Table 6(A) was generated by running the Windows STATA/IC 10.1 do file "IM.do", which processes the modified STATA data file "OSTdata_mod.dta". The only modification consists of adding the region code "coarsecluster". The original files of Obstfeld et al. are found in the folder "OST-AEJM_Data_original.zip". 

Table 6(A) is replicated in the the file betaSEs.mat, which in turn is processed by the Windows Ox 7.0 program "IManalysis.ox" to generate Table 6(B).
