cumulation and Money Supply (Credit Sources)
(% of Trend GNP, an 8-quarter centered moving average of actual GNP;
ratios calculated from current-$ values)

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General notes

This is one of over 20 chart panels taken as a sample from the 1977 Annual Historical Supplement of IEA Pocket Charts. The compact and analytically advanced economic charts feature the following analytical features:

1. "Flat horizontal" presentation, as growth rates or ratios to GDP -- to facilitate comparisons of different time periods and series
2. Fluctuations shaded to "normal" lines -- made possible by such presentation
3. Smoothing -- Panels A-3 and A-4 use a 4-quarter centered moving averages, used as a proxy for seasonal adjustment. The final two quarters are "seasonally adjusted" independently
4. Economic conditions displayed for context as vertical bands or lines (see Economic Fluctuations Viewed in Growth Perspective for definitions of these terms), clearly illustrated in chart Panel 1:
   • recessions by light shading
   • periods of stagnation by stippling
   • absolute "contractions" (as defined by the National Bureau of Economic Research (NBER)) by dashed lines