Fig. 6
From: The term structure, leading indicators, and recessions: evidence from Switzerland, 1974–2017

Term spread 12 months before and after the onset of a recession. t indicates the first month of a recession
From: The term structure, leading indicators, and recessions: evidence from Switzerland, 1974–2017
Term spread 12 months before and after the onset of a recession. t indicates the first month of a recession