Variables GL06PCEX#
The following table contains the default information for the variables of the GL06PCEX 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’)] |
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’)] |
ExpectedWealth |
\(V^e(t)\) |
USD |
0 |
Household |
[(‘Index’, ‘Household’)] |
HouseholdBillDemand |
\(B_d(t)\) |
USD |
0 |
Household |
[(‘Index’, ‘Household’)] |