| A1 |
labour efficiency scale parameter |
| A3 |
imports efficiency scale parameter |
| A5 |
exports inefficiency scale parameter |
| AR |
actual rate of return on capital |
| CESRATIO_EQ |
The proportion of commodity goods produced in time t, that are xported in time t ie, the ratio of CEXP to CEXPS |
| CEXP |
commodity exports |
| CEXPS |
commodity exports supply (i.e, CEXP + IIE) |
| COEF1 |
estimated constant term in the consumption equation |
| CON |
real consumption (model-basis) |
| COND |
equilibrium consumption |
| CONH |
real consumption of housing |
| CONOR |
real private consumption (non-housing) |
| CRATIO_EQ |
ratio of Core Crown consumption (Crown Accounts) to total Government consumption (SNA) |
| CYRATIO_EQ |
ratio of KH to (POP3+POP4) |
| DGDPR |
real foreign debt to RGDP |
| DGDRATIO_EQ |
ratio of RZA to PUBDER |
| DIFD_EQ |
benefit-survey unemployment rates |
| DR_EQ |
depreciation rate for business capital stock |
| DRRB_EQ |
depreciation rate for housing stock |
| E |
trade weighted exchange rate index used in model |
| ERETURN |
premium on equity |
| ETWIT |
trade weighted exchange rate |
| 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 |
| GGCOR_EQ |
real total Govt consumption (non-wage) -trend |
| GGIFR_EQ |
real Govt investment |
| GNA10 |
government sector output |
| GR |
equilibrium real growth factor |
| GR_1 |
GR-1 |
| HIST |
Dummy variable for the observatoin period |
| IBAL |
investment balances |
| IBFR |
real private investment (non-housing) |
| IHR |
real housing investment |
| IIE |
investment in inventory (commodity good) |
| IINR |
investment in inventory (non-commodity good) |
| IM |
Imports |
| IMC |
imports of consumption goods |
| IMCA |
imports of capital goods |
| IMCS |
household overseas spending |
| IMO |
imports of intermedate goods and others |
| IMSR |
short-run equilibrium IM |
| INF |
inflation as meased by change in CPI |
| INF_PYDO |
inflation as meased by change in price of domestic good |
| IRATIO_EQ |
ratio of Core Crown investment (cash flow statement) to total Government investment (SNA) |
| KBF |
business capital stock (start of period) |
| KBF1 |
business capital stock (end of period) |
| KH |
housing stock (start of period) |
| KH1 |
housing stock (end of period) |
| KIE |
stock of commodity goods (start of period) |
| KIE_EQ |
stock of commodity goods (start of period) -trend |
| KIE1 |
stock of commodity goods (end of period) |
| KINR |
stock of non-commodity goods (start of period) |
| KINR_EQ |
stock of non-commodity goods (start of period) - trend |
| KINR1 |
stock of non-commodity goods (end of period) |
| KSRATIO_EQ |
ratio of CONH to KH |
| NA14 |
real expenditure based GDP |
| NA2 |
real total govt consumption |
| NAIRU |
long-run unemployment rate |
| NCEXP |
non commodity exports |
| NCEXPG |
non commodity goods exports |
| NCEXPS |
non commodity services exports |
| NGG |
total Govt employment |
| NGG_EQ |
steady-state employment - general government -trend |
| NGGGR |
growth rate for NGG |
| NSR |
private sector employment NT-NGG |
| NT |
total employment |
| NTHPR1 |
quarterly hours paid for the private sector |
| NTHSR |
quarterly hours paid for the private sector -medium run variable |
| NTS |
labour force |
| PAGDPR_EQ |
net real household financial asset to GDP ratio |
| PARTT |
labour force participation rate |
| PARTT_EQ |
steady-state labour force participation rate |
| PEXCF |
commodity export prices (in foreign currency) |
| PEXNCF |
non-commodity export prices (in foreign currency) |
| PEXNCGF |
non-commodity goods export prices (in foreign currency) |
| PEXNCSF |
non-commodity services export prices (in foreign currency) |
| PIMCAF |
capital goods import prices (in foreign currency) |
| PIMCF |
consumption goods import prices (in foreign currency) |
| PIMCSF |
household overseas spending import prices (in foreign currency) |
| PIMOF |
intermediate import prices (in foreign currency) |
| PNA10 |
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 |
| POL4WW |
mean of POL4 |
| POL5_EQ |
rate of tax on imports |
| POL7_EQ |
rate of tax on consumption of housing |
| POL8_EQ |
transfers rate - superannuitants |
| POL9_EQ |
transfers rate - unemployment |
| 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 |
