Nelson and Plosser original data set

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

Usage

data(nporg)

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]

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

Bernhard Pfaff