%Replication materials for: ``What Do Long Data Tell Us About the Permanent Component of Inflation?''
%© Stephanie Schmitt-Grohé and Martín Uribe, 2023. 


To update US series from 2017 to 2021 we use data sources as listed in the JST database documentation available at https://www.macrohistory.net/database/

- Real GDP per capita (index, 2005=100) is obtained dividing two annual BEA series: Table 1.1.6. Real Gross Domestic Product, Chained Dollars and Table 2.6. Personal Income and Its Disposition, Monthly, Population (midperiod, thousands). Midyear population is computed as the average of June and July and the real GDP per capita series is rescaled to 100 in 2005.
- Consumer prices (index, 1990=100) is from Bureau of Labor Statistics (2021), CPI index, all items, year average (CPI-URS, All items; downloaded from https://www.bls.gov/cpi/research-series/r-cpi-u-rs-home.htm).
- Short–term interest rate (nominal, percent per year) is from Lawrence H. Officer, "What Was the Interest Rate Then?" MeasuringWorth. Short-Term Rate: Surplus Funds, Contemporary Series (downloaded from www.measuringworth.com/datasets/interestrates/).


