Variables ECO3IOPC#
The following table contains the default information for the variables of the ECO3IOPC model.
Notation |
Unit |
History |
Sectors |
Sfc |
|
|---|---|---|---|---|---|
RealConsumptionHousehold |
\(c(t)\) |
RU |
0 |
Household |
[(‘Index’, ‘Household’)] |
NominalConsumptionHousehold |
\(p_c(t)c(t)\) |
USD |
0 |
Household |
[(‘Outflow’, ‘Household’), (‘Inflow’, ‘IOSectors’)] |
RealConsumptionGovernment |
\(g(t)\) |
RU |
0 |
Government |
[(‘Index’, ‘Government’)] |
NominalConsumptionGovernment |
\(p_g(t) g(t)\) |
USD |
0 |
Government |
[(‘Outflow’, ‘Government’), (‘Inflow’, ‘IOSectors’)] |
RealGrossOutput |
\(x_i(t)\) |
RU_i |
0 |
S1, S2, S3 |
[(‘Index’, ‘Production’)] |
RealFinalDemand |
\(d_i(t)\) |
RU_i |
0 |
S1, S2, S3 |
[(‘Index’, ‘Production’)] |
Prices |
\(P_i(t)\) |
USD |
0 |
S1, S2, S3 |
[(‘Index’, ‘Production’)] |
ConsumerPriceIndex |
\(p_c(t)\) |
USD |
0 |
Household |
[(‘Index’, ‘Household’)] |
ConsumerPriceInflation |
\(\pi(t)\) |
%pp |
0 |
Household |
[(‘Index’, ‘Household’)] |
GovernmentPriceIndex |
\(p_g(t)\) |
USD |
0 |
Government |
[(‘Index’, ‘Government’)] |
NationalIncome |
\(Y(t)\) |
USD |
0 |
Macroeconomy |
[(‘Outflow’, ‘S1’), (‘Inflow’, ‘Household’)] |
InterestEarnedOnBillsHousehold |
\(r(t-1)\cdot B_h(t-1)\) |
USD |
0 |
Household |
[(‘Inflow’, ‘Household’), (‘Outflow’, ‘Government’)] |
CentralBankProfits |
\(r(t-1)\cdot B_{CB}(t-1)\) |
USD |
0 |
CentralBank |
[(‘Inflow’, ‘Government’), (‘Outflow’, ‘CentralBank’)] |
Taxes |
\(T(t)\) |
USD |
0 |
Household |
[(‘Outflow’, ‘Household’), (‘Inflow’, ‘Government’)] |
HouseholdMoneyStock |
\(H_h(t)\) |
USD |
0 |
Household |
[(‘Asset’, ‘Household’)] |
CentralBankMoneyStock |
\(H_{s}(t)\) |
USD |
0 |
CentralBank |
[(‘Liability’, [‘CentralBank’, ‘Capital’])] |
HouseholdBillStock |
\(B_h(t)\) |
USD |
0 |
Household |
[(‘Asset’, ‘Household’)] |
GovernmentBillStock |
\(B_s(t)\) |
USD |
0 |
Government |
[(‘Liability’, ‘Government’)] |
CentralBankBillStock |
\(B_{CB}(t)\) |
USD |
0 |
CentralBank |
[(‘Asset’, [‘CentralBank’, ‘Capital’])] |
Wealth |
\(V(t)\) |
USD |
0 |
Household |
[(‘Liability’, ‘Household’), (‘Asset’, ‘Government’)] |
InterestRate |
\(r(t)\) |
. |
0 |
Macroeconomy |
[(‘Index’, ‘Macroeconomy’)] |
DisposableIncome |
\(YD(t)\) |
USD |
0 |
Household |
[(‘Index’, ‘Household’)] |
ExpectedDisposableIncome |
\(YD^e(t)\) |
USD |
0 |
Household |
[(‘Index’, ‘Household’)] |
PropensityToConsumeIncome |
