| A1 |
labour efficiency scale parameter |
| A3 |
imports efficiency scale parameter |
| A5 |
exports inefficiency scale parameter |
| AR |
medium-run actual rate of return on capital |
| CESRATIO_EQ |
ratio of CEXP to CEXPS |
| CEXP |
commodity exports |
| CEXPS |
commodity export supply |
| CON |
real consumption (model-basis) |
| COND |
equilibrium CON |
| CONH |
private consumption - housing |
| CONO |
private consumption - other |
| CPI_TAR |
annual CPI inflation target - 0.014884 |
| CPIX |
consumer price index |
| CURB |
balance on current account |
| DEM |
domestic good - sales |
| DGDPR |
real foreign debt to RGDP |
| DGDRATIO_EQ |
ratio of RZA to PUBDER |
| DIFD |
benefit-survey unemployment rates |
| DR_EQ |
depreciation rate for business capital stock |
| DRRB_EQ |
depreciation rate for housing stock |
| E |
TWI (model basis) |
| EKBF |
equilibrium KBF |
| EKH |
equilibrium KH |
| EKIE |
equilibrium KIE |
| EKINR |
equilibrium KINR |
| ERE |
equilibrium RE |
| ERGDP |
equilibrium RGDP |
| ERPM |
equilibrium RPM |
| ERWA |
equilibrium RWA |
| ETWIT |
trade weighted index |
| EXRSR |
short-run equilibrium exports |
| FDGDPR |
real foreign debt to real GDP ratio |
| FGDRATIO_EQ |
ratio of ZG/RE to PUBDER |
| FPDRATIO_EQ |
ratio of private foreign debt contracted in foreign currency to total private foreign debt |
| GDPZ |
nominal gdp (model-basis) |
| GGCO |
general govt consumption - purchases |
| GGCO_EQ |
steady-state general govt consumption - purchases |
| GGIF |
government - fixed investment |
| GGIF_EQ |
steady-state govt - fixed investment |
| GNEZ |
nominal gne (model-basis) |
| GR |
equilibrium real growth factor |
| IBAL |
investment balances |
| IBF |
private investment - fixed - business |
| IH |
private investment - fixed - housing |
| IIE |
inventory investment – commodity exports |
| IINR |
inventory investment - non exports (model-basis) |
| IM |
imports |
| IMSR |
short-run equilibrium IM |
| INF |
inflation rate of CPIX |
| INF_CPIX |
annual inflation rate of CPIX |
| INF_PCONH |
inflation rate of housing services (CONH) deflator |
| INF_PYD |
inflation rate of domestic good (YD) |
| INF_TAR |
inflation target |
| INF_TAR_EQ |
steady-state inflation target |
| INF_WA |
wage inflation |
| INFE |
inflation expectation |
| KBF |
stock of private business fixed capital |
| KBF1 |
stock of private business fixed capital (end of period) |
| KH |
stock of housing |
| KH1 |
stock of housing (end of period) |
| KIE |
stock of commodity exports |
| KIE1 |
stock of commodity exports (end of period) |
| KINR |
stock of non-export inventories |
| KINR1 |
stock of KINR1 (end of period) |
| KSRATIO |
ratio of CONH to KH |
| LDGDPR |
LOG(DGDPR/FDGDPR) |
| LGAP |
private sector production output gap |
| NA1 |
private consumption |
| NA10 |
gdp (production-based estimate) |
| NA12 |
exports of goods and services |
| NA13 |
imports of goods and services |
| NA14 |
gdp (expenditure-based estimate) |
| NA15 |
private consumption - housing |
| NA16 |
nominal gdp (expenditure-based estimate) |
| NA2 |
general government consumption |
| NA3 |
private investment - residential buildings |
| NA4 |
private business gross fixed capital formation |
| NA7 |
public gross fixed capital formation |
| NA8 |
inventory investment - non-commodity |
| NA9 |
inventory investment - commodities |
| NAIRU |
long-run unemployment rate |
| NCEXP |
non-commodity exports |
| NCTEXPSR_EQ |
the share of non-commodities export supply |
| NGG |
employment - general government |
| NGG_EQ |
steady-state employment - general government |
| NSR |
short-run equilibrium NT-NGG |
| NT |
employment |
| NTS |
labour force |
| PARTT |
Labour force participation rate |
| PARTT_EQ |
steady-state labour force participation rate |
| PCONH |
nominal price of housing services |
| PIMF |
price of imports - foreign currency |
| PIMF_EQ |
steady-state price of imports - foreign currency |
| PM |
domestic price of imports |
| PNA10 |
private sector production |
| PO_EQ |
potential private sector production |
| POL1 |
income tax rate |
| POL11_EQ |
transfers rate - other |
| POL12_EQ |
transfers rate - public sector to foreign sector |
| POL14_EQ |
transfers rate - foreign sector to private sector |
| POL3_EQ |
rate of lump sum tax |
| POL4_EQ |
rate of tax on consumption of non-housing |
| POL5_EQ |
rate of tax on imports |
