3. Data on Consumer Credit and Interest Rates The Federal Reserve Board collects the aggregate data on consumer credit in the United States. Information on the methods and variables is available here: https :f/www.federa1reserve .gov/releases/g1Q/about .htm. This as- signment is designed to help you gain familiarity with the available data on con- sumer credit in the United States. The landing page for the data on consumer credit that is available is: httpsszwuiederalreserve .gov/releases/g19/ currentfdef ault .htm From this page, you can select the time periods and the variables you are interested in and download them in Excel format. i) Plot the ratio of the total flow to the total level outstanding of both revolving and non-revolving debt between 2000 and the last available year. Do you notice any particular patterns in the evolution of these two variables? ii) Download the data for debt service ratio here: https : //ww . federalre serve . gov/releases/housedebt/default .htm. The debt service ratio is the ratio of outstanding debt to disposable income Compare the time path for the debt ser- vice ratio for consumer debt to the behavior of the two variables you plotted in point i]. How does the debt service ratio evolve in relation to the ow of new revolving and non-revolving debt? iii] Download the data on interest rates for new car loans, credit card plans and personal loans from 2000 until the most recent available date. Download data for the same period on interest rates on bank prime loans and the discount window rate available here: https : Kim . federalreserve . govfreleases/hlf. How do the different interest rates respond to changes in the discount window rate? Is there evidence that interest rate on credit cards respond less to changes in the discount window rate than other interest rates