Parameters Mark0COVID#
The following two tables contain the default values for the hyperparameters and parameters of the Mark0COVID model.
Hyperparameters#
Notation |
Unit |
Value |
|
|---|---|---|---|
N_firms |
1000 |
||
device |
cpu |
||
dtype |
torch.float64 |
||
epsilon |
1e-12 |
||
max_constant |
100.0 |
||
min_constant |
100.0 |
||
requires_grad |
False |
||
scenario_trigger |
0 |
||
sectors |
[‘Firms’, ‘Household’, ‘Bank’, ‘CentralBank’] |
||
seed |
0 |
||
seed_init |
0 |
||
sigmoid_constant |
10000.0 |
||
tanh_constant |
1000000.0 |
||
timesteps |
100 |
||
timesteps_initialization |
0 |
Parameters#
Notation |
Unit |
Value |
Lower Bound |
Upper Bound |
|
|---|---|---|---|---|---|
BankruptcyInterestEffect |
\(f\) |
. |
0.5 |
0.0 |
1.0 |
CBEmploymentReaction |
\(\phi_\varepsilon\) |
. |
0.0 |
0.0 |
10.0 |
CBInflationReaction |
\(\phi_\pi\) |
. |
0.0 |
0.0 |
10.0 |
CBInflationTarget |
\(\pi^\star\) |
1 / period |
0.002 |
0.0 |
1.0 |
CBUnemploymentTarget |
\(\hat\varepsilon^\star\) |
. |
0.05 |
0.0 |
1.0 |
ConsumptionPropensityBaseline |
\(c_0\) |
. |
0.5 |
0.0 |
1.0 |
ConsumptionRealRateSensitivity |
\(\alpha_c\) |
. |
4.0 |
0.0 |
100.0 |
DefaultThreshold |
\(\Theta\) |
. |
2.0 |
0.0 |
100.0 |
DividendShare |
\(\delta\) |
. |
0.02 |
0.0 |
1.0 |
EWMAMemory |
\(\omega\) |
. |
0.2 |
0.0 |
1.0 |
ExpectedInflationEWMAWeight |
\(\tau^R\) |
. |
0.5 |
0.0 |
1.0 |
ExpectedInflationTargetWeight |
\(\tau^T\) |
. |
0.5 |
0.0 |
1.0 |
FiringPropensity |
\(\eta_0\) |
. |
0.1 |
0.0 |
1.0 |
FirmRevivalProbability |
\(\phi\) |
1 / period |
0.1 |
0.0 |
1.0 |
GammaBaseline |
\(\Gamma_0\) |
. |
0.0 |
0.0 |
10.0 |
HiringFiringRate |
\(R\) |
. |
2.0 |
0.0 |
10.0 |
HouseholdIntensityOfChoice |
\(\beta\) |
. |
2.0 |
0.0 |
100.0 |
InitialProductionScale |
\(y_0\) |
. |
0.5 |
0.0 |
1.0 |
InterestRateBaseline |
\(\rho^\star\) |
1 / period |
0.005 |
0.0 |
1.0 |
LoanRateGammaSensitivity |
\(\alpha_\Gamma\) |
. |
50.0 |
0.0 |
1000.0 |
PriceAdjustmentSize |
\(\gamma_p\) |
. |
0.1 |
0.0 |
1.0 |
WageInflationFactor |
\(f_w\) |
. |
1.0 |
0.0 |
2.0 |
WagePriceAdjustmentRatio |
\(\gamma_w / \gamma_p\) |
. |
1.0 |
0.0 |
10.0 |