Katarina Juselius, "European Integration and Monetary Transmission
Mechanisms: The Case of Italy", Journal of Applied Econometrics, Vol. 16,
No. 3, 2001, pp. 341-358.

All files, which are in DOS format, are zipped in the file juselius.zip. Unix
users should use "unzip -a" when unzipping this file.

Description of the data, program and output files:

The raw data organized by variable are given in the ASCII file itmon.dat.
The order of the variables is defined in the CATS program file itmon.prg,
where also all details about the VAR model specification can be found. One
missing value is denoted "NA".

The detailed description of the data and the data sources can be found in
the file itmoney.inf. It goes together with the file itmoney.bn7 which
contains the data in GiveWin format. If you have access to GiveWin, the
description of each variable can be read directly from the database.
Otherwise, it straightforward to get the same information from itmoney.inf,
which is a human readable file.

In addition there are three output files: nom_analysis.txt (the output
related to Section 4.2), realmon_period1.txt and realmon_period2.txt (output
related to Section 5).  Note that there is more output results in these
files than reported in the paper, because of substantial cuts in the paper
during the revision process.

The time series in itmon.dat are for the period 1974:1 to 1997:4. They are

* nm2 = log of nominal M2
* rm2 = log of M2/CPI
* p = log of CPI
* im2 = interest rate on M2
* ib = the alternative interest rate (medium term bond rate)
* y = the log of real GDP