README FILE for Tables 1  2

Time Aggregation and the Relationship between Inflation and Money Growth
Journal of Money, Credit, and Banking

Authors: Janice Boucher Breuer, John McDermott, Warren E. Weber
Corresponding author: Janice Boucher Breuer
Email: boucher@moore.sc.edu

Four (4) data sets (.csv or Stata .dta) are used to create Tables 1-2:
      MS15-487AnnualData
      MS15-487HalfdecadeData
      MS15-487DecadeData
      MS15-487CountryAveragedData (cross-section)

Stata Program (saved as .do and as .txt) creates Tables 1  2
	MS15-487RegressionsStataDoFile

Labels for the variables in the data sets are:

Country  country name

isocode  3 letter code for each country

year***  
      year reported for annual data

yearhdec  last year of the half-decade. For example, for half decade from e.g. 1960-1964, then yearhdec =1964.

yeardec  last year of the-decade. For example, for decade from e.g. 1960-1969, then yeardec =1969.

	halfdec is a counter for the half-decade constructed from the annual data.  For example, if annual data begins in 1970-2011, then halfdec will count 8 half-decades.  (2010-1011 	will not count as a half-dec observation, see Section 2 of paper).

	decade is a counter for the decade constructed from the annual data. For example, if annual data begins in 1970-2011, then decade will count 4 decades.  (2010-2011 will not 	count as decade observation, see Section 2 of paper).

obs  Number of annual observations per country where three variables on inflation, money growth, and output growth are jointly available (number depends on whether annual, half-decade, or decade data are used)

firstyr  first year (in period) for which all 3 variables on inflation, money growth, and output growth are jointly available.  Period = annual, half-decade, decade, or country-average.

lastyr  last year (in period) for which all 3 variables on inflation, money growth, and output growth are jointly available. Period = annual, half-decade, decade, or country-average.

inf  inflation rate calculated using change in natural log change of CPI.  CPI data from IFS CD ROM 2014.

gmz  growth rate of money calculated using change in natural log of money measure - M2 or MQM. Money data from IFS CD ROM 2014.  (See Section 2 of paper for details).

gry8na  growth rate in output calculated using change in natural log of output measure.  Output data from Penn World Tables v 8.0, RGDP8NA series.

infave  average rate of inflation over the full sample period by country.

gmzave  average rate of money growth over the full sample period by country.