| PRHR_EQ |
average weekly paid hrs for private sector employees |
| PUBDER |
real public liabilities |
| PUBDER1 |
real public liabilities at the end of the quarter |
| PUHR_EQ |
average weekly paid hrs for public sector employees |
| PYDO |
The price of PYDO |
| RAP |
NZ private internatioal asset in foreign currency at the beginning of the quarter (expressed at $nz) |
| RAPA |
NZ private internatioal assest in nz currency at the beginning of the quarter |
| RATB_EQ |
non-interest income from public to private sector |
| RB |
real domestic bonds + cumulated equity disinvestment |
| RCOGZ |
Core Crown spending including investment |
| RCSF |
foreign (weighted) 90 day interest rate |
| RDOS |
real net capital inflow |
| RE |
equilibrium real exchange rate index |
| RER |
real exchange rate index |
| RFDEBT |
total NZ net foreign real debt at the start of the quarter |
| RFDEBT1 |
total NZ net foreign real debt at the end of the quarter |
| RGDP |
Model real GDP - deflated by pydo |
| RHW |
private sector hourly rate |
| RHWPU_EQ |
public sector hourly rate (trend) |
| RI_EQ |
real interest rates (trend) |
| RICC |
real issues of currency |
| RIF_E |
real foreign interest rates |
| RIF_EQ |
real foreign interest rates (trend) |
| RINCOME |
real household income |
| RL |
10-yr bond rate |
| RLFB |
foreign 10-yr bond rate |
| RLPCON |
price of consumption (model-basis) |
| RMTRANSFER_EQ |
real migrant transfer |
| RNMC |
net movement in cash (cash flow statement in fiscal data) |
| RNNPPI |
net purchase of non physical investment |
| RNNPPI_EQ |
net purchase of non physical investment |
| RNZSAL |
real assets of NZS fund at the beginning of the quarter |
| RP |
risk premium for residential investment |
| RP1 |
risk premium for business investment |
| RPCONH |
relative price of housing services |
| RPEXC |
relative commodity export prices |
| RPEXNC |
relative non-commodity export prices |
| RPEXNCG |
relative non-commodity goods export prices |
| RPEXNCS |
relative non-commodity services export prices |
| RPFAA |
real financial assets owned by the private sector at the beginning of the quarter |
| RPKLR |
real long-run equilibrium price of capital services |
| RPM |
the relative price of imports |
| RPMC |
the relative price of consumption goods imports |
| RPMCA |
the relative price of capital goods imports |
| RPMCS |
the relative price of household overseas spending |
| RPMO |
the relative price of intermediate imports |
| RPOP3_EQ |
POP/(POP3+POP4) |
| RPPSW |
public sector wages deflator |
| RPTLR |
real long-run equilibrium price of gross output |
| RPUBDE_EQ |
ratio of public debt to GDP |
| RPUBDOT |
net Govt deficit |
| RPUBS |
real government saving (crown accounts) |
| RPUDOS1 |
real net public capital inflow (previous quarter) |
| RPYD_C |
relative price of CONOR (non-housing consumption) |
| RPYD_GC |
relative price of GGCOR |
| RPYD_GI |
relative price of GGIFR |
| RPYD_H |
relative price of IHR |
| RPYD_I |
relative price of IBFR |
| RPYDO |
relative price of PYDO = 1 |
| RPYLR |
long-run equilibrium price of primary factors |
| RTAX |
total tax take (per quarter) |
| RTFINZA |
foreign investment stock in nz at the beginning of the quarter |
| RTNZIAA |
NZ investment aboard stock at the beginning of the quarter |
| 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 |
| RZG |
Govt foreign debt denominated in foreign currency (expressed in $NZ) at the beginning of the quarter) |
| RZGA |
real public foreign debt denominated in $NZ |
| RZP |
private foreign debt denominated in foreign currency (expressed in $NZ) at the beginning of the quarter) |
| RZPA |
real private foreign debt denominated in $NZ |
| SSRATIO_EQ |
inventory investment to sale ratio for domestic good |
| TBAL |
trade balances |
| TEXP |
real total exports |
| TFBAL |
transfer balances |
| TNZIAR_EQ |
ratio of TNZIAA to GDPZ |
| TRBASE |
transfers base (total number of average wages paid in benefits) |
| TF |
time trend |
| TSR |
quantity of gross output |
| UNB |
sa no of people in unemployment benefit (start of quarter) |
| URT |
unemployment rate |
| YD |
YDO+IMC+IMCS+IMCA |
| YDO |
gross output of the private sector excluding commodity exports |
| YSR |
quantity of primary factors |
