Learn R Programming

urca (version 0.2-0)

nporg: Nelson & Plosser original data set

Description

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

Usage

data(nporg)

Arguments

format

A data frame containing fourteen series. rl{ 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] }

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