Variables GL06INSOUT#
The following table contains the default information for the variables of the GL06INSOUT model.
Notation |
Unit |
History |
Sectors |
Sfc |
|
|---|---|---|---|---|---|
RealGovernmentSpending |
\(g(t)\) |
real units |
0 |
Government |
[(‘Index’, ‘Government’)] |
BillRate |
\(r_b(t)\) |
. |
1 |
Macroeconomy |
[(‘Index’, ‘Macroeconomy’)] |
BondYield |
\(r_{bl}(t)\) |
. |
1 |
Macroeconomy |
[(‘Index’, ‘Macroeconomy’)] |
DepositRate |
\(r_m(t)\) |
. |
1 |
Bank |
[(‘Index’, ‘Bank’)] |
LoanRate |
\(r_l(t)\) |
. |
1 |
Bank |
[(‘Index’, ‘Bank’)] |
AdvanceRate |
\(r_a(t)\) |
. |
0 |
CentralBank |
[(‘Index’, ‘CentralBank’)] |
PriceLevel |
\(p(t)\) |
. |
1 |
Firm |
[(‘Index’, ‘Firm’)] |
InflationRate |
\(\pi(t)\) |
. |
0 |
Macroeconomy |
[(‘Index’, ‘Macroeconomy’)] |
NominalWage |
\(W(t)\) |
USD/worker |
1 |
Firm |
[(‘Index’, ‘Firm’)] |
RealWage |
\(\omega(t)\) |
real units/worker |
0 |
Firm |
[(‘Index’, ‘Firm’)] |
TargetRealWage |
\(\omega^T(t)\) |
real units/worker |
1 |
Firm |
[(‘Index’, ‘Firm’)] |
UnitCost |
\(UC(t)\) |
USD/unit |
1 |
Firm |
[(‘Index’, ‘Firm’)] |
NormalHistoricUnitCost |
\(NHUC(t)\) |
USD/unit |
0 |
Firm |
[(‘Index’, ‘Firm’)] |
ExpectedSales |
\(s^e(t)\) |
real units |
1 |
Firm |
[(‘Index’, ‘Firm’)] |
RealSales |
\(s(t)\) |
real units |
1 |
Firm |
[(‘Index’, ‘Firm’)] |
RealOutput |
\(y(t)\) |
real units |
0 |
Firm |
[(‘Index’, ‘Firm’)] |
TargetInventorySalesRatio |
\(\sigma^T(t)\) |
. |
0 |
Firm |
[(‘Index’, ‘Firm’)] |
TargetInventories |
\(inv^T(t)\) |
real units |
0 |
Firm |
[(‘Index’, ‘Firm’)] |
ExpectedInventories |
\(inv^e(t)\) |
real units |
0 |
Firm |
[(‘Index’, ‘Firm’)] |
RealInventories |
\(inv(t)\) |
real units |
1 |
Firm |
[(‘Asset’, ‘Firm’)] |
ActualInventorySalesRatio |
\(\sigma(t)\) |
. |
0 |
Firm |
[(‘Index’, ‘Firm’)] |
NominalInventories |
\(INV(t)\) |
USD |
1 |
Firm |
[(‘Asset’, ‘Firm’)] |
Employment |
\(N(t)\) |
workers |
0 |
Firm |
[(‘Index’, ‘Firm’)] |
WageBill |
\(WB(t)\) |
USD |
0 |
Firm |
[(‘Outflow’, ‘Firm’), (‘Inflow’, ‘Household’)] |
NominalSales |
\(S(t)\) |
USD |
0 |
Firm |
[(‘Inflow’, ‘Firm’), (‘Outflow’, ‘Household’)] |
NominalOutput |
\(Y(t)\) |
USD |
0 |
Firm |
[(‘Index’, ‘Macroeconomy’)] |
NominalConsumption |
\(C(t)\) |
USD |
0 |
Household |
