The Lazy Practitioner’s Guide to Exploiting the Fed’s Data Resources Bob Rasche Director of...

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The Lazy Practitioner’s Guide to Exploiting the Fed’s Data Resources Bob Rasche Director of Research Federal Reserve Bank of St. Louis February 25, 2004

Transcript of The Lazy Practitioner’s Guide to Exploiting the Fed’s Data Resources Bob Rasche Director of...

Page 1: The Lazy Practitioner’s Guide to Exploiting the Fed’s Data Resources Bob Rasche Director of Research Federal Reserve Bank of St. Louis February 25, 2004.

The Lazy Practitioner’s Guide to Exploiting the Fed’s Data

Resources

Bob RascheDirector of Research

Federal Reserve Bank of St. Louis

February 25, 2004

Page 2: The Lazy Practitioner’s Guide to Exploiting the Fed’s Data Resources Bob Rasche Director of Research Federal Reserve Bank of St. Louis February 25, 2004.

1 Where to get prepared materials?– National Economic Trends

• <http://research.stlouisfed.org/net/>

– Monetary Trends• <http://research.stlouisfed.org/mt/>

– International Economic Trends• <http://research.stlouisfed.org/iet/>

– US Financial Data (weekly)• <http://research.stlouisfed.org/usfd/>

2 Where to get data? -- FRED• <http://research.stlouisfed.org/fred2/>

3 How to convert data into your own pictures, slides or presentations

Page 3: The Lazy Practitioner’s Guide to Exploiting the Fed’s Data Resources Bob Rasche Director of Research Federal Reserve Bank of St. Louis February 25, 2004.

Part 1

Retrieving Prepared Materials

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1. Set magnification

2. Select Graphics Tool

Page 5: The Lazy Practitioner’s Guide to Exploiting the Fed’s Data Resources Bob Rasche Director of Research Federal Reserve Bank of St. Louis February 25, 2004.

• Magnification in Acrobat should be set prior to using the graphics tool

• Magnification should be chosen to produce the graphic you want without much change in size. For full PowerPoint slides:– IET, NET,MT 1/2 width graphs ~ 300%– USFD (full page) ~ 100%

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3. Copy the selected area to the clipboard

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• Inflation and Prices– Page 9 (PDF 45k) --

Short-run View (175 % magnification

• Use Graphics Select Tool from Acrobat to define image

• Edit/copy on Acrobat Menu

• Go to Powerpoint slide

• Edit/Paste

4. Paste Selection into Powerpoint slide

Page 8: The Lazy Practitioner’s Guide to Exploiting the Fed’s Data Resources Bob Rasche Director of Research Federal Reserve Bank of St. Louis February 25, 2004.

Example: NET @ 300%

Page 9: The Lazy Practitioner’s Guide to Exploiting the Fed’s Data Resources Bob Rasche Director of Research Federal Reserve Bank of St. Louis February 25, 2004.

Example: USFD @ 125%

Page 10: The Lazy Practitioner’s Guide to Exploiting the Fed’s Data Resources Bob Rasche Director of Research Federal Reserve Bank of St. Louis February 25, 2004.

Example: USFD @ 150%

Page 11: The Lazy Practitioner’s Guide to Exploiting the Fed’s Data Resources Bob Rasche Director of Research Federal Reserve Bank of St. Louis February 25, 2004.

Example: NET @ 125%

• National Economic Trends– Inflation and Prices

• Page 8 (PDF 113k) -- Long-run View (175% magnification

Page 12: The Lazy Practitioner’s Guide to Exploiting the Fed’s Data Resources Bob Rasche Director of Research Federal Reserve Bank of St. Louis February 25, 2004.

Part 2

Where to get Data?

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Two Choices of Data Format

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Part 3

From Data to your own Pictures, Slides or Presentations

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Caution: Data Lists are downloaded in Zipped format -- requires Winzip

utility

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Ln(M2minus Velocity) vs Interest Rate Spread

0

0.2

0.4

0.6

0.8

1

1.2

1.4

0 2 4 6 8 10 12

Rate Spread

ln(v

elo

city

)

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