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Eighty Years of Observations on the Adjusted Monetary Base: 1918-1997

Resource Type
Dataset : survey data
  • Anderson, Richard G. (Federal Reserve Bank of St. Louis)
  • Rasche, Robert H. (Michigan State University)
Other Title
  • Archival Version (Subtitle)
Publication Date
Free Keywords
business cycles; economic history; economic policy; inflation; monetary policy
  • Abstract

    Recent trends in empirical macroeconomic research embedding long-run relationships between seasonal cycles and business cycles and building endogenous growth models, along with the interest of policymakers in inflation targeting, have increased the importance of long-time series of macroeconomic data. Among the more important time series are quantitative measures of monetary policy, such as the adjusted monetary base. Previously published data for the Federal Reserve Bank of St. Louis adjusted monetary base begin in 1935 (seasonally unadjusted), and in 1950 (seasonally adjusted). In this analysis, the authors develop a consistent time series for the adjusted monetary base that begins in 1918, shortly after the founding of the Federal Reserve System.
  • Table of Contents


    • DS1: Dataset
Temporal Coverage
  • 1918 / 1997
    Time period: 1918--1997
Geographic Coverage
  • United States
Collection Mode
  • The file submitted is JF99AR.ZIP, which unzips to numerous program and data files. There is also a readme.txt file that explains all the program and data files.

    These data are part of ICPSR's Publication-Related Archive and are distributed exactly as they arrived from the data depositor. ICPSR has not checked or processed this material. Users should consult the investigator(s) if further information is desired.

This version of the study is no longer available on the web. If you need to acquire this version of the data, you have to contact ICPSR User Support (
Alternative Identifiers
  • 1199 (Type: ICPSR Study Number)
  • Is previous version of
    DOI: 10.3886/ICPSR01199.v1
  • Anderson, Richard G., Rasche, Robert H.. Eighty years of observations on the adjusted monetary base: 1918-1997. Federal Reserve Bank of St. Louis Review.81, (1), 3-22.1999.

Update Metadata: 2015-08-05 | Issue Number: 6 | Registration Date: 2015-06-15

Anderson, Richard G.; Rasche, Robert H. (1999): Eighty Years of Observations on the Adjusted Monetary Base: 1918-1997. Archival Version. Version: v0. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset.