August 1994

        These are the data and programs used in Backus, Kehoe,
and Kydland's "International business cycles: Theory and evidence," in T.
Cooley, ed., Frontiers of Business Cycle Research, Princeton U Press, 1994,
"Dynamics of the trade balance and the terms of trade: The 
J-curve?" American Economic Review, 84 (March 1994), 84-103, and "Relative
price movements in dynamic general equilibrium models of internation trade," 
in R. van der Ploeg, Handbook of International Economics, Blackwell, 1994.

        The data consist of civilian employment and components of the national 
income and product accounts, quarterly, for 10 OECD countries and a European 
aggregate.  They were organized by Dan Chin of the Minneapolis Fed.  

The countries are:  Australia,
Austria, Canada, France, Germany, Italy, Japan, Switzerland, the UK, the US,
and Europe.   The series names are:

        RY     real GDP
        Y      GDP
        RC     real consumption
        RDC    real durable consumption (only for France, Italy, U.K., and U.S.)
        RI     real investment
        RG     real government expenditures
        X      exports
        RX     real exports
        M      imports
        RM     real imports
        N      civilian employment