Description

Wooldridge Source: Economic Report of the President, various years. Data loads lazily.

Usage

Format

A data.frame with 286 observations on 20 variables:

• price: consumer price index

• wage: nominal hourly wage

• t: time trend = 1, 2 , 3, ...

• lprice: log(price)

• lwage: log(wage)

• gprice: lprice - lprice[_n-1]

• gwage: lwage - lwage[_n-1]

• gwage_1: gwage[_n-1]

• gwage_2: gwage[_n-2]

• gwage_3:

• gwage_4:

• gwage_5:

• gwage_6:

• gwage_7:

• gwage_8:

• gwage_9:

• gwage_10:

• gwage_11:

• gwage_12:

• gprice_1: gprice[_n-1]

Notes

These monthly data run from January 1964 through October 1987. The consumer price index averages to 100 in 1967.

Used in Text: pages 405, 444-445, 671.

Source

https://www.cengage.com/cgi-wadsworth/course_products_wp.pl?fid=M20b&product_isbn_issn=9781111531041

Examples