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Table 3 Average propagation values over selected periods

From: Real-financial connectedness in the Swiss economy

PeriodDatesEnd of periodKOFSMIGSWISS10USDCHF
(a) KOF barometer
1Apr 99 - Mar 03End of 02-03 recession0.390.250.190.17
2Apr 03 - Mar 09End of 08-09 recession0.170.350.280.20
3Apr 09 - Aug 11Shortly before SNB 2011*0.310.290.270.13
4Sep 11 - Dec 14Shortly before SNB 2015*0.200.360.230.21
5Jan 15 - Mar 17End of data0.340.260.170.23
-Apr 99 - Mar 17End of data0.270.310.240.19
(b) RAI
PeriodDatesEnd of periodRAISMIGSWISS10USDCHF
1Apr 99 - Mar 03End of 02-03 recession0.230.360.280.13
2Apr 03 - Mar 09End of 08-09 recession0.200.360.240.19
3Apr 09 - Aug 11Shortly before SNB 2011*0.050.500.380.07
4Sep 11 - Dec 14Shortly before SNB 2015*0.220.320.250.20
5Jan 15 - Mar 17End of data0.220.290.200.29
-Apr 99 - Mar 17End of data0.190.360.270.18
  1. *SNB 2011 and SNB 2015 refer to SNB’s 2011 and 2015 decisions, respectively