Luca Benati and Thomas A. Lubik, "Sales, Inventories, and Real
Interest Rates: A Century of Stylized Facts", Journal of Applied
Econometrics, Vol. 29, No. 7, 2014, pp. 1210-1222.

The dataset for the paper has been split into two ASCII files,
DataInterwar.txt and DataPostWWII.txt.


The file DataInterwar.txt contains data for the for the interwar period.
The columns of this file are:

Column 1: Quarter

Column 2: Real sales (=(nominal GNP-change in nominal inventories)/GNP
deflator)

Column 3: Change in real inventories (=change in nominal
inventories/GNP deflator) (OK, near-identical to DBUSI72)

Column 4: Real GNP computed as the ratio between nominal GNP and the
GNP deflator (OK, identical to RGNP72)

Column 5: Real Potential GNP

Column 6: GNP deflator

Column 7: CPRATE

Column 8: NYFed Discount Rate


The file DataPostWWII.txt contains data for the post-WWII period.
The columns of this file are:

Column 1: Quarter

Column 2: Real sales (=(nominal GDP-change in nominal inventories)/GDP
          deflator)

Column 3: Change in real inventories (=change in nominal
          inventories/GDP deflator)

Column 4: Real Gross Domestic Product From the NIPA, computed as the
          ratio between nominal GDP and the GDP deflator (OK, 
          identical to the chain-weighted index, GDPC96)

Column 5: Real Potential Gross Domestic Product GDPPOT U.S. Congress:
          Congressional Budget Office Budget and Economic Outlook Not 
          Applicable Quarterly Billions of Chained 2005 Dollars

Column 6: GDP deflator From: NIPA Table 1.1.9. Implicit Price
          Deflators for Gross Domestic Product

Column 7: 3-Month Treasury Bill: Secondary Market Rate TB3MS Board of
          Governors of the Federal Reserve System H.15 Selected 
          Interest Rates Not Applicable

Column 8: Civilian Unemployment Rate UNRATE U.S. Department of Labor:
          Bureau of Labor Statistics Employment Situation Seasonally 
          Adjusted Monthly Percent

Column 9: Real Gross Domestic Product, 3 Decimal GDPC96 U.S.
          Department of Commerce: Bureau of Economic Analysis Gross 
          Domestic Product


Both files are zipped in the file bl-data.zip. Unix/Linux users should
use "unzip -a".

For any question, please send an email to:

luca.benati [AT] vwi.unibe.ch
thomas.lubik [AT] rich.frb.org