Data and Code for: Optimal Inflation Target in an Economy with Menu Costs and a Zero Lower Bound
Principal Investigator(s): View help for Principal Investigator(s) Andres Blanco, University of Michigan
Version: View help for Version V1
| Name | File Type | Size | Last Modified |
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| Data | 05/06/2020 09:06:AM | ||
| codes | 05/06/2020 09:04:AM | ||
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text/plain | 708 bytes | 06/30/2021 12:14:PM |
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text/plain | 1.7 MB | 06/30/2021 12:26:PM |
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application/pdf | 102 KB | 05/06/2020 05:03:AM |
Project Citation:
Blanco, Andres. Data and Code for: Optimal Inflation Target in an Economy with Menu Costs and a Zero Lower Bound. Nashville, TN: American Economic Association [publisher], 2021. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2021-07-08. https://doi.org/10.3886/E118523V1
Project Description
Summary:
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These files contain the programs and data for the journal article "Optimal Inflation Target in an Economy with Menu Costs and a Zero Lower Bound," American Economic Journal: Macroeconomics.
Scope of Project
Subject Terms:
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macroeconomics;
monetary policy
JEL Classification:
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E30 Prices, Business Fluctuations, and Cycles: General (includes Measurement and Data)
E50 Monetary Policy, Central Banking, and the Supply of Money and Credit: General
E60 Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook: General
E30 Prices, Business Fluctuations, and Cycles: General (includes Measurement and Data)
E50 Monetary Policy, Central Banking, and the Supply of Money and Credit: General
E60 Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook: General
Geographic Coverage:
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United State and United Kingdom
Time Period(s):
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1960 – 2017 (time period aggregate data: 1960-2017; Time period micro-level price data: 1996-2017)
Collection Date(s):
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9/2018 – 9/2018
Universe:
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Aggregate data: United States. MIcro-price level data: United Kingdom outlets used for the construction of the CPI.
Data Type(s):
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administrative records data;
aggregate data
Methodology
Data Source:
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1- United Kingdom’s Office for National Statistics. 1996-2005. “CPI and RPI item indices and price quotes.” Retrieved from https: // webarchive. nationalarchives. gov. uk/ 20160109121317/ http: // www. ons. gov. uk/ ons/ rel/ cpi/ consumer-price-indices/ cpi-and-rpi-item-indices-and-price-quotes/ rpt-cpi---rpi-item-indices---price-quotes. html , September 24th, 2018.
2- United Kingdom’s Office for National Statistics. 2006-2017. “Con-
sumer price inflation item indices and price quotes.” Retrieved from https:
// www. ons. gov. uk/ economy/ inflationandpriceindices/ datasets/ consumerpriceindicescpiandretailpricesindexrpiitemindicesandpricequotes , September 24th, 2018.
3- U.S. Bureau of Economic Analysis. 1947-2017a. “Gross Domestic Prod- uct: Implicit Price Deflator [A191RI1Q225SBEA].” retrieved from FRED, Fed- eral Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/ A191RI1Q225SBEA , September 24th, 2018.
4- U.S. Bureau of Economic Analysis. 1947-2017b. “National In- come and Product Accounts: Table 1.1.5.” retrieved from https: // apps. bea. gov/ iTable/ iTable. cfm? reqid= 19\ &step= 3\ &isuri=
1- United Kingdom’s Office for National Statistics. 1996-2005. “CPI and RPI item indices and price quotes.” Retrieved from https: // webarchive. nationalarchives. gov. uk/ 20160109121317/ http: // www. ons. gov. uk/ ons/ rel/ cpi/ consumer-price-indices/ cpi-and-rpi-item-indices-and-price-quotes/ rpt-cpi---rpi-item-indices---price-quotes. html , September 24th, 2018.
2- United Kingdom’s Office for National Statistics. 2006-2017. “Con-
sumer price inflation item indices and price quotes.” Retrieved from https:
// www. ons. gov. uk/ economy/ inflationandpriceindices/ datasets/ consumerpriceindicescpiandretailpricesindexrpiitemindicesandpricequotes , September 24th, 2018.
3- U.S. Bureau of Economic Analysis. 1947-2017a. “Gross Domestic Prod- uct: Implicit Price Deflator [A191RI1Q225SBEA].” retrieved from FRED, Fed- eral Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/ A191RI1Q225SBEA , September 24th, 2018.
4- U.S. Bureau of Economic Analysis. 1947-2017b. “National In- come and Product Accounts: Table 1.1.5.” retrieved from https: // apps. bea. gov/ iTable/ iTable. cfm? reqid= 19\ &step= 3\ &isuri=
1\ &nipa_ table_ list= 5\ &categories= survey , September 24th, 2018.
5- U.S. Bureau of Labor Statistics. 1947-2017b. “Major Sector Productivity and Costs: Total Nonfarm Business, Hourly Compensation, Seasonally Adjusted- PRS85006103.” United States Department of Labor. Retrieved from BLS; http: // data. bls. gov/ cgi-bin/ srgate , September 24th, 2018.
6- U.S. Bureau of Labor Statistics. 1948-1976. “Major Sector Productivity and Costs: Total Nonfarm Business, Hourly Compensation, Seasonally Adjusted- LFU800000000.” United States Department of Labor. Retrieved from BLS; http: // data. bls. gov/ cgi-bin/ srgate , September 24th, 2018.
7- U.S. Bureau of Labor Statistics. 1976-2017a. “Major Sector Productivity and Costs: Total Nonfarm Business, Hourly Compensation, Seasonally Adjusted- LNS10000000.” United States Department of Labor. Retrieved from BLS; http: // data. bls. gov/ cgi-bin/ srgate , September 24th, 2018.
5- U.S. Bureau of Labor Statistics. 1947-2017b. “Major Sector Productivity and Costs: Total Nonfarm Business, Hourly Compensation, Seasonally Adjusted- PRS85006103.” United States Department of Labor. Retrieved from BLS; http: // data. bls. gov/ cgi-bin/ srgate , September 24th, 2018.
6- U.S. Bureau of Labor Statistics. 1948-1976. “Major Sector Productivity and Costs: Total Nonfarm Business, Hourly Compensation, Seasonally Adjusted- LFU800000000.” United States Department of Labor. Retrieved from BLS; http: // data. bls. gov/ cgi-bin/ srgate , September 24th, 2018.
7- U.S. Bureau of Labor Statistics. 1976-2017a. “Major Sector Productivity and Costs: Total Nonfarm Business, Hourly Compensation, Seasonally Adjusted- LNS10000000.” United States Department of Labor. Retrieved from BLS; http: // data. bls. gov/ cgi-bin/ srgate , September 24th, 2018.
Unit(s) of Observation:
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prices quotes,
Country aggregate data
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