THIS FILE CONTAINS THE DATA USED IN PATRICIA POLLARD'S JULY/AUGUST 1993 REVIEW ARTICLE. Data Source: International Financial Statistics (Published by the IMF). Deficit data were drawn from line number 80 and the GDP data were drawn from line number 99b for each country listed below. Explanation of the data's use: The following data where used to create the deficit as a percent of GDP values used in figures five and six. Using SAS, the deficit numbers where taken as a percent of GDP for each country for the period 1973-1989 (for example: (DEFA/GDPA)*100 (where variables were shown in different units, the formula was adjusted to compensate)). Then Micro TSP was used to find the average and the variance of this ratio over the given time period for each country. These numbers where then used to create scatter plot charts in Micro TSP, comparing the average and the variance of the fiscal deficit as a percent of GDP for each country with each country's "Index of Central Bank Independence" (Alesina, Alberto, and Lawrence H. Summers. "Central Bank Independence and Macroeconomic Performance: Some Comparative Evidence," Journal of Money, Credit and Banking (May 1993), pp. 151-62.). Variables: DEFA: fiscal deficit of Australia (Millions: Australian Dollars) DEFB: fiscal deficit of Belgium (Billions: Belgian Francs) DEFC: fiscal deficit of Canada (Billions: Canadian Dollars) DEFD: fiscal deficit of Denmark (Millions: Kroner) DEFF: fiscal deficit of France (Billions: French Francs) DEFG: fiscal deficit of Germany (Billions: Deutsche Mark) DEFI: fiscal deficit of Italy (Billions: Lire) DEFJ: fiscal deficit of Japan (Billions: Yen) DEFN: fiscal deficit of the Netherlands (Millions: Guilders) DEFNZ: fiscal deficit of New Zealand (Millions: New Zealand Dollars) DEFNO: fiscal deficit of Norway (Millions: Kroner) DEFSP: fiscal deficit of Spain (Billions: Pesetas) DEFSW: fiscal deficit of Sweden (Billions: Kroner) DEFSZ: fiscal deficit of Switzerland (Millions: Swiss Francs) DEFUK: fiscal deficit of the United Kingdom (Millions: Pounds) DEFUS: fiscal deficit of the United States (Billions: U.S. Dollars) YEAR DEFA DEFB DEFC DEFD DEFF DEFG DEFI DEFJ 1973 -409.00 -61.80 -1.70 6140.00 4.70 12.43 -8019.00 -1825.00 1974 -241.00 -46.60 -1.97 1335.00 5.80 -6.43 -8970.00 -1798.00 1975 -2479.00 -109.00 -5.70 -4350.00 -37.80 -37.16 -16465.0 -7666.00 1976 -3609.00 -147.50 -6.30 -519.00 -17.10 -31.21 -14867.0 -9417.00 1977 -2702.00 -168.30 -9.41 -2730.00 -22.30 -25.57 -22566.0 -11916.0 1978 -3290.00 -209.20 -11.95 -1066.00 -29.60 -26.49 -34308.0 -15236.0 1979 -3133.00 -247.70 -10.56 -2584.00 -37.00 -27.63 -30402.0 -16318.0 1980 -2085.00 -282.00 -10.73 -10002.0 -2.00 -26.91 -37019.0 -16872.0 1981 -1078.00 -446.90 -8.43 -24690.0 -73.20 -36.31 -53295.0 -16826.0 1982 -590.00 -431.60 -20.81 -37522.0 -121.90 -32.02 -72798.0 -17583.0 1983 -4601.00 -515.90 -25.16 -35154.0 -140.70 -32.96 -88264.0 -18843.0 1984 -7983.00 -596.10 -28.87 -22241.0 -116.30 -32.31 -95689.0 -17290.0 1985 -6800.00 -537.60 -28.68 -3726.00 -127.70 -20.01 -122616 -15603.0 1986 -5744.00 -492.10 -20.11 30082.00 -170.30 -17.56 -110158 -15965.0 1987 -2719.00 -396.20 -14.00 27410.00 -64.50 -21.57 -114249 -12195.0 1988 2455.00 -364.00 -13.51 16077.00 -134.30 -35.54 -125644 -9657.00 1989 6358.00 -355.90 -16.57 8103.00 -117.90 -3.60 -133855 -11645.0 The SAS System 2 14:50 Friday, November 5, 1993 YEAR DEFN DEFNZ DEFNO DEFSP DEFSW DEFSZ DEFUK DEFUS 1973 -40.00 -225.00 -1026.00 -10.40 -3.21 -1425.00 -2524.00 -16.20 1974 -40.00 -416.00 -1761.00 -59.40 -7.98 -884.00 -3828.00 -4.50 1975 -6350.00 -1194.00 -4716.00 -107.90 -7.55 -1766.00 -7796.00 -53.90 1976 -6120.00 -614.00 -10005.0 -65.40 -1.17 -1377.00 -7251.00 -74.90 1977 -8370.00 -789.00 -13133.0 -200.10 -6.06 -1291.00 -4934.00 -52.20 1978 -9200.00 -1502.00 -14472.0 -264.30 -20.45 -64.00 -8808.00 -58.90 1979 -14530.0 -1127.00 -14994.0 -465.40 -33.22 -2352.00 -11164.0 -36.00 1980 -15560.0 -1541.00 -5400.00 -635.10 -43.03 -76.00 -10733.0 -76.20 1981 -22970.0 -2111.00 6817.00 -873.90 -51.52 -1491.00 -12141.0 -78.70 