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HOUSING SECTOR

IH: IH/KH=C0501*(IH(-1)/KH(-1))+(1-C0501)*(GR(-4)+DRRB_EQ-1)

+C0502*(KSRATIO*(RPCONH(-2)-POL7_EQ(-2)) –

(DRRB_EQ+IR_EQ+RP(-2)))

+C0503*YCURVE(-2)+C0504*YCURVE(-3)+Z_IH,

TBQH: TBQH=(KSRATIO*(RPCONH(-2)-POL7_EQ(-2)) –

(DRRB_EQ+IR_EQ+RP)),

KH: KH= KH1(-1),

KH1: KH1=(1-DRRB_EQ)*KH+IH,

INVESTMENT EQUATION

IBF: IBF/KBF=C1301*(IBF(-1)/KBF(-1))+(1-C1301)*(GR(-4)+DR_EQ-1)

+C1302*(AR(-1)-(DR_EQ+IR_EQ+RP1(-1))) +C1303*YCURVE(-2)+C1304*YCURVE(-3) +Z_IBF,

TBQ: TBQ=(AR(-1)-(DR_EQ+IR_EQ+RP1(-1))),

KBF1: KBF1=(1-DR_EQ)*KBF+IBF,

KBF: KBF=KBF1(-1)+Z_IBF*KBF1(-1),

AR: AR=0.25*(RPKLR)+0.25*(RPKLR(-1))+0.25*(RPKLR(-2))+0.25*(RPKLR(-3)),

RPTLR: RPTLR=((RPTEX/(A5))**(THETA/(THETA-1)) +(RPYDMR/A6A)**(THETA/(THETA-1)))**((THETA-1)/THETA),

RPYLR: RPYLR=A4A*(RPTLR**(DELTA/(DELTA-1)) -(RPM/(A3))**(DELTA/(DELTA-1)))**((DELTA-1)/DELTA),

RPKLR: RPKLR=A2A*(RPYLR**(RHO/(RHO-1))-

(RWA/A1)**(RHO/(RHO-1)))**((RHO-1)/RHO),

STOCK

IINR: LOG(IINR)=LOG(YD*SSRATIO_EQ)-5*LOG(KINR(-1)/EKINR(-1)),

KINR1: KINR1=IINR+KINR,

KINR: KINR=KINR1(-1),

KIE: KIE =KIE1(-1),

KIE1: KIE1=KIE+IIE,

IIE: IIE =CEXPS-CEXP,

DEM: DEM=CONO+(IH+IBF+GGCO+GGIF),

YD: YD=(IINR+DEM),

EXPORT SECTOR

TEXPS: LOG(TEXPS) =C1101*LOG(GR(-4)*EXP(-1*π2/4)*EXRSR(-1)) +(1-C1101)*LOG(GR(-4)*EXP(-1*p2/4)*TEXPS(-1)),

CEXPS: CEXPS/TEXPS=(1-NCTEXPSR_EQ),

CEXP: LOG(CEXP)=LOG((1-CESRATIO_EQ)*CEXPS)+0.3* LOG(KIE(-1)/EKIE(-1))

Z_CEXP,

NCEXP: LOG(NCEXP)=0.7*LOG(TEXPS*NCTEXPSR_EQ)

+0.3*LOG(GR*EXP(-1*π2/4)*NCEXP(-1))+Z_NCEXP,

TEXP: TEXP=CEXP+NCEXP,

IMPORT SECTOR

IM: LOG(IM)= C0902*LOG(GR(-4)*EXP(-1*π1/4)*IMSR(-1)) +(1-C0902)*LOG(GR(-4)*EXP(-1*p1/4)*IM(-1))+Z_IM,

EXTERNAL SECTOR

CURB: CURB=-1*((RDOS-RZ_OSPR_EQ-RZ_OSPU_EQ)/RGDP)*100,

TBAL: TBAL=TEXP*RPTEX-IM*RPM/(1+POL5_EQ),

IBAL: IBAL=RYOSPR+RYOSPU,

TFBAL: TFBAL=RTROSPR-RTRPUOS,

RDOS: RDOS=-1*(TBAL)-1*(RTROSPR-RTRPUOS+RYOSPR+RYOSPU),

RTROSPR: RTROSPR= POL14_EQ*RGDP,

RPUDOS1 = (ZG/RER-ZG(-1)/RER(-1))+RZGA-RZGA(-1),

ZP: ZP/RER =(ZP(-1)/RER(-1)+FPDRATIO_EQ*(RDOS(-1)-RPUDOS1)),

RZPA: RZPA = RZPA(-1) + (1-FPDRATIO_EQ)*(RDOS(-1)-RPUDOS1),

RFDEBT: RFDEBT=RFDEBT(-1)+RDOS(-1)-RMTRANSFER(-1),

RYOSPU: RYOSPU=-((RLFB(-1)/400)*(ZG/RER)+(RL(-1)/400)*RZGA),

RYOSPR: RYOSPR=-( RLFB(-1)/400*(ZP/RER)+ RL(-1)/400*(RZPA) ),

DGDPR: DGDPR=RFDEBT/ERGDP,

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