SNA VARIABLES
NA14: NA14=TEXPS+YD-IM+C5000*NGG+CONH
+(NA15-CONH)+Z_NA8+C5001*CONO,
NA15: NA15 =(C3600+C3601*TREND+Z_NA15)*CONH,
NA1: NA1=NA15+(C2600+C2601*TREND+Z_NA1)*CONO,
NA2: NA2=(C2700+C2701*TREND+Z_NA2)*(GGCO+C5000*NGG),
NA3: NA3=(C2800+C2801*TREND+Z_NA3)*IH,
NA4: NA4=(C2900+C2901*TREND+Z_NA4)*IBF,
NA7: NA7=(C3200+C3201*TREND+Z_NA7)*GGIF,
NA10: NA10=(NA14-Z_NA8),
NA9: NA9=IIE,
NA8: NA8=IINR+Z_NA8,
NA12: NA12=TEXP,
PTEX: PTEX=RPTEX*PYD,
PM: PM=RPM*PYD,
WA: WA=RWA*PYD,
GDPZ: GDPZ=GNEZ+PTEX*TEXP-(PM/(1+POL5_EQ)*IM),
GNEZ: GNEZ=PYD*(YD)+PTEX*IIE+PCONH*CONH+WA*NGG
+POL4_EQ*PYD*CONO,
NA16: NA16=GDPZ*(1+0)+PCONH*(NA15-CONH)+PYD*(NA8-IINR),
NA13: NA13=IM;
| Private sector production | Private consumption | Business Investment | Residential Investment | Exports | Imports | Current account(pp) | Income tax rate (df) | Real exchange rate | ||
|---|---|---|---|---|---|---|---|---|---|---|
| rptex | rpm | |||||||||
| A permanent 1 per increase in world export price | 0.09-0.05 | 0.77 | 0.33 | 0.95 | 0.33 | 1.27 | 0.01 | -0.001 | -0.66 | -1.66 |
| A permanent 1 per cent increase in the level of productivity | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 0.00 | 0.000 | 0.00 | 0.00 |
| Lowering the real household financial asset to GDP ratio | 0.00 | -0.33 | 0.03 | 1.04 | 0.04 | -0.59 | -0.21 | 0.001 | 1.10 | 1.10 |
| Reducing the public liability to GDP ratio | 0.00 | 0.23 | -0.01 | 0.32 | -0.02 | 0.27 | 0.09 | -0.002 | -0.50 | -0.50 |
| An increase in government consumption and investment by 10 per cent | 0.00 | -2.81 | 0.00 | -4.10 | 0.00 | 0.02 | -0.01 | 0.019 | -0.05 | -0.05 |
Percentage differences from base unless specified as percentage points (pp) from base or as differences (df) from the base
- Figure 1: A flow diagram of the production block in the steady state
-
- Figure 2: The logarithm of real household income and consumption expenditure
-
- Figure 3: The logarithm of real household wealth and consumption
- Figure 4: The ratio of CONH/CONO and its relative price
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