Tables from " The American Business Cycle "

Presented here are the tables of quarterly data from Appendix B of "The American Business Cycle: Continuity and Change" Edited by Robert J. Gordon. National Bureau of Economic Research Studies in Business Cycles Volume 25, Univerisity of Chicago Press 1986. For information about sources and methods please see that volume.

A feature of that volume is an extensive data appendix, compliled as a project independent of the conference in collaboration with Nathan S. Balke. The unique value of this data set is the fact that it is the only existing source for the pre-1947 quarterly data, as NIPA quarterly data series do not otherwise exist before 1947. These files include the components of GDP back from 1941 to 1919 and the quarterly real GDP back to 1875.

Quarterly Data Downloads:

abcq.html HTML
abcq.dta Stata
abcq.csv ASCII
abcq.xls Excel

Monthly Data Downloads

abcm.html HTML
abcm.dta Stata
abcm.csv ASCII
abcm.xls Excel

The .dta file may be fetched from within Stata, e.g.:


Quarterly 1875 to 1983

1YEAR4-digit Year
3GNPNominal GNP
4RGNP72Real GNP (1972 dollars)
5GNPD72GNP Deflator (1972=100)
6TRGNPTrend Real GNP
7CPRATECommercial Paper rate
8CORPYIELDYield on Corporate Bonds
9M1 Money Supply M1
10M2 Money Supply M2
11BASEMoney Supply Base
12CSTOCKIndex of all Common Stocks
13WPRICE67Index of wholesale prices

Quarterly 1919-1941,1947-1983

1YEAR 4-digit Year
2QUARTER Quarter
3PRODURNO Producers Durable Equipment, Nominal
4PRODUR72 Producers Durable Equipment, Real 1972$
5PRODURDF Producers Durable Equipment, Deflator
6NONRESNO Non-Residential Structures, Nominal
7NONRES72 Non-Residential Structures, Real 1972$
8NONRESDF Non-Residential Structures, Deflator
9IRESNOM Investment Residential Structures, Nominal
10IRES72 Investment Residential Structures, 1972$
11IRESDEF Investment Residential Structures, Deflator
12DBUSINOM Change Bus Inventories, Nominal
13DBUSI72 Change Bus Inventories, 1972$
14CDURNOM Consumption Durable Goods, Nominal
15CDUR72 Consumption Durable Goods, 1972$
16CDURDEF Consumption Durable Goods, Deflator
17CNDURNOM Nondurable Goods and Services, Nominal
18CNDUR72 Nondurable Goods and Services, 1972$
19CNDURDEF Nondurable Goods and Services, Deflator
20XPTNOM Exports, Nominal
21XPT72 Exports, 1972$
22XPTDEF Exports, Deflator
23MPTNOM Imports, Nominal
24MPT72 Imports, 1972$
25MPTDEF Imports, Deflator
26GOVPURNO Government Purchases, Nominal
27GOVPUR72 Government Purchases, 1972$
28GOVPURDF Government Purchases, Deflator
29NCSPDE72 Net Capital Stock Producers Durable Equipment, 1972$
30NCSBS72 Net Capital Stock Business Structures, 1972$
31NCSCON72 Net Capital Stock Consumer Durable, 1972$
32CCSPDE72 Cost Capital Services Producer Durables, 1972$
33CCSBS72 Cost Capital Services Business Structures, 1972$

Monthly 1929-1942

1YEAR 4-digit Year
2MONTH Month
3PRDCTN29Total Manufacturing: Production 1929$
4SHPMNT29Total Manufacturing: Shipments 1929$
5INVTRY29Total Manufacturing: EOM Inventory 1929$
6PRDCTN Total Manufacturing: Production
7SHPMNT Total Manufacturing: Shipments
8INVTRY Total Manufacturing: EOM Inventories

Corrections to the Published Data

All the dollar amounts are given in both real and nominal amounts, and we have checked for consistency. In one case (Nominal Shipments: October 1942) we have here replaced the published number 18713.6 with a seemingly correct 28713.6. In the case of GNP for 1898:4 there is a small (>1%) discrepancy, but no correction is obvious.

The NBER also hosts the Macrohistory Database with many more series collected by the NBER in its founding days and through the 1960s.

Posted February 2008 by feenberg at nber dot org. Comments welcome

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