1982 -28050.0 -2389.00 3894.00 -1093.30 -52.59 901.00 -9514.00 -125.70 1983 -29550.0 -3209.00 9443.00 -1408.30 -60.15 -1446.00 -13372.0 -202.50 1984 -29920.0 -3234.00 8963.00 -2113.20 -47.98 -241.00 -10282.0 -178.30 1985 -23370.0 -2082.00 18279.00 -1962.60 -46.48 -1183.00 -10268.0 -212.10 1986 -8210.00 -1990.00 17317.00 -1463.40 -26.30 2372.00 -9112.00 -212.60 1987 -13770.0 642.00 318.00 -1406.20 20.71 670.00 -2880.00 -147.50 1988 -19250.0 1354.00 -924.00 -1442.60 31.51 1980.00 5675.00 -155.50 1989 -20990.0 . -7625.00 -1014.60 48.51 157.00 6036.00 -143.80 The SAS System 14:50 Friday, November 5, 1993 Variables: GDPA: Gross Domestic Product for Australia (Billions: Australian Dollars) GDPB: Gross Domestic Product for Belgium (Billions: Belgian Francs) GDPC: Gross Domestic Product for Canada (Billions: Canadian Dollars) GDPD: Gross Domestic Product for Denmark (Billions: Kroner) GDPF: Gross Domestic Product for France (Billions: French Francs) GDPG: Gross Domestic Product for Germany (Billions: Deutsche Mark) GDPI: Gross Domestic Product for Italy (Trillions: Lire) GDPJ: Gross Domestic Product for Japan (Billions: Yen) GDPN: Gross Domestic Product for the Netherlands (Billions: Guilders) GDPNZ: Gross Domestic Product for New Zealand (Millions: New Zealand Dollars) GDPNO: Gross Domestic Product for Norway (Billions: Kroner) GDPSP: Gross Domestic Product for Spain (Billions: Pesetas) GDPSW: Gross Domestic Product for Sweden (Billions: Kroner) GDPSZ: Gross Domestic Product for Switzerland (Billions: Swiss Francs) GDPUK: Gross Domestic Product for the United Kingdom (Billions: Pounds) GDPUS: Gross Domestic Product for the United States (Billions: U.S. Dollars) YEAR GDPA GDPB GDPC GDPD GDPF GDPG GDPI GDPJ 1973 49.31 1782.00 127.37 172.90 1129.80 917.30 96.74 112498.0 1974 59.12 2091.00 152.11 193.60 1303.00 983.90 122.19 134244.0 1975 70.51 2313.00 171.54 216.30 1467.90 1026.60 138.63 148327.0 1976 82.92 2633.00 197.92 251.20 1700.60 1120.50 174.87 166573.0 1977 91.30 2847.00 217.88 279.30 1917.80 1195.30 214.40 185622.0 1978 101.18 3058.00 241.60 311.40 2182.60 1283.60 253.54 204404.0 1979 116.44 3265.00 276.10 346.90 2481.10 1388.40 309.84 221547.0 1980 132.02 3526.00 309.89 373.80 2808.30 1472.00 387.67 240176.0 1981 149.75 3664.00 355.99 407.80 3164.80 1535.00 464.03 257963.0 1982 165.57 3983.00 374.44 464.50 3626.00 1588.10 545.12 270601.0 1983 181.09 4222.00 405.72 512.50 4006.50 1668.50 633.44 281767.0 1984 206.72 4542.00 444.74 565.30 4361.90 1750.90 725.76 300543.0 1985 229.75 4858.00 477.99 615.10 4700.10 1823.20 810.58 320419.0 1986 250.41 5124.00 505.67 666.50 5069.30 1925.30 899.90 334609.0 1987 281.68 5349.00 551.60 699.90 5336.60 1990.50 983.80 348425.0 1988 318.67 5707.00 605.91 732.10 5735.10 2096.00 1091.84 371429.0 1989 357.07 6198.00 649.92 767.20 6159.10 2224.40 1193.46 396197.0 1 The SAS System 4 14:50 Friday, November 5, 1993 YEAR GDPN GDPNZ GDPNO GDPSP GDPSW GDPSZ GDPUK GDPUS 1973 176.00 9199.00 111.85 4140.00 226.74 130.10 74.36 1349.00 1974 199.80 10095.00 129.73 5102.00 256.13 141.10 84.68 1457.90 1975 220.00 11668.00 148.70 6018.00 300.79 140.20 106.98 1584.80 1976 251.90 14101.00 170.71 7234.00 340.20 142.00 127.78 1767.00 1977 274.90 14879.00 191.53 9178.00 370.02 145.80 147.12 1974.10 1978 297.00 16856.00 213.08 11231.00 412.45 151.70 169.62 2232.70 1979 316.00 19688.00 238.67 13131.00 462.31 158.50 198.46 2488.60 1980 336.80 23089.00 285.05 15209.00 528.26 170.30 232.55 2708.00 1981 352.80 27991.00 327.67 16989.00 578.91 184.80 256.37 3030.60 1982 368.90 31536.00 362.27 19567.00 633.68 196.00 279.58 3149.60 1983 381.10 34896.00 402.20 22235.00 709.85 203.90 305.42 3405.00 1984 400.20 39528.00 452.51 25111.00 794.30 213.20 324.63 3777.20 1985 418.20 45435.00 500.20 28201.00 865.79 228.00 355.94 4038.70 1986 428.60 55088.00 513.72 32324.00 945.58 243.40 383.14 4268.60 1987 430.20 61867.00 561.48 36144.00 1019.55 254.70 420.86 4539.90 1988 449.40 66403.00 583.28 40164.00 1110.47 268.40 467.23 4900.40 1989 474.40 71505.00 621.38 45025.00 1226.31 290.40 511.50 5250.80