Variables in irs_data_update.mat data column 1: country number column 2: date column 3: real GDP per capita, log-deviation from linear trend. column 4: real investment per capita, log-deviation from linear trend. column 5: trade balance-to-GDP ratio, in deviations from mean. column 6: U.S. real interest rate, annualized, deviation from mean, in percent (0.01=1%). column 7: Country interest rate, annualized, deviation from mean, in percent (0.01=1%). country column 1: list of countries level_rus_r column 1: country number column 2: date column 3: real country interest rate, annualized, percent (0.01=1%) column 4: real U.S. interest rate, annualized, percent (0.01=1%) Note. The U.S. real interest rate is computed as the difference between the 3-month Tbill rate and average inflation over the past 4 quarters. Inflation is measured using the U.S. GDP deflator. The 3-month T-bill rate is the average rate over the quarter. In Uribe and Yue, by contrast, the interest rate is measured as the rate at the beginning of the quarter. long_rus column 1: date column 2: real U.S. interest rate, annualized, percent (0.01=1%) Sources: NIPA data (output, investment, trade-balance-to-GDP ratio): USG, chapter 1, file Data_q_1101.xls Country Interest rate: J.P. Morgan, EMBI Real U.S. Interest rate: Own calculations based on data on 3-month TB interest rate and GDP deflator from the Federal Reserve Bank of St. Louis. Sample Argentina: from 1994 to 2012.75 Brazil: from 1994.25 to 2012.75 Bulgaria: from 1994.5 to 2012.75 Chile: from 1999.25 to 2012.75 Colombia: from 1997 to 2012.75 Ecuador: from 1995 to 2012.75 Hungary: from 1999 to 2012.75 Korea, Rep.: from 1994 to 2004 Malaysia: from 1996.75 to 2012.75 Mexico: from 1994 to 2012.75 Peru: from 1997 to 2012.75 South Africa: from 1994.75 to 2012.75 Thailand: from 1997.25 to 2006 Turkey: from 1996.25 to 2012.75 Uruguay: from 2001.25 to 2012.75