Accessible Version
Milton Friedman and Data Adjustment, Accessible Data
Figure 1: Unadjusted and adjusted U.S. annual and phase-average observations for velocity. Data source: Friedman and Schwartz (1982).
Make Full Screen
Year | Annual velocity (unadjusted for financial sophistication) | Annual velocity (adjusted for financial sophistication) |
---|---|---|
1873 | 4.98 | 2.35 |
1874 | 4.71 | 2.28 |
1875 | 4.46 | 2.21 |
1876 | 4.65 | 2.37 |
1877 | 4.89 | 2.55 |
1878 | 5.06 | 2.71 |
1879 | 5.13 | 2.81 |
1880 | 5.31 | 2.99 |
1881 | 4.41 | 2.54 |
1882 | 4.41 | 2.61 |
1883 | 4.01 | 2.43 |
1884 | 3.89 | 2.42 |
1885 | 3.53 | 2.25 |
1886 | 3.39 | 2.22 |
1887 | 3.29 | 2.20 |
1888 | 3.15 | 2.17 |
1889 | 3.08 | 2.17 |
1890 | 3.00 | 2.17 |
1891 | 2.97 | 2.20 |
1892 | 2.86 | 2.18 |
1893 | 2.93 | 2.28 |
1894 | 2.57 | 2.05 |
1895 | 2.73 | 2.23 |
1896 | 2.63 | 2.21 |
1897 | 2.72 | 2.34 |
1898 | 2.51 | 2.21 |
1899 | 2.49 | 2.25 |
1900 | 2.49 | 2.31 |
1901 | 2.44 | 2.32 |
1902 | 2.31 | 2.25 |
1903 | 2.29 | 2.29 |
1904 | 2.14 | 2.14 |
1905 | 2.13 | 2.13 |
1906 | 2.27 | 2.27 |
1907 | 2.28 | 2.28 |
1908 | 2.06 | 2.06 |
1909 | 2.19 | |
1910 | 2.17 | |
1911 | 2.07 | |
1912 | 2.12 | |
1913 | 2.15 | |
1914 | 1.88 | |
1915 | 1.87 | |
1916 | 2.09 | |
1917 | 2.15 | |
1918 | 2.47 | |
1919 | 2.25 | |
1920 | 2.18 | |
1921 | 1.88 | |
1922 | 1.87 | |
1923 | 2.02 | |
1924 | 1.95 | |
1925 | 1.87 | |
1926 | 1.94 | |
1927 | 1.86 | |
1928 | 1.83 | |
1929 | 1.94 | |
1930 | 1.68 | |
1931 | 1.45 | |
1932 | 1.24 | |
1933 | 1.32 | |
1934 | 1.47 | |
1935 | 1.49 | |
1936 | 1.57 | |
1937 | 1.64 | |
1938 | 1.51 | |
1939 | 1.50 | |
1940 | 1.48 | |
1941 | 1.58 | |
1942 | 1.82 | |
1943 | 1.75 | |
1944 | 1.61 | |
1945 | 1.37 | |
1946 | 1.16 | |
1947 | 1.23 | |
1948 | 1.34 | |
1949 | 1.33 | |
1950 | 1.44 | |
1951 | 1.61 | |
1952 | 1.60 | |
1953 | 1.62 | |
1954 | 1.56 | |
1955 | 1.65 | |
1956 | 1.70 | |
1957 | 1.74 | |
1958 | 1.67 | |
1959 | 1.74 | |
1960 | 1.79 | |
1961 | 1.76 | |
1962 | 1.80 | |
1963 | 1.79 | |
1964 | 1.80 | |
1965 | 1.81 | |
1966 | 1.84 | |
1967 | 1.80 | |
1968 | 1.80 | |
1969 | 1.82 | |
1970 | 1.82 | |
1971 | 1.77 | |
1972 | 1.77 | |
1973 | 1.80 | |
1974 | 1.78 | |
1975 | 1.76 |
Make Full Screen
Phase | Mid-phase date | Phase-average velocity (unadjusted for financial sophistication) | Phase-average velocity (adjusted for financial sophistication) |
---|---|---|---|
1 | 1868.5 | ||
2 | 1870 | ||
3 | 1872 | ||
4 | 1876 | 4.74 | 2.38 |
5 | 1880.5 | 4.88 | 2.74 |
6 | 1884 | 3.95 | 2.42 |
7 | 1886.5 | 3.40 | 2.22 |
8 | 1888 | 3.22 | 2.19 |
9 | 1889.5 | 3.08 | 2.17 |
10 | 1891 | 2.98 | 2.18 |
11 | 1892 | 2.92 | 2.19 |
12 | 1893.5 | 2.82 | 2.20 |
13 | 1895 | 2.65 | 2.14 |
14 | 1896 | 2.68 | 2.22 |
15 | 1898 | 2.59 | 2.26 |
16 | 1900 | 2.49 | 2.28 |
17 | 1902 | 2.38 | 2.29 |
18 | 1904 | 2.21 | 2.21 |
19 | 1906 | 2.20 | |
20 | 1908 | 2.17 | |
21 | 1909.5 | 2.15 | |
22 | 1911 | 2.12 | |
23 | 1912.5 | 2.11 | |
24 | 1914 | 2.01 | |
25 | 1916.5 | 2.06 | |
26 | 1919 | 2.36 | |
27 | 1920 | 2.21 | |
28 | 1921 | 2.02 | |
29 | 1922.5 | 1.91 | |
30 | 1924 | 1.99 | |
31 | 1925.5 | 1.91 | |
32 | 1927 | 1.90 | |
33 | 1928.5 | 1.86 | |
34 | 1931 | 1.56 | |
35 | 1935 | 1.45 | |
36 | 1938 | 1.58 | |
37 | 1941.5 | 1.61 | |
38 | 1945.5 | 1.36 | |
39 | 1947.5 | 1.24 | |
40 | 1949 | 1.33 | |
41 | 1951.5 | 1.53 | |
42 | 1954 | 1.59 | |
43 | 1956 | 1.66 | |
44 | 1958 | 1.70 | |
45 | 1959.5 | 1.73 | |
46 | 1961 | 1.78 | |
47 | 1964 | 1.80 | |
48 | 1967 | 1.82 | |
49 | 1968.5 | 1.81 | |
50 | 1970 | 1.82 | |
51 | 1972 | 1.78 | |
52 | 1974.5 | 1.78 |
Last Update:
May 11, 2017