Replication files for

Prices, Wages and the U.S. NAIRU in the 1990's

by D. Staiger, J.H Stock and M.W. Watson

(May 2001)

The files are organized around the two main sectios of the paper: the macroeconomic analysis of Sections 2-5 and the state analysis of sections 6-9.

Macro Files:

Analysis is carried out using RATS and GAUSS.  RATS files are in \rsage\ddisk\rts, and GAUSS files are in \rsage\ddisk\gss.

All of the figures with the exception of figure 2 were constructed in Excel.  They can be found in the files in \rsage\ddisk\excel.


The data can be found in \rsage\ddisk\data.  Two of the series (exchange rates and demographically adjusted unemployment) were computed in Excel.  These series can be found in \rsage\ddisk\excel.

Figure 1:
 Graph formed in \rsage\ddisk\excel\fiugre 1.xls
 Data for the figure constructed in \rsage\ddisk\rts\fig1_dat.rts
 
Figure 2:
 \rsage\ddisk\gss\figure2.gss
 
Figure 3:
  Data produced in \rsage\ddisk\gss\figure3.gss
  Figure plotted in rsage\ddisk\excel\figures 3-6.xls

Figure 4: 
  Data produced in \rsage\ddisk\gss\figure4.gss
  Figure plotted in rsage\ddisk\excel\figures 3-6.xls

Figure 5  
  Data produced in \rsage\ddisk\gss\figure5.gss
  Figure plotted in rsage\ddisk\excel\figures 3-6.xls
  
Figure 6
  Data produced in \rsage\ddisk\gss\figure6.gss
  Figure plotted in rsage\ddisk\excel\figures 3-6.xls

Figure 7
  Data produced in \rsage\ddisk\gss\figure7.gss
  Figure plotted in rsage\ddisk\excel\figure7.xls

Figure 8
  Data are from \rsage\ddisk\gss\figure2.gss
  Figure plotted in rsage\ddisk\excel\figure8.xls

Table 1:
 Results for the this table are computed in \rsage\ddisk\rts\table1.rts
  95% CI for the largest AR root were determined from the table given in Stock (1991).

Table 2: 
 \rsage\ddisk\gss\table2.gss
 
Table 3: 
 \rsage\ddisk\gss\table3a.gss
 \rsage\ddisk\gss\table3b.gss
 \rsage\ddisk\gss\table3c.gss
 \rsage\ddisk\gss\table3d1.gss
 \rsage\ddisk\gss\table3d2.gss
 \rsage\ddisk\gss\table3e.gss
 \rsage\ddisk\gss\table3f1.gss
 \rsage\ddisk\gss\table3f2.gss
 
Table 4: 
 \rsage\ddisk\gss\table4.gss
 
Table 5:
 \rsage\ddisk\gss\table5a.gss
 \rsage\ddisk\gss\table5b1.gss
 \rsage\ddisk\gss\table5b2.gss
 \rsage\ddisk\gss\table3c.gss
 \rsage\ddisk\gss\table5d1.gss
 \rsage\ddisk\gss\table5d2.gss
 \rsage\ddisk\gss\table5e.gss
 \rsage\ddisk\gss\table5f.gss
 
Tables 6-12
 See the documentation in \rsage\ddisk\state\readme.doc