Replication Data for Ellis (2026): Land Appreciation as a Theory of Ordinary Inflation

Replication data and calculations for Ellis (2026), Land Appreciation as a Theory of Ordinary Inflation: Evidence from 65 Years of U.S. Data. Contains annual series from 1960-2023 for total capital gains (Tax Foundation from IRS), nominal GDP (BEA), CPI-U (BLS), labor productivity (BLS OPHNFB), and the derived real estate share parameter (Federal Reserve Z.1). Spreadsheet computes cumulative landflation, cumulative CPI, and the ratio at both 0.55 and 0.555 real estate share specifications. All sources and formulas documented in the file. Methodology described in the companion paper available on SSRN at https://ssrn.com/abstract=6561100.