This is the data file for the January/February 2001 Review article "The Rise and Fall of the Policy Rule: Monetarism at the St. Louis Fed, 1969-1986" by R.W. Hafer and David C. Wheelock. This file contains the data plotted in Figure 1. Figure 1 - Velocity of Money (M1) Quarterly data, 1960-1999 gdp Gross Domestic Product (SAAR, Bil.$) fm1 Money Stock: M1 (SA, Bil.$) gdp fm1 Velocity 01/01/60 527.9 139.9 3.77341 04/01/60 527.1 139.6 3.77579 07/01/60 529.9 140.9 3.76082 10/01/60 524.6 140.8 3.72497 01/01/61 528.9 141.5 3.73693 04/01/61 539.9 142.6 3.78700 07/01/61 550.3 143.4 3.83752 10/01/61 563.4 144.7 3.89357 01/01/62 576.8 145.6 3.96063 04/01/62 583.9 146.6 3.98295 07/01/62 591.0 146.5 4.03505 10/01/62 594.4 147.3 4.03622 01/01/63 603.4 148.8 4.05511 04/01/63 612.1 150.2 4.07614 07/01/63 624.9 151.7 4.11931 10/01/63 634.3 153.2 4.14034 01/01/64 650.4 154.2 4.21881 04/01/64 659.6 155.2 4.24909 07/01/64 671.2 157.8 4.25438 10/01/64 676.3 159.8 4.23128 01/01/65 696.5 161.0 4.32519 04/01/65 709.0 162.0 4.37744 07/01/65 726.2 163.9 4.43075 10/01/65 748.7 166.8 4.48771 01/01/66 772.3 169.7 4.55008 04/01/66 781.5 171.6 4.55508 07/01/66 794.8 171.0 4.64705 10/01/66 808.6 171.5 4.71395 01/01/67 819.3 173.2 4.72946 04/01/67 823.9 175.6 4.69102 07/01/67 838.7 179.5 4.67242 10/01/67 854.4 182.4 4.68335 01/01/68 881.4 184.8 4.76862 04/01/68 905.7 188.0 4.81755 07/01/68 920.9 191.7 4.80470 10/01/68 937.8 195.8 4.78958 01/01/69 961.9 199.3 4.82559 04/01/69 977.0 200.9 4.86231 07/01/69 997.2 201.8 4.94071 10/01/69 1005.3 203.5 4.94086 01/01/70 1018.2 205.6 4.95233 04/01/70 1034.4 207.1 4.99388 07/01/70 1051.9 210.1 5.00746 10/01/70 1054.2 213.6 4.93539 01/01/71 1099.9 217.1 5.06555 04/01/71 1120.6 221.8 5.05230 07/01/71 1140.8 225.9 5.05077 10/01/71 1153.1 227.7 5.06412 01/01/72 1192.5 232.1 5.13713 04/01/72 1227.5 236.0 5.20127 07/01/72 1252.0 241.2 5.19071 10/01/72 1289.7 246.8 5.22569 01/01/73 1338.4 251.6 5.31955 04/01/73 1374.4 254.8 5.39474 07/01/73 1394.1 258.0 5.40349 10/01/73 1435.3 260.9 5.50134 01/01/74 1450.0 265.1 5.47032 04/01/74 1487.6 267.7 5.55766 07/01/74 1514.8 270.5 5.60000 10/01/74 1551.6 273.3 5.67659 01/01/75 1567.2 274.9 5.70098 04/01/75 1603.1 279.2 5.74108 07/01/75 1659.9 285.0 5.82421 10/01/75 1710.5 286.3 5.97520 01/01/76 1770.3 290.4 6.09607 04/01/76 1803.1 295.5 6.10117 07/01/76 1837.0 299.2 6.13971 10/01/76 1885.3 303.8 6.20573 01/01/77 1939.1 310.9 6.23705 04/01/77 2006.6 317.2 6.32531 07/01/77 2067.5 323.0 6.40159 10/01/77 2112.4 328.4 6.43175 01/01/78 2150.4 335.2 6.41464 04/01/78 2276.6 343.8 6.62187 07/01/78 2338.5 350.5 