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This file contains the data underlying the analysis of the 'Great Recession' in:
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Christiano, Lawrence J., Martin S. Eichenbaum, and Mathias Trabandt. 2015. "Understanding the Great Recession." American Economic Journal: Macroeconomics, 7(1): 110-67.
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DOI: 10.1257/mac.20140104
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For details about the data sources, please see the sheet 'Sources'.
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Real GDPInflation RateFederal Funds RateUnemployment RateEmployment to Population RatioReal WageReal ConsumptionReal InvestmentLabor Force to Population RatioJob Finding RateVacanciesG-Z SpreadTFPGov. Consumption & InvestmentConsumption Wedge
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Time/Unitsln, per capitapercent, year-on-year, CPI ex food and energyannual percentpercentpercentlnln, per capitaln, per capitapercentpercentlnpercent, annualizedlnln, per capitapercent, annualized
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1985.00-3.16934.56218.48007.200060.00004.3114-5.8971-6.319864.800065.86968.53810.98844.3736-4.5650-3.8981
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1985.25-3.16264.38567.92007.300060.00004.3121-5.8905-6.306964.800063.10388.53541.18354.3768-4.5444-2.9968
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1985.50-3.14984.02887.90007.200060.10004.3205-5.8812-6.294464.700065.69978.54561.19184.3810-4.5238-3.0655
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1985.75-3.14534.16958.10007.000060.40004.3298-5.8755-6.283865.000064.55358.55131.37764.3860-4.5234-3.6144
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1986.00-3.14104.15567.83007.000060.50004.3393-5.8738-6.282765.000069.59098.55491.74794.3910-4.5201-3.6144
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1986.25-3.13913.93566.92007.200060.60004.3555-5.8693-6.286565.200065.34278.55011.88674.3948-4.5027-3.2519
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1986.50-3.13203.99016.21007.000060.80004.3620-5.8652-6.280165.400064.03808.54392.12014.3970-4.4830-1.9335
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1986.75-3.12973.80076.27006.800060.90004.3687-5.8578-6.286665.400068.60898.53562.01404.3975-4.4917-1.9483
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1987.00-3.12633.53146.22006.600061.10004.3622-5.8492-6.292765.500069.93968.55481.91964.3971-4.4890-1.7656
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1987.25-3.11803.90056.65006.300061.40004.3590-5.8427-6.282065.500071.32998.53551.69754.3973-4.4828-1.4343
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1987.50-3.11163.89266.84006.000061.70004.3600-5.8387-6.270865.600072.78798.53961.69264.3986-4.4831-1.6667
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1987.75-3.09774.07876.92005.800061.90004.3637-5.8341-6.238565.700073.60838.56111.51494.4012-4.4735-1.5679
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1988.00-3.09484.23986.66005.700062.00004.3741-5.8240-6.258765.800070.03028.58441.64484.4043-4.4831-1.8001
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1988.25-3.08404.24427.16005.500062.20004.3752-5.8179-6.245365.800077.28638.57081.46834.4067-4.4818-1.9384
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1988.50-3.08074.42107.98005.500062.40004.3765-5.8082-6.248466.000076.03348.57871.39534.4076-4.4835-2.2590
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1988.75-3.06984.47788.47005.300062.60004.3744-5.8014-6.232066.100071.73588.56621.46584.4073-4.4671-2.7855
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1989.00-3.06254.56659.44005.200062.90004.3684-5.7981-6.214066.400075.51908.57911.38024.4066-4.4744-3.6046
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1989.25-3.05694.43609.73005.200062.90004.3569-5.7970-6.218466.400075.05128.58781.65454.4072-4.4604-3.8443
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1989.50-3.05174.28489.08005.200063.00004.3583-5.7913-6.219166.500076.69738.59641.60324.4097-4.4543-3.6046
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1989.75-3.05184.28588.61005.400063.00004.3636-5.7835-6.236566.500075.56108.54901.37494.4136-4.4512-3.4969
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1990.00-3.04894.49368.25005.300063.20004.3682-5.7881-6.224266.700076.65618.56681.24454.4174-4.4436-3.0557
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1990.25-3.04724.71938.24005.300063.00004.3797-5.7814-6.237266.500070.88168.58900.94724.4185-4.4433-3.3107
