August 2011

The replication/data files for 
Michael W.L. Elsby and Matthew D. Shapiro. 
"Why Does Trend Growth Affect Equilibrium Employment?  
A New Explanation of an Old Puzzle" 
American Economic Review (forthcoming)

can be found in 
Elsby-Shapiro-AER-online-data.zip.

Please refer to
readme.pdf
in the zip file for a detailed explanation of
the data and program files.