\(\alpha_1(t)\) |
. |
0 |
Household |
[(‘Index’, ‘Household’)] |
ExpectedWealth |
\(V^e(t)\) |
USD |
0 |
Household |
[(‘Index’, ‘Household’)] |
HouseholdBillDemand |
\(B_d(t)\) |
USD |
0 |
Household |
[(‘Index’, ‘Household’)] |
RawMaterialProduction |
\(x_{mat}(t)\) |
. |
0 |
Macroeconomy |
[(‘Index’, ‘Macroeconomy’)] |
ExtractedMatter |
\(mat(t)\) |
. |
0 |
Macroeconomy |
[(‘Index’, ‘Macroeconomy’)] |
RecycledSocioeconomicStock |
\(rec(t)\) |
. |
0 |
Macroeconomy |
[(‘Index’, ‘Macroeconomy’)] |
DiscardedSocioeconomicStock |
\(dis(t)\) |
. |
0 |
Macroeconomy |
[(‘Index’, ‘Macroeconomy’)] |
SocioeconomicStock |
\(k_h(t)\) |
. |
0 |
Macroeconomy |
[(‘Index’, ‘Macroeconomy’)] |
EnergyRequiredForProduction |
\(en(t)\) |
. |
0 |
Macroeconomy |
[(‘Index’, ‘Macroeconomy’)] |
RenewableEnergy |
\(ren(t)\) |
. |
0 |
Macroeconomy |
[(‘Index’, ‘Macroeconomy’)] |
NonRenewableEnergy |
\(nen(t)\) |
. |
0 |
Macroeconomy |
[(‘Index’, ‘Macroeconomy’)] |
CO2IntensityNonRenewableEnergy |
\(\beta_e(t)\) |
. |
0 |
Macroeconomy |
[(‘Index’, ‘Macroeconomy’)] |
CumulativeCO2 |
\(co2_{cum}(t)\) |
. |
0 |
Macroeconomy |
[(‘Index’, ‘Macroeconomy’)] |
Waste |
\(wa(t)\) |
. |
0 |
Macroeconomy |
[(‘Index’, ‘Macroeconomy’)] |
Temperature |
\(temp(t)\) |
. |
0 |
Macroeconomy |
[(‘Index’, ‘Macroeconomy’)] |
InitialTemperature |
\(temp(0)\) |
. |
0 |
Macroeconomy |
[(‘Index’, ‘Macroeconomy’)] |
MatterReserves |
\(k_{m}(t)\) |
. |
0 |
Macroeconomy |
[(‘Index’, ‘Macroeconomy’)] |
ConversionMatterToReserves |
\(conv_m(t)\) |
. |
0 |
Macroeconomy |
[(‘Index’, ‘Macroeconomy’)] |
MatterResources |
\(res_m(t)\) |
. |
0 |
Macroeconomy |
[(‘Index’, ‘Macroeconomy’)] |
EnergyReserves |
\(k_e(t)\) |
. |
0 |
Macroeconomy |
[(‘Index’, ‘Macroeconomy’)] |
ConversionEnergyToReserves |
\(conv_e(t)\) |
. |
0 |
Macroeconomy |
[(‘Index’, ‘Macroeconomy’)] |
EnergyResources |
\(res_e(t)\) |
. |
0 |
Macroeconomy |
[(‘Index’, ‘Macroeconomy’)] |
DurableGoodsStock |
\(dc(t)\) |
. |
0 |
S1, S2, S3 |
[(‘Index’, ‘Macroeconomy’)] |
TotalEmissions |
\(emis(t)\) |
. |
0 |
Macroeconomy |
[(‘Index’, ‘Macroeconomy’)] |
CarbonMassOfEnergy |
\(cen(t)\) |
. |
0 |
Macroeconomy |
[(‘Index’, ‘Macroeconomy’)] |
MassOfOxygen |
\(o2(t)\) |
. |
0 |
Macroeconomy |
[(‘Index’, ‘Macroeconomy’)] |
C02IntensityNonRenewableEnergy |
\(\beta_e(t)\) |
. |
0 |
Macroeconomy |
[(‘Index’, ‘Macroeconomy’)] |
Emissions |
\(emis_i(t)\) |
. |
0 |
Macroeconomy |
[(‘Index’, ‘Macroeconomy’)] |