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1990.50-3.04925.23898.16005.700062.70004.3773-5.7775-6.256166.500067.91618.55030.91134.4161-4.4462-2.3476
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1990.75-3.06055.17797.74006.100062.30004.3702-5.7849-6.306466.400066.92078.60241.28434.4107-4.4398-1.6223
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1991.00-3.06735.35256.43006.600061.90004.3724-5.7871-6.340466.200065.22848.57341.21684.4047-4.4370-2.0173
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1991.25-3.06164.95555.86006.800061.80004.3864-5.7803-6.340666.300063.98178.48621.14024.4020-4.4355-1.1867
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1991.50-3.05934.55905.64006.900061.60004.3920-5.7793-6.324966.100064.49598.47641.19314.4045-4.4416-1.1025
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1991.75-3.05774.34624.82007.100061.40004.3972-5.7802-6.309866.100060.77218.47821.20974.4119-4.4482-0.4671
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1992.00-3.04823.78284.02007.400061.40004.4163-5.7665-6.311566.300060.51818.43251.05744.4221-4.44270.1505
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1992.25-3.03943.74963.77007.600061.50004.4184-5.7619-6.274866.600059.96748.44261.00884.4308-4.44620.5349
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1992.50-3.03243.43993.26007.600061.50004.4236-5.7552-6.265266.600059.28508.47301.15924.4357-4.44371.0002
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1992.75-3.02553.40863.04007.400061.40004.4226-5.7476-6.241666.300061.50868.43801.22094.4363-4.44901.0402
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1993.00-3.02623.40143.04007.100061.40004.4083-5.7471-6.225366.200060.13798.44561.27084.4340-4.46291.0402
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1993.25-3.02263.37323.00007.100061.70004.4091-5.7437-6.213466.300061.81208.48271.24214.4321-4.46411.1705
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1993.50-3.02043.19463.06006.800061.80004.4060-5.7354-6.216866.300061.49908.45301.22674.4322-4.46461.2006
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1993.75-3.00993.08012.99006.600061.90004.4083-5.7315-6.177666.300064.35908.45381.17134.4348-4.46521.0002
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1994.00-3.00262.86043.21006.600062.20004.4013-5.7242-6.146966.600065.46788.47001.05794.4388-4.48010.8700
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1994.25-2.99122.70803.94006.200062.40004.4040-5.7191-6.113366.500067.07268.49041.10414.4416-4.47650.2303
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1994.50-2.98802.86234.49006.000062.50004.3952-5.7145-6.123866.500069.24668.51671.06464.4420-4.4625-0.2282
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1994.75-2.97952.71395.17005.600063.00004.3966-5.7101-6.088266.700070.81898.47761.10764.4401-4.4743-0.7255
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1995.00-2.97752.90575.81005.500063.10004.3941-5.7054-6.089066.800070.83348.54811.13554.4371-4.4737-1.5382
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1995.25-2.97613.03186.02005.700062.80004.3929-5.6988-6.102166.600068.85408.57811.16444.4356-4.4706-1.5679
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1995.50-2.97022.94785.80005.700062.80004.3939-5.6949-6.099666.600070.74358.50931.14544.4370-4.4759-1.6173
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1995.75-2.96583.01115.72005.600062.80004.3997-5.6922-6.080166.500067.93988.51621.26134.4414-4.4877-1.8051
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1996.00-2.96142.84445.36005.500062.90004.4067-5.6853-6.068566.500069.04888.54891.20854.4477-4.4877-1.6272
60
1996.25-2.94662.62015.24005.500063.10004.4089-5.6800-6.028966.700068.36528.53731.10384.4536-4.4743-1.4195
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1996.50-2.94032.60305.31005.300063.30004.4115-5.6770-5.998866.800071.52778.53151.08824.4579-4.4761-1.3997
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1996.75-2.93282.54515.28005.300063.40004.4081-5.6739-5.995967.000069.46498.50881.12184.4600-4.4718-1.1917
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1997.00-2.92982.44915.28005.200063.50004.4119-5.6705-5.977567.000072.26958.50911.07374.4607-4.4768-1.2809
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1997.25-2.91702.49415.52005.000063.70004.4173-5.6670-5.943667.100073.13428.55711.04184.4614-4.4685-1.6964
