Blanchard/Quah (1989) dataset
BQdata.RdThis dataset contains a (159 x 2)-dimensional matrix with quarterly data of real GDP growth rates (first column) and the unemployment rate in the USA. It starts in the second quarter of 1948 and ends in the last quarter of 1987. The script for transforming the raw data (as csv-file) to the matrix BQdata is available in the data-raw directory. This dataset was used in Gourieroux, Monfort, Renne (2019)
Format
A tibble (BQdata), a ts-object (BQdata_ts), or an xts-object (BQdata_xts) with 159 rows and 2 variables (plus a timestamp, so in total 3):
- date
Timestamp as column of type dttm for the tibble, and as index for the ts and xts object.
- rGDPgrowth_demeaned
The real GDP growth series is demeaned with respect to two different subperiods: Till the last quarter of 1973 and from the first quarter of 1974
- unemp_detrended
The unemployment rate is detrended with respect to a linear trend (and an intercept).
An object of class mts (inherits from ts, matrix) with 159 rows and 2 columns.
An object of class xts (inherits from zoo) with 159 rows and 2 columns.