West German Business Cycles 1955-1994
A data frame with 157 observations on the following 14 variables.
a factor with levels
2 (upper turning points),
3 (downswing), and
4 (lower turning points).
Private Consumption (y)
Government deficit (percent of GNP)
Wage and salary earners (y)
Net exports as (percent of GNP)
Money supply M1 (y)
Investment in equipment (y)
Investment in construction (y)
Unit labor cost (y)
GNP price deflator (y)
Consumer price index (y)
Short term interest rate (nominal)
Long term interest rate (real)
where (y) stands for “yearly growth rates”.
Note that years and corresponding year quarters are given in the row names of the data frame, e.g. “1988,3” for the third quarter in 1988.
The West German Business Cycles data (1955-1994) is analyzed by the project B3 of the SFB475 (Collaborative Research Centre “Reduction of Complexity for Multivariate Data Structures”), supported by the Deutsche Forschungsgemeinschaft.
RWI (Rheinisch Westfälisches Institut für Wirtschaftsforschung), Essen, Germany.
Heilemann, U. and Münch, H.J. (1996): West German Business Cycles 1963-1994: A Multivariate Discriminant Analysis. CIRET–Conference in Singapore, CIRET–Studien 50.
For benchmarking on this data see also
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