Variables IOPC

The following table contains the default information for the variables of the IOPC model.

	Notation	Unit	History	Sectors	Sfc
RealConsumptionHousehold	\(c(t)\)	RU	0	Household	[(‘Index’, ‘Household’)]
NominalConsumptionHousehold	\(p_c(t)c(t)\)	USD	0	Household	[(‘Outflow’, ‘Household’), (‘Inflow’, ‘IOSectors’)]
RealConsumptionGovernment	\(g(t)\)	RU	0	Government	[(‘Index’, ‘Government’)]
NominalConsumptionGovernment	\(p_g(t) g(t)\)	USD	0	Government	[(‘Outflow’, ‘Government’), (‘Inflow’, ‘IOSectors’)]
RealGrossOutput	\(x_i(t)\)	RU_i	0	S1, S2, S3	[(‘Index’, ‘Production’)]
RealFinalDemand	\(d_i(t)\)	RU_i	0	S1, S2, S3	[(‘Index’, ‘Production’)]
Prices	\(P_i(t)\)	USD	0	S1, S2, S3	[(‘Index’, ‘Production’)]
ConsumerPriceIndex	\(p_c(t)\)	USD	0	Household	[(‘Index’, ‘Household’)]
ConsumerPriceInflation	\(\pi(t)\)	%pp	0	Household	[(‘Index’, ‘Household’)]
GovernmentPriceIndex	\(p_g(t)\)	USD	0	Government	[(‘Index’, ‘Government’)]
NationalIncome	\(Y(t)\)	USD	0	Macroeconomy	[(‘Outflow’, ‘S1’), (‘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’)]
PropensityToConsumeIncome	\(\alpha_1(t)\)	.	0	Household	[(‘Index’, ‘Household’)]
ExpectedWealth	\(V^e(t)\)	USD	0	Household	[(‘Index’, ‘Household’)]
HouseholdBillDemand	\(B_d(t)\)	USD	0	Household	[(‘Index’, ‘Household’)]