Full text of Statements and Speeches of James J. McAndrews : Credit Growth and Economic Activity after the Great Recession : Remarks at the Economic Press Briefing on Student Loans, Federal Reserve Bank of New York : Charts

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

Table 1: Pattern of Real GDP Growth in Long Expansions
First 16 Quarters of Expansion
1960s

1980s

1990s

2000s

Current

Average Real GDP Growth Rate (%)

5.7

5.2

3.3

3.1

2.1

Average Contributions to (%) Change in Real GDP
PCE
Durable Goods
Nondurable Goods
Services
Residential Investment
Fixed Nonresidential Investment
Government Expenditures
Motor Vehicle Output

2.9
0.7
0.8
1.4
0.3
0.9
0.8
---

3.2
1.0
0.6
1.6
0.7
0.7
1.0
0.4

2.0
0.4
0.4
1.2
0.2
0.6
0.0
0.2

2.2
0.6
0.5
1.2
0.4
0.2
0.4
0.1

1.3
0.5
0.2
0.6
0.1
0.4
-0.2
0.3

Sources: Bureau of Economic Analysis; FRBNY staff calculations

Table 2: Pattern of Real GDP Growth in Long Expansions
Entirety of Expansion
1960s

1980s

1990s

2000s

Current

Average Real GDP Growth Rate (%)

4.9

4.3

3.6

2.8

2.3

Average Contributions to (%) Change in Real GDP
PCE
Durable Goods
Nondurable Goods
Services
Residential Investment
Fixed Nonresidential Investment
Government Expenditures
Motor Vehicle Output

2.8
0.6
0.8
1.4
0.1
0.8
1.0
---

2.6
0.6
0.5
1.5
0.3
0.5
0.8
0.2

2.5
0.6
0.4
1.4
0.2
0.9
0.2
0.2

2.0
0.5
0.4
1.1
-0.1
0.4
0.4
0.1

1.5
0.5
0.3
0.7
0.1
0.5
-0.2
0.3

Sources: Bureau of Economic Analysis; FRBNY staff calculations

1

Figure 1

Figure 2

2

Figure 3

Figure 4

3

Figure 5

Figure 6

4

Figure 7

Figure 8

5