What is Credit Impulse?

The concept of credit impulse was first introduced by Deutsche Bank economist Michael Biggs, in November 2008. The concept emphasizes that spending is a flow and as such it should be compared with net new lending, a flow, rather than credit outstanding, which is a stock. Credit impulse is measured as the change in new credit issued as a percentage of the gross domestic product (GDP).

The studie…

You need to be a member of Integrated IAS General Studies Programme to view this content.

Comments