Parameters IOPC#
The following two tables contain the default values for the hyperparameters and parameters of the IOPC model.
Hyperparameters#
Notation |
Unit |
Value |
|
|---|---|---|---|
device |
cpu |
||
iosectors |
[‘S1’, ‘S2’, ‘S3’] |
||
requires_grad |
False |
||
scenario_trigger |
0 |
||
sectors |
[‘Household’, ‘S1’, ‘S2’, ‘S3’, ‘Government’, ‘CentralBank’] |
||
seed |
42 |
||
timesteps |
100 |
||
timesteps_initialization |
1 |
||
vector_sectors |
[‘S1’, ‘S2’, ‘S3’] |
Parameters#
Notation |
Unit |
Value |
Lower Bound |
Upper Bound |
|
|---|---|---|---|---|---|
Markup |
\(\mu\) |
. |
0.875 |
0.0 |
1.0 |
PropensityToConsumeIncomeBase |
\(\alpha_{10}\) |
. |
0.8 |
0.0 |
1.0 |
PropensityToConsumeIncomeInterest |
\(\alpha_{11}\) |
. |
8.0 |
0.0 |
10.0 |
PropensityToConsumeSavings |
\(\alpha_2\) |
. |
0.4 |
0.0 |
1.0 |
S1.GovernmentBudgetShare |
\(\bar{\beta}_{G,1}\) |
. |
0.1 |
0.0 |
1.0 |
S1.HouseholdBudgetShare |
\(\bar{\beta}_{C,1}\) |
. |
0.15 |
0.0 |
1.0 |
S1.LabourProductivity |
\(pr_1\) |
. |
3.5 |
0.0 |
10.0 |
S1.S1.Requirement |
\(a_{1,1}\) |
. |
0.11 |
0.0 |
1.0 |
S1.S2.Requirement |
\(a_{1,2}\) |
. |
0.12 |
0.0 |
1.0 |
S1.S3.Requirement |
\(a_{1,3}\) |
. |
0.1 |
0.0 |
1.0 |
S2.GovernmentBudgetShare |
\(\bar{\beta}_{G,2}\) |
. |
0.3 |
0.0 |
1.0 |
S2.HouseholdBudgetShare |
\(\bar{\beta}_{C,2}\) |
. |
0.35 |
0.0 |
1.0 |
S2.LabourProductivity |
\(pr_2\) |
. |
5.0 |
0.0 |
10.0 |
S2.S1.Requirement |
\(a_{2,1}\) |
. |
0.21 |
0.0 |
1.0 |
S2.S2.Requirement |
\(a_{2,2}\) |
. |
0.22 |
0.0 |
1.0 |
S2.S3.Requirement |
\(a_{2,3}\) |
. |
0.2 |
0.0 |
1.0 |
S3.GovernmentBudgetShare |
\(\bar{\beta}_{G,3}\) |
. |
0.6 |
0.0 |
1.0 |
S3.HouseholdBudgetShare |
\(\bar{\beta}_{C,3}\) |
. |
0.5 |
0.0 |
1.0 |
S3.LabourProductivity |
\(pr_3\) |
. |
2.2 |
0.0 |
10.0 |
S3.S1.Requirement |
\(a_{3,1}\) |
. |
0.15 |
0.0 |
1.0 |
S3.S2.Requirement |
\(a_{3,2}\) |
. |
0.18 |
0.0 |
1.0 |
S3.S3.Requirement |
\(a_{3,3}\) |
. |
0.1 |
0.0 |
1.0 |
TaxRate |
\(\theta\) |
% per period |
0.2 |
0.0 |
1.0 |
WealthShareBills_Constant |
\(\lambda_0\) |
. |
0.635 |
0.0 |
1.0 |
WealthShareBills_Income |
\(\lambda_2\) |
. |
0.01 |
0.0 |
1.0 |
WealthShareBills_InterestRate |
\(\lambda_1\) |
. |
5.0 |
0.0 |
10.0 |