Below are three data sets to be used in estimating money demand functions -- after you "click" on the filename, save the file to a directory or folder for the course on your computer.

Basic instructions for using the EViews econometrics software are here.

Two of the EViews work-files are data sets for the 1959 to 2013/2014 period:

ma5913.wf1 contains annual observations

mq5914.wf1 contains quarterly observations

The variable names in these data sets are:

          CTPI                      GDPchain-type price index
          DR                         Fed’s discount rate
          FFR                        federal funds rate
          NCURR                 nominal currency
          NGDP                    nominal GDP
          NM1                      nominal M1
          NM2                      nominal M2
          NPIPC                   nominal personal income per capita
          POP                       population
          RCURR                  real currency
          RCURRPC             real currency per capita
          RESID                    (this variable contains the values of the residuals from the last estimated equation)
          RGDP                     real GDP
          RGDPPC                real GDP per capita
          RM1                       real M1
          RM1PC                  real M1 per capita
          RM2                       real M2
          RM2PC                  real M2 per capita
          RPIPC                    real personal income per capita (deflated using the PCE ctpi)
          TBSM3M               Treasury bill secondary market 3-month rate
          TCM10Y                Treasury constant maturity 10-year rate
          TCM1Y                  Treasury constant maturity 1-year rate
          YEAR or TREND   linear measure of time

The other EViews work-file – fsmdat2a.wf1 – contains annual data for 1867 to 1975 from Milton Friedman & Anna Schwartz.

The variable names in this data set are:
           HPM              high-powered money, aka the monetary base
           IPD                implicit price deflator
           LTR1             long-term interest rate (1)
           LTR2             long-term interest rate (2)
           NCUR           nominal currency
           NCURPC      nominal currency per capita
           NM               nominal money stock
           NMPC          nominal money stock per capita
           NY                nominal income
           NYPC           nominal income per capita
           POP              population
           RCUR           real currency
           RCURPC      real currency per capita
           RESID          (this variable contains the residuals from the last regression estimated)
           RM               real money stock
           RMPC          real money stock per capita
           RY                real income
           RYPC           real income per capita
           STR1            short-term interest rate (1)
           STR2            short-term interest rate (2)
           YEAR           the year – for time trend