Descriptions of files in the Gnp folder FOLDER NAME: Gnp Contains two sub-folders: Domgnp & Intlgnp SUB-FOLDER: Domgnp FILE NAME: Domgnp.xls - Economic data for the US DESCRIPTION OF DATA SET: Annual economic data for the US for 1909 to 1970. SOURCE OF DATA SET: Charles P. Nelson and Charles I. Plosser, "Trends and Random Walks in Macroeconomic Time Series: Some Evidence and Implications," Journal of Monetary Economics, 1982, pp.139-162 NUMBER OF OBSERVATIONS: 62 VARIABLES IN THE FILE: Variable name and description year - Year of data rgnp - Real Gross National Product gnp - Gross National Product gnppc - Real per capita GNP indprod - Industrial production emp - Employment rate unemp - Unemployment rate gnpdef - GNP deflator cpi - Consumer Price Index wage - Wages rwage - Real wages money - Money stock vel - Velocity bond - Bond yield sp500 - Common stock prices dwage - Lagged diff in wages COLUMN HEADINGS AND FIRST FOUR RECORDS AS THEY APPEAR IN THE FILE: (from Domgnp.xls) year rgnp gnp gnppc indprod emp unemp gnpdef cpi wage 1909 116.8 33400 1291 10 35072 5.1 29.1 28 599 1910 120.1 35300 1300 10.6 35762 5.9 29.9 29 651 1911 123.2 35800 1312 10.2 36179 6.7 29.7 29 632 (cont.) rwage money vel bond sp500 dwage 21.39 12.7 2.19 3.77 9.71 . 22.45 13.3 2.17 3.8 9.35 52 21.79 14.1 2.07 3.9 9.24 -19 *************************** SUB-FOLDER: Intlgnp FILE NAMES: Swegnp.xls - Economic data for Sweden Ukgnp.xls - Economic data for the United Kingdom Usgnp.xls - Economic data for the United States DESCRIPTION OF DATA SET: Annual economic data for the three countries listed above for the years 1889 to 1983. SOURCE OF DATA SET: David K. Backus and Patrick J. Kehoe, "International Evidence on the Historical Properties of Business Cycles," American Economic Review, Vol 82, 1992, PP. 864-888. NUMBER OF OBSERVATIONS: 95 VARIABLES IN THE FILES: Variable name and description year - Year of data output - Output (millions US$) priceind - Price index consump - Cconsumption (millions US$) invest - Investment (millions US$) govtexp - Government expenditures (millions US$) income - Income (millions US$) COLUMN HEADINGS AND FIRST FOUR RECORDS AS THEY APPEAR IN THE FILE: (from Swegnp.xls) year output priceind consump invest govtexp income 1889 32.346 0.043009 27.45573 2.969757 2.479169 32.90466 1890 33.30925 0.043484 28.42902 2.997665 2.504815 33.9315 1891 34.67707 0.043912 29.71695 2.430526 2.532605 34.68008