Research Use Terms

Full Research Use Terms

Version 1.1. By downloading or using the Global Macro Database, you accept these Research Use Terms.

1. About these Terms

The Global Macro Database (the "GMD") is free for academic use, and for teachers and non-profit organizations (Section 2). These Research Use Terms (the "Terms") explain what that means and how you can use the GMD.

They follow the spirit of the Creative Commons Attribution-NonCommercial-ShareAlike 4.0 (CC BY-NC-SA 4.0) license. If anything here differs from it, these Terms apply.

Not sure your use is allowed? Treat it as commercial and contact us before downloading.

2. Who may use the GMD for free

The GMD is free for academic use. Academic use means use:

• by students, faculty, and researchers at universities and other degree-granting institutions, or at non-profit research institutes whose main purpose is academic research; and
• for research meant for publication (papers, working papers, books, and theses), teaching and coursework, or replicating published research.

The GMD is also free for:

• teachers and instructors at any level, for the classroom; and
• non-profit organizations such as charities, foundations, and NGOs, for their non-commercial work.

Everyone else, including companies of any kind, may not use the GMD without our written permission.

3. What free users may do

For the uses in Section 2, you can copy, analyze, and build on the GMD, as long as you follow the citation and share-alike rules below (Sections 5 and 6).

Do not re-host or redistribute it. Without explicit permission, do not republish the GMD (in whole or in part) on another website, API, platform, product, or service, or under another name, and do not present it as your own. Send people to globalmacrodata.com so they get the latest data and cite it. One exception: you can include the specific data used in a paper in that paper's replication package if you clearly label the data as coming from the GMD and point people to globalmacrodata.com.

4. Non-permitted uses

Without our written permission, the GMD may not be used outside the uses in Section 2. In particular, you are not permitted to:

• Use it inside a for-profit company. That means any for-profit organization (including but not limited to banks, asset managers, hedge funds, family offices, consultancies, advisory firms, data vendors, fintechs, tech firms, insurers, rating agencies, and any company's research, strategy, treasury, or risk team) using it for the company's work (business, investment, advisory, analytics, model-building, operations, or client services), even purely internally, and whether or not you ever share the data.
• Build it into something you sell. Do not put the GMD (whole, partial, or in derived form) into any product, platform, service, database, dashboard, API, model, index, benchmark, signal, paid report, or client deliverable that is sold, licensed, paywalled, or otherwise monetized.
• Train commercial AI with it. Do not train, fine-tune, or test machine-learning models that go into a commercial product or service (in whole, in part, or in derived form), or into paid client work.
• Use it in marketing. No ads, sponsored content, or other promotional material.

For commercial use, our partners at Anansi Data Analytics offer the World Economic Database, a more extensive, commercial-grade product. If you are not sure whether your use is free, contact us first.

5. Citation and attribution

Please credit the GMD by citing it. The full citation and BibTeX are under How to cite on the Research page.

If the documentation names a specific source for data you rely on heavily, please cite that source too. Do not imply that the GMD or its authors endorse you or your work.

6. Share-alike

If you build on the GMD in any way, and want to share the result, do so under these same Terms. In case you want to distribute data (in whole or in part or derived form) building on the GMD, contact us first.

7. Name and endorsement

Do not suggest that the GMD, its authors, its contributors, or its sources endorse you or your work. Do not use the "Global Macro Database" or "GMD" name or logo in a way that implies endorsement or a connection, without our written permission.

8. No warranty

The GMD comes "as is," with no warranties of any kind. The authors and maintainers are not liable for any claims or damages that come from using it.

9. Software license

The packages that load the GMD in Stata, Python, R, MATLAB, and Julia, and the code that builds the GMD, are published on GitHub. Each is covered by the license file in its own repository. Those licenses cover the software only. The data you load with it is covered by these Terms.

10. Contact

Questions about these Terms, or a use they do not cover? Email support@globalmacrodata.com.