RDP 9513: Asset-price Bubbles and Monetary Policy Appendix: Data

David Gruen

December 1995

Data for long term nominal interest rates are as follows:

Australia 10 year Treasury bond yield, RBA Bulletin, Table F.2.
Belgium Interest rate on 5 year central government bonds, OECD.
Canada Interest rate on 10 year federal government bonds (Wednesday average), OECD.
Denmark Interest rate on 10 year government bond (end period), OECD.
Germany Interest rate on public sector bonds with 7 to 15 years to maturity, OECD.
Finland Long term interest rate on taxable public bonds with 3 to 6 years to maturity (monthly average), OECD.
France Interest rate on government bonds with over 7 years to maturity to maturity (monthly average), OECD.
Ireland Interest rate on central government bonds with 5 years to maturity, OECD.
Italy Yield on treasury bonds with average maturity of 2.5 years, OECD.
Japan Compound interest rate on government bonds with 8 to 10 years to maturity (month end), Datastream.
New Zealand Interest rate on 10 year government bonds (month end), OECD.
Norway Interest rate on central government bonds with 6 to 10 years maturity (month end), OECD.
UK Interest rate on 10 year government bonds, OECD.
US 10 year (constant maturity) bond yield, OECD.

Inflation data and their sources are as follows:

Australia Australian underlying inflation (Treasury series). For empirical analysis requiring a monthly series, we use:
Australian manufacturing prices (excluding petrol from July 1979), Australian Bureau of Statistics.
Belgium All goods less food, OECD.
Canada All items less food, OECD.
Denmark All items less food, OECD.
Finland All items less food, OECD.
France All items less food, OECD.
Germany CPI excluding food and energy, Bundesbank.
Greece All items, OECD.
Ireland All items, OECD. Data for this series are available quarterly. To construct a monthly series we assume the index is unchanged in the quarter.
Italy All goods less food, OECD.
Japan All items less food, OECD.
Luxembourg All items less food, OECD.
Netherlands All items less food, OECD.
New Zealand All items, OECD. Data for this series are available quarterly. To construct a monthly series we assume the index is unchanged in the quarter.
Norway All items less food, OECD.
Portugal All items less food and rent, OECD.
Spain All items less food, OECD.
Sweden All items, OECD.
UK All items excluding mortgage interest payments, Central Statistics Office.
US All items excluding food and energy, Department of Labour.

All foreign exchange rates are sourced or derived from the RBA Bulletin Tables F.9 and F.10, except for US/CAD exchange rates prior to 1980 which come from IMF International Financial Statistics.