Source: DiCecio, Riccardo  

Release: Sticky Wages and Sectoral Labor Comovement  

Units:  Index 2005=1, Seasonally Adjusted

Frequency:  Quarterly

Relative price of equipment and software is calculated as equipment and software deflator (https://fred.stlouisfed.org/series/ESDEF) divided by consumption deflator (https://fred.stlouisfed.org/series/CONSDEF).

This series was discontinued. Under the new NIPA organization, Equipment and Software is presented as two separate series. Current relative price of equipment is available at https://fred.stlouisfed.org/series/PERIC

For additional details see: R. DiCecio (2009). "Sticky wages and sectoral labor comovement," Journal of Economic Dynamics and Control, 33(3): 538-53. (http://dx.doi.org/10.1016/j.jedc.2008.08.003).