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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;

Table 1:The results of the steady-state model simulation
  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 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 3: The logarithm of real household wealth and consumption.
Figure 4: The ratio of CONH/CONO and its relative price
Figure 4: The ratio of CONH/CONO and its relative price.
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