RDP 9411: Demand Shocks, Inflation and the Business Cycle Appendix 1: Data Means and Standard Deviations

Richard De Abreu Lourenco and Philip Lowe

December 1994

Actual Expected Unexpected
  Mean
 		 Standard
Deviation		 Mean
 		 Standard
Deviation		 Mean
 		 Standard
Deviation
Prices 32.47 23.48 37.77 21.18 −5.30 7.80
Output 4.14 21.40 10.63 20.12 −6.49 11.11
Demand −0.12 24.41 7.50 21.16 −7.62 13.98
Costs 55.98 22.75 51.88 22.13 4.11 8.14
Inflation 7.66 3.92 7.66 3.85 0.00 0.78
Capacity −21.51 24.62