Anindya Banerjee, Lynne Cockerell, and Bill Russell, "An I(2) Analysis of Inflation and the Markup", Journal of Applied Econometrics, Vol. 16, No. 3, 2001, pp. 221-240. All data are in the file bcr-data.dat, which is an ASCII file in DOS format that is zipped in the file bcr-data.zip. To unzip on a Unix system, use "unzip -a". The zip file also contains BCR-Data.xls, an Excel spreadsheet file that contains exactly the same data as bcr-data.dat. The data in the file are quarterly, seasonally adjusted (unless otherwise stated below), and cover the period from 1970:1 to 1995:2. The data are arranged in columns. The first column contain the dates, and the last two rows contain the pneumonic for each series set out below. The order below corresponds to the order in the columns in the file. Description of Data PMP Private consumption deflator at market prices from Australian Bureau of Statistics (ABS) Quarterly National Accounts. Catalogue No. ABS 5206.0. TAX Non-farm indirect taxes less subsidies as a percentage of non-farm GDP at factor cost measured on an income basis. From ABS Quarterly National Accounts. Catalogue No. ABS 5206.0. Note that the variable used in the paper is calculated as the difference of the log of the variable (1 + TAX/100). PFC Private consumption deflator at factor cost. Derived from PMP and TAX. PFC = PMP/(1+Tax), where Tax is the proportion (and not the percentage, as in TAX) of indirect tax less subsidies in nominal GDP. ULC Unit labour costs on a national accounts basis, adjusts for changes in the proportion of self employed in the workforce. ABS National Income Forecasting Database. PM Import price deflator of goods and services. From ABS Quarterly National Accounts. Catalogue No. ABS 5206.0. WDL Working days lost due to strikes. ABS Industrial Disputes. Catalogue No. ABS 6321.0 Not seasonally adjusted. EMP Employed persons. From ABS Labour Force Survey. Catalogue No. ABS 6203.0. Average of months. Not seasonally adjusted. STRIKESNSA Derived series. STRIKESNSA = WDL / EMP. Not seasonally adjusted. STRIKESSA Derived series. STRIKESSA is STRIKESNSA seasonally adjusted using EZX-11. STRIKES Derived series. This variable is STRIKESSA demeaned and adjusted for a shift in mean in March 1983. STRIKES is the residual from regressing STRIKESSA on a constant and a dummy for March 1983 to June 1995. UE Unemployment rate. Average of months. From ABS Labour Force Survey Catalogue No. ABS 6203.0. PET Petrol price index. From ABS Consumer Prices Survey Catalogue No. ABS 6401.0. Prior to September 1974 spliced with headline CPI index from same release.