Figure 6.
The two plots are labelled A and B. Panel A is titled One quarter ahead. Panel B is titled One year ahead. In both panels, the horizontal axis along the front ranges approximately from 2 to 7. The horizontal axis along the side spans years from 2010 to 2022. The vertical axis in Panel A ranges from 0 to about 4.5. The vertical axis in Panel B ranges from 0 to about 2.0. Each panel displays a continuous surface with peaks concentrated around values between 4 and 6 in later years.Estimated conditional distribution
Note(s): This figure displays the one-quarter-ahead and one-year-ahead predictive conditional distributions for real GDP growth over the period 2009:Q1 to 2022:Q1. These are based on quantile regression with current real GDP growth and CLIMATE as conditioning variables