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| M2 | = | M2 money stock in billions of dollars (not seasonally adjusted). (Monthly data from 1959.01-2007.02) |
| Time | = | time in months |
| D1-D11 | = | monthly dummy variables for January through November |
Source: St. Louis Federal Reserve District Bank, http://www.stls.frb.org/fred/data/monetary/m2ns