Parameters GL06LP2#
The following two tables contain the default values for the hyperparameters and parameters of the GL06LP2 model.
Hyperparameters#
Notation |
Unit |
Value |
|
|---|---|---|---|
device |
cpu |
||
requires_grad |
False |
||
scenario_trigger |
50 |
||
sectors |
[‘Household’, ‘Production’, ‘Government’, ‘CentralBank’] |
||
seed |
42 |
||
timesteps |
100 |
||
timesteps_initialization |
1 |
Parameters#
Notation |
Unit |
Value |
Lower Bound |
Upper Bound |
|
|---|---|---|---|---|---|
BondPriceAdjustmentStep |
\(\beta\) |
. |
0.02 |
0.0 |
0.1 |
ExpectationAdjustmentSpeed |
\(\beta_e\) |
. |
0.5 |
0.0 |
1.0 |
ExpectationWeightBondPrice |
\(\chi\) |
. |
0.1 |
0.0 |
1.0 |
PropensityToConsumeIncome |
\(\alpha_1\) |
. |
0.8 |
0.0 |
1.0 |
PropensityToConsumeSavings |
\(\alpha_2\) |
. |
0.2 |
0.0 |
1.0 |
TargetProportionLower |
\(\text{bot}\) |
. |
0.495 |
0.0 |
1.0 |
TargetProportionUpper |
\(\text{top}\) |
. |
0.505 |
0.0 |
1.0 |
TaxRate |
\(\theta\) |
% per period |
0.1938 |
0.0 |
1.0 |
WealthShareBills_BillRate |
\(\lambda_{22}\) |
. |
1.1 |
-10.0 |
10.0 |
WealthShareBills_BondReturn |
\(\lambda_{23}\) |
. |
-1.0 |
-10.0 |
10.0 |
WealthShareBills_Constant |
\(\lambda_{20}\) |
. |
0.44196 |
0.0 |
1.0 |
WealthShareBills_Income |
\(\lambda_{24}\) |
. |
-0.03 |
-1.0 |
1.0 |
WealthShareBonds_BillRate |
\(\lambda_{32}\) |
. |
-1.0 |
-10.0 |
10.0 |
WealthShareBonds_BondReturn |
\(\lambda_{33}\) |
. |
1.1 |
-10.0 |
10.0 |
WealthShareBonds_Constant |
\(\lambda_{30}\) |
. |
0.3997 |
0.0 |
1.0 |
WealthShareBonds_Income |
\(\lambda_{34}\) |
. |
-0.03 |
-1.0 |
1.0 |