Tor Jacobson, Per Jansson, Anders Vredin, and Anders Warne, "Monetary
Policy Analysis and Inflation Targeting in a Small Open Economy: A VAR
Approach", Journal of Applied Econometrics, Vol. 16, No. 4, 2001, pp.
487-520.

The data are stored in the ASCII text file "jjvw-data.dat", which is in DOS
format and is zipped in the file jjvw-data.zip.

The rows are the dates and the columns are the variables.

The first row gives the 1970 Q1 observations and the final row gives the
1996 Q4 observation, a total of 108; the value -9999.99 means no value. The
variables are ordered as:

	p_t  e_t  p_t^*  y_t  y_t^*  i_t  i_t^*

The quarterly data set (with observations on all variables) runs from 1972:2
to 1996:4. Due to lags, the effective estimation period begins in 1973:2.
All series are seasonally unadjusted except for the two real GDP series,
which are preadjusted through regressions on seasonal dummies. The exact
definitions and sources of the variables are as follows:

* Real domestic output, y_t, is defined as 100*ln(Y_t), where Y_t is Swedish
real GDP in fixed 1991 prices (source: Statistics Sweden).

* The domestic price level, p_t, is given by 100*ln(P_t), where P_t is the
Swedish consumer price index in quarterly averages with 1991 as the base
year (source: Statistics Sweden).

* The domestic nominal interest rate, i_t, is defined as 100*ln(1+I_t/100),
where I_t is the Swedish three month treasury bills rate in percent, ultimo
(source: Sveriges Riksbank).

* The nominal exchange rate, e_t, is defined as 100*ln(S_t), where S_t is
the geometric sum (using IMF's TCW, Total Competitiveness Weights) of the
nominal Krona exchange rate of Sweden's 20 most important trading partners
(source: Sveriges Riksbank and IMF).

* Foreign real output, y_t^*, is given by 100*ln(Y_t^*), where Y_t^* is
German real GDP in fixed 1991 prices (source: Bundesbank).

* The foreign price level, p_t^*, is equal to 100*ln(P_t^*), where P_t^* is
the geometric sum (IMF's TCW) of the CPIs (quarterly averages, 1991 is the
base year) of Sweden's 20 most important trading partners (source: Sveriges
Riksbank and IMF).

* The foreign nominal interest rate, i_t^*, is calculated as
100*ln(1+I_t^*/100), where I_t^* is the German three month treasury bills
rate in percent, ultimo (source: Sveriges Riksbank).

5 dummy variables have been used in the estimation of the VAR model in
the paper. They are  (using RATS code):

	set d811 1972:2 1996:4 = t==1981:1
	set d813 1972:2 1996:4 = t==1981:3
	set d824 1972:2 1996:4 = t==1982:4
	set d792 1972:2 1996:4 = t>1979:1
	set d924 1972:2 1996:4 = t>1992:3


Anders Warne
Research Department
Sveriges Riksbank
10337 Stockholm, Sweden
Email: anders.warne@riksbank.se
Ph: +46 - (0)8 787 0282