tag:blogger.com,1999:blog-6837159629100463303.post9017415718059485541..comments2023-06-18T01:25:08.748-07:00Comments on Information Transfer Economics: An information transfer framework analysis of the US economy, part 1Jason Smithhttp://www.blogger.com/profile/12680061127040420047noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-6837159629100463303.post-62143020926519021952014-01-19T21:24:48.289-08:002014-01-19T21:24:48.289-08:00I should have given some notes about the units of ...I should have given some notes about the units of the data. Mostly they are as given by FRED except CPI is normalized to 1, not 100, and the 3-month rate is given as a fraction, not a percent (0.01 = 1%). NGDP and MB are given in billions of US dollars, and the total number of employees is in thousands; these are as they are normalized in FRED. Changing the normalization can be subsumed into the coefficients in every case -- there is an overall scale invariance.Jason Smithhttps://www.blogger.com/profile/12680061127040420047noreply@blogger.com