INTDEF.DES

year      i3        inf       rec       out       def       i3_1      inf_1    
def_1     ci3       cinf      cdef      y77

  Obs:    49

  1. year                     1948-1996
  2. i3                       3 mo. T bill rate
  3. inf                      CPI inflation rate
  4. rec                      federal receipts, % GDP
  5. out                      federal outlays, % GDP
  6. def                      out - rec (deficit as % GDP)
  7. i3_1                     i3[t-1]
  8. inf_1                    inf[t-1]
  9. def_1                    def[t-1]
 10. ci3                      i3 - i3_1
 11. cinf                     inf - inf_1
 12. cdef                     def - def_1
 13. y77                      =1 year >= 1977; change in FY

