Gunter Coenen and Juan-Luis Vega, "The Demand for M3 in the Euro Area",
Journal of Applied Econometrics, Vol. 16, No. 6, 2001, pp. 727-748.

The time series which were used in the empirical analysis are 
found in the file cv-data.dat, which is a plain ASCII text file. There are
seven variables:

    m: nominal money stock M3 (computed using fixed weights 
       based on GDP at PPP rates)
    p: GDP deflator
    y: real GDP
   RS: 3-month money market rate
   RL: 10-year government bond yield
   m*: nominal money stock M3 (computed in euro using fixed 
       conversion rates)
DUM86: dummy variable (accounting for special developments
       in German data)

The series are organized by columns and cover the time period 1980:Q1 to
1998:Q4.

The series m, p, y and m* are expressed in logarithmic form, 
while the series RS and RL are expressed at annualized rates.  

For more details on the series, see section 2.2 of the article.


Günter Coenen
Directorate General Research
European Central Bank
Kaiserstrasse 29
D-60311 Frankfurt am Main

e-mail: gunter.coenen@ecb.int