urca (version 1.2-9)

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)

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]

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