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Scenarios GL06LP2
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The following scenarios are available by default for the GL06LP2 model.

Baseline
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The baseline scenario has the following exogenous values:

- Government demand :math:`G = 20`
- Interest rate on bills :math:`r_b = 0.03`
- Initial bond price :math:`p_{bl}^{\text{init}} = 20`

Bond prices are **endogenous**, determined by the target-proportion mechanism.

Scenario 1: Rise in Bill Rate
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The interest rate on bills increases from 0.03 to 0.04. The bond price
responds endogenously through the target-proportion mechanism.

Scenario 2: Expected Bond Price Fall
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Households' expected bond price is shocked downwards by 1 unit. This
shifts portfolio demand away from bonds towards bills and cash.