This file describes the code and data files underlying Table 3
of Bruegemann and Moscarini (2010), Review of Economic
Dynamics, Vol 13, No. 3, pp. 576-596.

List of files:
BLS nonfarm business.mat        MAT-file containing data
CPS employment.mat              MAT-file containing data
job finding rate data.mat       MAT-file containing data
regressions_table_3.m           MATLAB m-file containing
                                main program
hpfilter_sparse.m               MATLAB m-file for HP filter
                                called by main program

Running the code:
Place all files into the same directory and make this directory
the current working directory in MATLAB. Enter the command:

regressions_table_3

This calls a function that will load the data,
call hp_filter_sparse to apply the HP filter to the data, and
output table 3 to the command window.
The m-file regressions_table_3 contains extensive comments on the
manipulations performed.

Remark:
Uses the MATLAB statistics toolbox.