Variables GL06LP#
The following table contains the default information for the variables of the GL06LP model.
Notation |
Unit |
History |
Sectors |
Sfc |
|
|---|---|---|---|---|---|
ConsumptionHousehold |
\(C(t)\) |
USD |
0 |
Household |
[(‘Inflow’, ‘Production’), (‘Outflow’, ‘Household’)] |
ConsumptionGovernment |
\(G(t)\) |
USD |
0 |
Government |
[(‘Inflow’, ‘Production’), (‘Outflow’, ‘Government’)] |
NationalIncome |
\(Y(t)\) |
USD |
0 |
Macroeconomy |
[(‘Outflow’, ‘Production’), (‘Inflow’, ‘Household’)] |
Taxes |
\(T(t)\) |
USD |
0 |
Household |
[(‘Outflow’, ‘Household’), (‘Inflow’, ‘Government’)] |
InterestOnBillsHousehold |
\(r_b(t-1) \cdot B_h(t-1)\) |
USD |
0 |
Household |
[(‘Inflow’, ‘Household’), (‘Outflow’, ‘Government’)] |
BondCouponIncomeHousehold |
\(BL_h(t-1)\) |
USD |
0 |
Household |
[(‘Inflow’, ‘Household’), (‘Outflow’, ‘Government’)] |
CentralBankProfits |
\(r_b(t-1) \cdot B_{CB}(t-1)\) |
USD |
0 |
CentralBank |
[(‘Inflow’, ‘Government’), (‘Outflow’, ‘CentralBank’)] |
CapitalGains |
\(CG(t)\) |
USD |
0 |
Household |
[(‘Index’, ‘Household’)] |
ExpectedCapitalGains |
\(CG^e(t)\) |
USD |
0 |
Household |
[(‘Index’, ‘Household’)] |
Wealth |
\(V(t)\) |
USD |
0 |
Household |
[(‘Liability’, ‘Household’), (‘Asset’, ‘Government’)] |
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’])] |
HouseholdBondStock |
\(BL_h(t)\) |
bonds |
0 |
Household |
[(‘Asset’, ‘Household’)] |
GovernmentBondSupply |
\(BL_s(t)\) |
bonds |
0 |
Government |
[(‘Liability’, ‘Government’)] |
HouseholdCashStock |
\(H_h(t)\) |
USD |
0 |
Household |
[(‘Asset’, ‘Household’)] |
CentralBankMoneyStock |
\(H_s(t)\) |
USD |
0 |
CentralBank |
[(‘Liability’, [‘CentralBank’, ‘Capital’])] |
DisposableIncome |
\(YD_r(t)\) |
USD |
0 |
Household |
[(‘Index’, ‘Household’)] |
ExpectedDisposableIncome |
\(YD_r^e(t)\) |
USD |
0 |
Household |
[(‘Index’, ‘Household’)] |
ExpectedWealth |
\(V^e(t)\) |
USD |
0 |
Household |
[(‘Index’, ‘Household’)] |
HouseholdBillDemand |
\(B_d(t)\) |
USD |
0 |
Household |
[(‘Index’, ‘Household’)] |
HouseholdBondDemand |
\(BL_d(t)\) |
bonds |
0 |
Household |
[(‘Index’, ‘Household’)] |
HouseholdCashDemand |
\(H_d(t)\) |
USD |
0 |
Household |
[(‘Index’, ‘Household’)] |
InterestRateBills |
\(r_b(t)\) |
. |
0 |
Macroeconomy |
[(‘Index’, ‘Macroeconomy’)] |
BondPrice |
\(p_{bl}(t)\) |
USD |
0 |
Macroeconomy |
[(‘Index’, ‘Macroeconomy’)] |
BondYield |
\(r_{bl}(t)\) |
. |
0 |
Macroeconomy |
[(‘Index’, ‘Macroeconomy’)] |
ExpectedBondPrice |
\(p_{bl}^e(t)\) |
USD |
0 |
Household |
[(‘Index’, ‘Household’)] |
ExpectedReturnOnBonds |
\(ERr_{bl}(t)\) |
. |
0 |
Household |
[(‘Index’, ‘Household’)] |