| POL6_EQ |
rate of payroll tax |
| POL7_EQ |
rate of tax on consumption of housing |
| POL8_EQ |
transfers rate - superannuitants |
| POL9_EQ |
transfers rate - unemployment |
| POP1 |
population - aged 0-4 |
| POP2 |
population - aged 5-14 |
| POP3 |
population - aged 15-64 |
| POP4 |
population - aged 65+ |
| POP1_EQ |
steady state population - aged 0-4 |
| POP2_EQ |
steady state population - aged 5-14 |
| POP3_EQ |
steady state population - aged 15-64 |
| POP4_EQ |
steady state population - aged 65+ |
| POPGR_EQ |
working-age population trend growth rate |
| PTEX |
domestic price of exports |
| PTEXF |
world price of exports - foreign currency |
| PTEXF_EQ |
steady-state world price of exports - foreign currency |
| PUBDER |
real public liabilities |
| PYD |
price of YD |
| RATB_EQ |
non-interest income from public to private sector |
| RB |
real domestic bonds + cumulated equity disinvestment |
| RCS |
90-day bank bills |
| RCSFB |
foreign 90-day bank bills |
| RDOS |
real net capital inflow |
| RE |
equilibrium real exchange rate index |
| RER |
real exchange rate index |
| RFDEBT |
real foreign debt |
| RGDP |
real GDP |
| RGSPEND |
real government spending |
| RI |
real interest rates |
| RIF |
real foreign interest rates |
| RINCOME |
real household income |
| RL |
10-yr bond rate |
| RLFB |
foreign 10-yr bond rate |
| RLPCON |
price of consumption (model-basis) |
| RMTRANSFER |
real migrant transfer |
| RP |
risk premium for residential investment |
| RP1 |
risk premium for business investment |
| RPCONH |
real price of housing services |
| RPCONHD |
equilibrium real price of housing services |
| RPKLR |
long-run equilibrium price of capital services |
| RPM |
the relative price of imports |
| RPOP3 |
POP/(POP3+POP4) |
| RPRCS |
risk premium for 90 day rate |
| RPTEX |
the relative price of exports |
| RPTLR |
real long-run equilibrium price of gross output |
| RPTSR |
real short-run equilibrium price of gross output |
| RPUBDE_EQ |
ratio of real public debt to RGDP |
| RPUBS |
real government saving (crown accounts) |
| RPUDOS1 |
real net public capital inflow (previous quarter) |
| RPYD |
unity |
| RPYDMR |
real short-run equilibrium PYD |
| RPYLR |
long-run equilibrium price of primary factors |
| RPYSR |
real short-run equilibrium price of primary factors |
| RS |
real 90-day rate |
| RSF |
real foreign 90-day rate |
| RTROSPR |
real net transfers from foreign sector to private sector |
| RTRPUOS |
net transfers from public sector to foreign sector |
| RTRPUPR |
net transfers from public sector to private sector |
| RWA |
real average earnings (nat. ac. basis): incl. payroll tax |
| RWEALTH |
real household wealth |
| RYOSPR |
real net income from foreign sector to private sector |
| RYOSPU |
real net income from foreign sector to public sector |
| RYPUPR |
real net income from public to private sector |
| RZ_OSPR_EQ |
RYOSPR residual |
| RZ_OSPU_EQ |
RYOSPU residual |
| RZGA |
real public foreign debt denominated in $NZ |
| RZPA |
real private foreign debt denominated in $NZ |
| SHARE |
the ratio of expenditure on housing services to others |
| SSRATIO_EQ |
inventory investment to sale ratio for domestic good |
| TBAL |
trade balances |
| TBQ |
Tobin-q for business investment |
| TBQH |
Tobin-q for residential investment |
| TEXP |
total exports |
| TEXPS |
total export supply |
| TFBAL |
transfer balances |
| TRBASE |
transfers base |
| TREND |
time trend |
| TSR |
quantity of gross output |
| UNB |
number of people on unemployment benefits |
| URT |
unemployment rate |
| WA |
average earnings: incl. payroll tax |
| YCURVE |
yield curve |
| YD |
domestic good - production |
| YSR |
quantity of primary factors |
| Z_CON |
CON equation residual |
| Z_CEXP |
CEXP equation residual |
| Z_NCEXP |
NCEXP equation residual |
| Z_IBF |
IBF equation residual |
| Z_IH |
IH equation residual |
| Z_INF |
INF equation residual |
| Z_NA1 |
NA1 equation residual |
| Z_NA13 |
NA13 equation residual |
| Z_NA15 |
NA16 equation residual |
| Z_NA2 |
NA2 equation residual |
| Z_NA3 |
NA3 equation residual |
| Z_NA4 |
NA4 equation residual |
| Z_NA7 |
NA7 equation residual |
| Z_NA8 |
NA8 equation residual |
| Z_NT |
NT equation residual |
| Z_W |
INF_WA equation residual |
| ZG |
public foreign debt denominated in foreign currency |
| ZP |
private foreign debt denominated in foreign currency |