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1997.50-2.90702.28195.53004.900063.90004.4223-5.6566-5.920667.200070.25898.52031.06154.4631-4.4696-1.7063
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1997.75-2.90202.20965.51004.700064.00004.4351-5.6496-5.905867.200074.10518.52121.20044.4661-4.4709-1.9532
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1998.00-2.89452.23545.52004.600064.00004.4514-5.6413-5.875367.100074.09148.52751.26724.4704-4.4789-2.4067
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1998.25-2.88732.16365.50004.400064.10004.4617-5.6310-5.867467.000074.68598.54841.16224.4750-4.4613-2.1209
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1998.50-2.87712.32705.53004.500064.00004.4727-5.6230-5.843367.100075.62718.56001.73934.4796-4.4551-2.0617
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1998.75-2.86382.31404.86004.400064.20004.4721-5.6181-5.809367.200075.20988.56371.94734.4839-4.4490-1.6223
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1999.00-2.85832.14844.73004.300064.30004.4845-5.6102-5.793167.100077.17998.48991.65684.4882-4.4491-1.6272
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1999.25-2.85262.06114.75004.300064.20004.4796-5.6023-5.780667.100075.44028.57721.60054.4928-4.4462-1.4689
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1999.50-2.84291.99275.09004.200064.20004.4802-5.5952-5.759167.000077.26368.56121.92334.4979-4.4375-1.7162
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1999.75-2.82872.00035.31004.100064.40004.4935-5.5840-5.738567.100080.53178.53741.90394.5032-4.4257-1.7557
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2000.00-2.83972.21525.68004.000064.60004.5208-5.5890-5.741567.300077.53858.48132.11064.5083-4.4479-2.1653
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2000.25-2.82412.37046.27003.900064.50004.5163-5.5784-5.710567.200076.17828.58182.69624.5122-4.4389-2.7020
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2000.50-2.82602.50506.52004.000064.20004.5271-5.5728-5.717366.900077.38808.57102.99724.5146-4.4441-2.7265
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2000.75-2.82372.54586.47003.900064.30004.5257-5.5667-5.717866.900075.54628.52423.69644.5157-4.4440-2.6331
79
2001.00-2.82912.61965.59004.200064.30004.5403-5.5676-5.747567.200075.16138.49433.28954.5164-4.4318-2.0321
80
2001.25-2.82682.60394.33004.400063.80004.5358-5.5674-5.753166.800076.52218.40763.12074.5181-4.4153-0.7850
81
2001.50-2.83302.62233.50004.800063.50004.5342-5.5684-5.764966.700072.42008.32483.07494.5214-4.41920.0408
82
2001.75-2.83382.67802.13005.500063.00004.5440-5.5671-5.774566.700068.40038.17753.06254.5267-4.40790.8700
83
2002.00-2.82702.50031.73005.700062.80004.5457-5.5639-5.758466.600069.03388.16082.82584.5334-4.39581.3611
84
2002.25-2.82402.39731.75005.800062.80004.5467-5.5618-5.750966.700063.25108.12242.80444.5407-4.38871.5218
85
2002.50-2.82232.24211.74005.700062.80004.5462-5.5612-5.744266.600065.77128.12243.91564.5479-4.38411.4414
86
2002.75-2.82492.03591.44005.900062.50004.5426-5.5573-5.753266.400061.58888.12443.82504.5547-4.38011.8334
87
2003.00-2.82701.81781.25005.900062.50004.5389-5.5593-5.753666.400061.30468.11703.28784.5611-4.39041.9340
88
2003.25-2.82061.48031.25006.100062.30004.5581-5.5562-5.738166.400061.25208.05102.58444.5675-4.37791.6760
89
2003.50-2.80721.35231.02006.100062.10004.5654-5.5496-5.703666.100060.69308.04332.33304.5741-4.38121.5318
90
2003.75-2.79931.15781.00005.800062.20004.5750-5.5465-5.679866.000063.68548.07931.93224.5808-4.37922.1857
91
2004.00-2.79371.30751.00005.700062.30004.5650-5.5376-5.674466.000061.91898.12471.81944.5872-4.37681.6423
92
2004.25-2.78891.76491.01005.600062.30004.5769-5.5347-5.650366.000064.69988.16681.79194.5930-4.37392.2664
93
2004.50-2.78331.79201.43005.400062.40004.5871-5.5299-5.637066.000065.35478.22361.73804.5976-4.37321.9340
94
2004.75-2.77822.14111.95005.400062.40004.5807-5.5235-5.622165.900067.39528.20961.60314.6011-4.38101.4113
95
2005.00-2.77012.28152.47005.300062.40004.5837-5.5186-5.602365.900066.34298.23481.64564.6034-4.38160.7999
96
2005.25-2.76752.11772.94005.100062.70004.5822-5.5137-5.605266.100066.16428.29382.05154.6049-4.38270.4200
97
2005.50-2.76262.02593.46005.000062.80004.5795-5.5101-5.597966.100068.17558.33731.74124.6058-4.37820.0349
98
2005.75-2.76052.07943.98005.000062.80004.5765-5.5053-5.588966.000067.63418.36921.92654.6065-4.3853-0.5008
99
2006.00-2.75102.08344.46004.700063.00004.5922-5.5008-5.570266.100067.51388.37791.79474.6073-4.3798-0.9141
100
2006.25-2.75082.43194.91004.600063.10004.5838-5.4975-5.578166.100070.72318.39371.68774.6085-4.3790-1.3139