[(‘Outflow’, ‘Household’), (‘Inflow’, ‘Firm’)] |
GovernmentSpending |
\(G(t)\) |
USD |
0 |
Government |
[(‘Outflow’, ‘Government’), (‘Inflow’, ‘Firm’)] |
RealConsumption |
\(c(t)\) |
real units |
0 |
Household |
[(‘Index’, ‘Household’)] |
Taxes |
\(TX(t)\) |
USD |
0 |
Firm |
[(‘Outflow’, ‘Firm’), (‘Inflow’, ‘Government’)] |
LoanDemand |
\(L^d(t)\) |
USD |
0 |
Firm |
[(‘Index’, ‘Firm’)] |
FirmProfits |
\(FP(t)\) |
USD |
0 |
Firm |
[(‘Index’, ‘Firm’)] |
TotalDividends |
\(FD(t)\) |
USD |
0 |
Household |
[(‘Inflow’, ‘Household’), (‘Outflow’, ‘Firm’)] |
RegularDisposableIncome |
\(YD_r(t)\) |
USD |
1 |
Household |
[(‘Index’, ‘Household’)] |
CapitalGains |
\(CG(t)\) |
USD |
0 |
Household |
[(‘Index’, ‘Household’)] |
HaigSimonsDisposableIncome |
\(YD_{hs}(t)\) |
USD |
0 |
Household |
[(‘Index’, ‘Household’)] |
NominalWealth |
\(V(t)\) |
USD |
1 |
Household |
[(‘Liability’, ‘Household’)] |
RealRegularDisposableIncome |
\(yd_r(t)\) |
real units |
0 |
Household |
[(‘Index’, ‘Household’)] |
RealWealth |
\(v(t)\) |
real units |
0 |
Household |
[(‘Index’, ‘Household’)] |
ExpectedRealDisposableIncome |
\(yd_r^e(t)\) |
real units |
1 |
Household |
[(‘Index’, ‘Household’)] |
NominalExpectedDisposableIncome |
\(YD^e(t)\) |
USD |
0 |
Household |
[(‘Index’, ‘Household’)] |
ExpectedNominalWealth |
\(V^e(t)\) |
USD |
0 |
Household |
[(‘Index’, ‘Household’)] |
CashDemand |
\(Hh^d(t)\) |
USD |
0 |
Household |
[(‘Index’, ‘Household’)] |
ExpectedNonCashWealth |
\(V^e_{nc}(t)\) |
USD |
0 |
Household |
[(‘Index’, ‘Household’)] |
M1DemandTentative |
\(M1^{dt}(t)\) |
USD |
0 |
Household |
[(‘Index’, ‘Household’)] |
M2Demand |
\(M2^d(t)\) |
USD |
0 |
Household |
[(‘Index’, ‘Household’)] |
BillsDemand |
\(B^d(t)\) |
USD |
0 |
Household |
[(‘Index’, ‘Household’)] |
BondsDemand |
\(BL^d(t)\) |
bonds |
0 |
Household |
[(‘Index’, ‘Household’)] |
NonCashWealth |
\(V_{nc}(t)\) |
USD |
0 |
Household |
[(‘Index’, ‘Household’)] |
SwitchM1Positive |
\(z_1(t)\) |
. |
0 |
Household |
[(‘Index’, ‘Household’)] |
SwitchM2Absorber |
\(z_2(t)\) |
. |
0 |
Household |
[(‘Index’, ‘Household’)] |
CashHousehold |
\(Hh(t)\) |
USD |
1 |
Household |
[(‘Asset’, ‘Household’)] |
M1Household |
\(M1_h(t)\) |
USD |
1 |
Household |
[(‘Asset’, ‘Household’)] |
M2Household |
\(M2_h(t)\) |
USD |
