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Eighty Years of Observations on the Adjusted Monetary Base: 1918-1997 (ICPSR 1199) RSS

Principal Investigator(s):

Summary:

Recent trends in empirical macroeconomic research embedding long-run relationships between seasonal cycles and business cycles and building endogenous growth models, along with the interest of policymakers in inflation targeting, have increased the importance of long-time series of macroeconomic data. Among the more important time series are quantitative measures of monetary policy, such as the adjusted monetary base. Previously published data for the Federal Reserve Bank of St. Louis adjusted monetary base begin in 1935 (seasonally unadjusted), and in 1950 (seasonally adjusted). In this analysis, the authors develop a consistent time series for the adjusted monetary base that begins in 1918, shortly after the founding of the Federal Reserve System.

Access Notes

  • These data are flagged as replication datasets and are distributed exactly as they arrived from the data depositor. ICPSR has not checked or processed this material. Users should consult the investigator(s) if further information is desired.

  • These data are freely available.

Dataset(s)

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Data:

Study Description

Citation

Anderson, Richard G., and Robert H. Rasche. Eighty Years of Observations on the Adjusted Monetary Base: 1918-1997. ICPSR01199-v1. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 1999-06-23. http://doi.org/10.3886/ICPSR01199.v1

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Scope of Study

Subject Terms:   business cycles, economic history, economic policy, inflation, monetary policy

Geographic Coverage:   United States

Time Period:  

  • 1918--1997

Data Collection Notes:

The file submitted is JF99AR.ZIP, which unzips to numerous program and data files. There is also a readme.txt file that explains all the program and data files.

These data are part of ICPSR's Publication-Related Archive and are distributed exactly as they arrived from the data depositor. ICPSR has not checked or processed this material. Users should consult the investigator(s) if further information is desired.

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