NPORG: Nelson & Plosser original data set

Description Usage Format Author(s) Source References

Description

This data set contains the fourteen U.S. economic time series used by Nelson \& Plosser in their seminal paper.

Usage

1

Format

A data frame containing fourteen series.

year Time index from 1860 until 1970.
gnp.r Real GNP,
[Billions of 1958 Dollars], [1909 -- 1970]
gnp.n Nominal GNP,
[Millions of Current Dollars], [1909 -- 1970]
gnp.pc Real Per Capita GNP,
[1958 Dollars], [1909 -- 1970]
ip Industrial Production Index,
[1967 = 100], [1860 -- 1970]
emp Total Employment,
[Thousands], [1890 -- 1970]
ur Total Unemployment Rate,
[Percent], [1890 -- 1970]
gnp.p GNP Deflator,
[1958 = 100], [1889 -- 1970]
cpi Consumer Price Index,
[1967 = 100], [1860 -- 1970]
wg.n Nominal Wages
(Average annual earnings per full-time employee in manufacturing),
[current Dollars], [1900 -- 1970]
wg.r Real Wages,
[Nominal wages/CPI], [1900 -- 1970]
M Money Stock (M2),
[Billions of Dollars, annual averages], [1889 -- 1970]
vel Velocity of Money,
[1869 -- 1970]
bnd Bond Yield (Basic Yields of 30-year corporate bonds),
[Percent per annum], [1900 -- 1970]
sp Stock Prices,
[Index; 1941 -- 43 = 100], [1871 -- 1970]

Author(s)

Bernhard Pfaff

Source

Nelson, C.R. and Plosser, C.I. (1982), Trends and Random Walks in Macroeconomic Time Series, Journal of Monetary Economics, 10, 139–162.

References

http://korora.econ.yale.edu/phillips/index.htm


urca documentation built on May 2, 2019, 2:08 a.m.

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