RDP 9006: Wage Contracts, Sticky Prices and Exchange Rate Volatility: Evidence from Nine Industrial Countries Appendix: Data Definitions and Sources

Jerome Fahrer

November 1990

Definitions:

p: GNP(GDP) deflator
w: hourly earnings
e: trade weighted nominal exchange rate
pf: trade weighted foreign GNP(GDP) deflator
wf: trade weighted foreign hourly earnings

The data are seasonally adjusted.

The sources for the data were the International Financial Statistics, published by the International Monetary Fund and the OECD Economic Outlook. The data are available from the author on request.

Table A1 below shows the relative trade weights and import shares. The source for the trade weights is the IMF's publication, Direction of Trade. The source for the imports weights (imports divided by GDP) is the time series database DataExpress, supplied by EconData Pty Ltd.

Table A1
Relative Trade Weights and Import Shares
  Australia Austria Canada France Germany Italy Japan United Kingdom United States
Australia – 0.00 0.01 0.01 0.01 0.01 0.12 0.04 0.03
Austria 0.00 – 0.00 0.02 0.10 0.04 0.00 0.02 0.00
Canada 0.04 0.01 – 0.02 0.02 0.02 0.08 0.06 0.40
France 0.04 0.07 0.01 – 0.28 0.29 0.03 0.19 0.06
Germany 0.08 0.60 0.02 0.38 – 0.36 0.08 0.26 0.10
Italy 0.04 0.16 0.01 0.23 0.20 – 0.02 0.10 0.05
Japan 0.42 0.03 0.06 0.04 0.06 0.03 – 0.06 0.26
United Kingdom 0.11 0.07 0.04 0.15 0.15 0.10 0.06 – 0.10
United States 0.27 0.06 0.84 0.15 0.18 0.15 0.61 0.27 –
Import Share 0.17 0.36 0.25 0.21 0.27 0.22 0.13 0.27 0.10