Nora Traum and Shu-Chun Yang, "When Does Government Debt Crowd Out 
investment?," Journal of Applied Econometrics, Vol. 30, No. 1, 2015, pp. 
24-45.

The data file ty-data.txt is an ASCII file in DOS format. It is zipped
in the file ty-data.zip. Unix/Linux users should use "unzip -a".

The file ty-data.txt contains data from 1983Q1 to 2008Q1. There are 12
series (rows) in the order of C (consumption), I (investment), w
(wage), GC (government consumption), GI (government investment), Tk
(capital tax revenue), Tl (labor tax revenue), Tc (consumption tax
revenue), Z (transfers), L (hours worked), Pi (inflation), and R
(nominal interest rate). Each data point takes 15 characters.

Data sources and the data transformation process are described in
Section 2.1 of the Online Appendix.