Raw data are from the electronic version of the IMF's International Financial Statistics, October 2008. Central Bank claims (IFS lines 12, a-d); GDP in local currency (IFS line 99B..ZF or, if not available, line 99B.CZF); end-of period CPI(IFS line 64M..ZF or, if not available, 64Q..ZF); and annual CPI (IFS line 64..ZF)
Imputation and derivation
Derivation
Claims on domestic real nonfinancial sector by the Central Bank as a share of GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is Central Bank claims, P_e is end-of period CPI, and P_a is average annual CPI
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