RDP 8909: Optimal Wage Indexation, Monetary Policy and the Exchange Rate Regime Appendix 1: Data Definitions and Sources
December 1989
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Definitions:
| y: | real GNP(GDP) |
| m: | M1 |
| g: | real government consumption |
| p: | GNP(GDP) deflator |
| w: | hourly earnings |
| e: | trade weighted nominal exchange rate |
| pf: | trade weighted GNP(GDP) deflator |
The data are seasonally adjusted.
The sources for the data were the International Financial Statistics, published by the International Monetary Fund and the OECD Economic Outlook. The trade weights were calculated from exports and imports data from the IMF's publication, Direction of Trade. The details of these calculations are available from the author on request.