1 |
Household |
[(‘Asset’, ‘Household’)] |
BillsHousehold |
\(B_h(t)\) |
USD |
1 |
Household |
[(‘Asset’, ‘Household’)] |
BondsHousehold |
\(BL_h(t)\) |
bonds |
1 |
Household |
[(‘Asset’, ‘Household’)] |
BondPrice |
\(p_{bl}(t)\) |
USD/bond |
1 |
Macroeconomy |
[(‘Index’, ‘Macroeconomy’)] |
ExpectedReturnOnBonds |
\(ERr_{bl}(t)\) |
. |
0 |
Household |
[(‘Index’, ‘Household’)] |
PublicSectorBorrowingRequirement |
\(PSBR(t)\) |
USD |
0 |
Government |
[(‘Index’, ‘Government’)] |
BondsSupply |
\(BL_s(t)\) |
bonds |
1 |
Government |
[(‘Liability’, ‘Government’)] |
BillsSupply |
\(B_s(t)\) |
USD |
1 |
Government |
[(‘Liability’, ‘Government’)] |
GovernmentDebt |
\(GD(t)\) |
USD |
1 |
Government |
[(‘Index’, ‘Government’)] |
LoansSupply |
\(L_s(t)\) |
USD |
1 |
Bank |
[(‘Asset’, ‘Bank’)] |
M1Supply |
\(M1_s(t)\) |
USD |
1 |
Bank |
[(‘Liability’, ‘Bank’)] |
M2Supply |
\(M2_s(t)\) |
USD |
1 |
Bank |
[(‘Liability’, ‘Bank’)] |
RequiredReserves |
\(RR(t)\) |
USD |
0 |
Bank |
[(‘Index’, ‘Bank’)] |
CashBanksSupply |
\(Hb_s(t)\) |
USD |
0 |
Bank |
[(‘Asset’, ‘Bank’)] |
BillsBankTentative |
\(B_b^T(t)\) |
USD |
0 |
Bank |
[(‘Index’, ‘Bank’)] |
BankLiquidityRatioTentative |
\(BLR^T(t)\) |
. |
1 |
Bank |
[(‘Index’, ‘Bank’)] |
SwitchBankBelowFloor |
\(z_3(t)\) |
. |
0 |
Bank |
[(‘Index’, ‘Bank’)] |
AdvancesDemand |
\(A^d(t)\) |
USD |
0 |
Bank |
[(‘Index’, ‘Bank’)] |
BillsBank |
\(B_b(t)\) |
USD |
1 |
Bank |
[(‘Asset’, ‘Bank’)] |
BankLiquidityRatio |
\(BLR(t)\) |
. |
1 |
Bank |
[(‘Index’, ‘Bank’)] |
LaggedM1Supply |
\(M1_s(t-1)^{lag}\) |
USD |
1 |
Bank |
[(‘Index’, ‘Bank’)] |
LaggedM2Supply |
\(M2_s(t-1)^{lag}\) |
USD |
1 |
Bank |
[(‘Index’, ‘Bank’)] |
BankProfits |
\(FBP(t)\) |
USD |
1 |
Bank |
[(‘Index’, ‘Bank’)] |
BankProfitMargin |
\(BPM(t)\) |
. |
1 |
Bank |
[(‘Index’, ‘Bank’)] |
AdvancesSupply |
\(A_s(t)\) |
USD |
1 |
CentralBank |
[(‘Asset’, ‘CentralBank’)] |
BillsCentralBank |
\(B_{cb}(t)\) |
USD |
1 |
CentralBank |
[(‘Asset’, ‘CentralBank’)] |
HighPoweredMoney |
\(H_s(t)\) |
USD |
0 |
CentralBank |
[(‘Liability’, ‘CentralBank’)] |
BankReservesSupply |
\(HPM_b(t)\) |
USD |
0 |
CentralBank |
[(‘Index’, ‘CentralBank’)] |
CentralBankProfits |
\(FCB(t)\) |
USD |
0 |
CentralBank |
[(‘Inflow’, ‘Government’), (‘Outflow’, ‘CentralBank’)] |