6.67126 10/01/78 2418.0 355.1 6.80871 01/01/79 2470.9 360.0 6.86425 04/01/79 2529.3 370.2 6.83164 07/01/79 2601.5 379.2 6.86110 10/01/79 2663.8 380.9 6.99282 01/01/80 2732.9 387.7 7.04840 04/01/80 2736.9 385.8 7.09348 07/01/80 2793.6 400.1 6.98167 10/01/80 2918.8 409.2 7.13294 01/01/81 3052.6 414.6 7.36217 04/01/81 3086.2 425.6 7.25084 07/01/81 3183.5 427.7 7.44272 10/01/81 3203.1 431.9 7.41687 01/01/82 3193.8 442.0 7.22579 04/01/82 3248.9 447.1 7.26715 07/01/82 3278.6 453.0 7.23700 10/01/82 3315.6 470.0 7.05447 01/01/83 3378.5 483.6 6.98663 04/01/83 3489.6 499.0 6.99365 07/01/83 3582.9 511.3 7.00698 10/01/83 3688.8 518.8 7.10980 01/01/84 3813.4 527.4 7.23057 04/01/84 3909.4 537.0 7.27962 07/01/84 3974.7 542.8 7.32259 10/01/84 4033.5 547.5 7.36757 01/01/85 4109.7 561.3 7.32132 04/01/85 4170.1 575.8 7.24185 07/01/85 4252.9 597.8 7.11465 10/01/85 4319.3 613.1 7.04540 01/01/86 4375.3 625.8 6.99116 04/01/86 4415.2 651.2 6.77975 07/01/86 4483.4 680.4 6.58904 10/01/86 4537.5 708.3 6.40649 01/01/87 4612.3 730.8 6.31101 04/01/87 4695.8 744.3 6.30902 07/01/87 4770.2 746.8 6.38723 10/01/87 4891.6 753.0 6.49586 01/01/88 4957.0 758.0 6.53987 04/01/88 5066.5 772.7 6.55688 07/01/88 5151.5 784.5 6.56688 10/01/88 5258.3 784.8 6.70046 01/01/89 5379.0 783.8 6.86301 04/01/89 5461.7 775.9 7.03948 07/01/89 5527.5 781.0 7.07777 10/01/89 5588.0 789.2 7.08029 01/01/90 5720.8 798.0 7.16892 04/01/90 5800.0 806.9 7.18830 07/01/90 5844.9 817.2 7.15264 10/01/90 5847.3 822.4 7.11033 01/01/91 5886.3 832.6 7.07006 04/01/91 5962.0 850.0 7.01439 07/01/91 6015.9 867.8 6.93209 10/01/91 6080.7 887.5 6.85149 01/01/92 6183.6 924.0 6.69245 04/01/92 6276.6 949.8 6.60834 07/01/92 6345.8 976.5 6.49829 10/01/92 6469.8 1014.9 6.37461 01/01/93 6521.6 1034.0 6.30695 04/01/93 6596.7 1063.2 6.20457 07/01/93 6655.5 1095.8 6.07364 10/01/93 6795.5 1122.5 6.05408 01/01/94 6887.8 1136.2 6.06214 04/01/94 7015.7 1143.4 6.13564 07/01/94 7096.0 1151.8 6.16061 10/01/94 7217.7 1150.4 6.27408 01/01/95 7297.5 1148.1 6.35597 04/01/95 7342.6 1146.2 6.40622 07/01/95 7432.8 1145.1 6.49096 10/01/95 7529.3 1132.7 6.64702 01/01/96 7629.6 1120.9 6.80647 04/01/96 7782.7 1118.6 6.95754 07/01/96 7859.0 1104.0 7.11844 10/01/96 7981.4 1082.2 7.37539 01/01/97 8125.9 1076.4 7.54938 04/01/97 8259.5 1065.3 7.75297 07/01/97 8364.5 1069.1 7.82387 10/01/97 8453.0 1068.9 7.90788 01/01/98 8610.6 1076.7 7.99721 04/01/98 8683.7 1078.7 8.05015 07/01/98 8797.9 1076.1 8.17598 10/01/98 8947.6 1091.9 8.19427 01/01/99 9072.7 1097.2 8.26871 04/01/99 9146.2 1103.1 8.29161 07/01/99 9297.8 1098.1 8.46717 10/01/99 9507.9 1111.4 8.55463