Adjusted Monetary Base Observations from 1918 to 1997

Eighty years of observations on the adjusted monetary base, covering the period from 1918 to 1997. This long time series is essential for low-frequency empirical macroeconomic research, supporting trends like cointegration modeling and the analysis of inflation targeting policies. The data was compiled by Richard G. Anderson of the Federal Reserve Bank of St. Louis.

Use Cases

• Cointegration analysis of long-run monetary relationships based on the extended time series.
• Modeling the correlation between seasonal cycles and business cycles using low-frequency data.
• Evaluating inflation targeting policies within endogenous growth models.
• Historical analysis of U.S. monetary policy and the Federal Reserve's balance sheet.

Strengths

• Provides an exceptionally long time series covering 80 years (1918-1997), crucial for low-frequency economic analysis.
• Compiled by a named author (Richard G. Anderson) from an authoritative institution (Federal Reserve Bank of St. Louis).
• Appears on multiple platforms, indicating recognized importance for macroeconomic research.

Limitations

• Critical metadata is missing: specific column names, row counts, and file formats are unknown.
• The license is listed as 'closed', restricting access and reuse.
• The last update date is unknown, raising questions about data maintenance and potential newer versions.

Provenance

Source

Federal Reserve Bank of St. Louis, compiled by Richard G. Anderson.

Time Range

1918-1997

Geography

Likely United States, given the source institution.