| VARIABLE DEFINITIONS |
COUNTRY & SECTORAL CODES |
SET DOMAINS
| Name | Elements | Description |
|---|---|---|
| abroad | UU, JJ, AA, EE, OO, CC, DD, LL, BB, PP | used in asset calculations |
| AnnexB | UU, JJ, AA, EE, OO, BB | Annex B countries |
| capcon | CC | |
| currency | UU, JJ, AA, EE, OO, CC, DD, LL, BB, PP | currency of assets |
| dest | UU, JJ, AA, EE, OO, CC, DD, LL, BB, PP | alias for regions |
| domfor | D, F | domestic vs foreign |
| euro | EE | EURO countries |
| factors | K, L, E, M | top tier factors of production |
| fgen | a13, a14, a15 | |
| goods | g01, g02, g03, g04, g05, g06, g07, g08, g09, g10, g11, g12, g13, g14, g15, g16, g17, g18, g19, g20 | all goods |
| goods_e | g01, g02, g03, g04, g05 | energy goods |
| goods_g | g13, g14, g15, g16, g17, g18, g19, g20 | elect gen |
| goods_m | g06, g07, g08, g09, g10, g11, g12 | materials |
| goods_o | g01, g02, g03, g04, g05, g06, g07, g08, g09, g10, g11, g12 | ordinary goods |
| last | t9 | steady state |
| nocapcon | UU, JJ, AA, EE, OO, DD, LL, BB, PP | |
| notAnnexB | CC, DD, LL, PP | Non Annex B countries |
| noteuro | UU, JJ, AA, OO, CC, DD, LL, BB, PP | |
| notLL | UU, JJ, AA, EE, OO, CC, DD, BB, PP | used in CURR equation |
| notUS | JJ, AA, EE, OO, CC, DD, LL, BB, PP | used with REXC equation |
| oecd | UU, JJ, AA, EE, OO | OECD countries |
| orig | UU, JJ, AA, EE, OO, CC, DD, LL, BB, PP | alias for regions |
| owner | UU, JJ, AA, EE, OO, CC, DD, LL, BB, PP | owner of assets ASSE |
| regions | UU, JJ, AA, EE, OO, CC, DD, LL, BB, PP | countries and regions |
| sec_ed | a01 | |
| sec_std | a02, a03, a04, a05, a06, a07, a08, a09, a10, a11, a12, a13, a14, a15, a16, a17, a18, a19, a20 | |
| sectors | a01, a02, a03, a04, a05, a06, a07, a08, a09, a10, a11, a12, a13, a14, a15, a16, a17, a18, a19, a20 | sectors other than Y, Z |
| time | t0, t1, t2, t3, t4, t5, t6, t7, t8, t9 | tablo time periods |
| varfac | L, E, M | variable factors |
VARIABLE DEFINITIONS
| Name | Domain | Description |
|---|---|---|
| ABUY | owner | new purchases of foreign assets |
| ASSE | currency, owner | assets in each currency, including own |
| ASSU | regions | assets held by region, in US$ |
| BCOL | regions | Quads from coal |
| BCT | goods_o, dest, orig | unit border tax adjustment |
| BGAS | regions | Quads from gas |
| BOIL | regions | Quads from oil |
| BOND | regions | bonds |
| CAP | sec_std, regions | capital stock |
| CAPY | regions | capital stock |
| CAPZ | regions | capital stock |
| CNPE | regions | HH demand for E |
| CNPK | regions | HH cap services |
| CNPL | regions | HH demand for L |
| CNPO | regions | HH demand for M |
| CO2RATE | goods_g, regions | actual co2 per GWh |
| CO2TAR | regions | target co2 per GWh |
| CON | goods_o, regions | HH demand for goods |
| CONP | regions | national accounts C |
| CSHR | regions | Share of clean elec |
| CURN | regions | current account, dom currency, using INAS |
| CURR | regions | current account, US$, using IRAS |
| DEFI | regions | fiscal deficit, using INTR |
| DEFN | regions | fiscal deficit, using INTN |
| DEFX | regions | fiscal deficit, using INTR (exog) |
| ECOL | regions | CO2 emissions from coal |
| EDRC | regions | Excess dem for rate credits |
| EGAS | regions | CO2 emissions from gas |
| ELE | goods_g, regions | demand for G goods |
| EMCO | regions | CO2 emissions |
| Name | Domain | Description |
|---|---|---|
| EMCOW | CO2 emissions, global | |
| EMCOZ | CO2 emissions, Annex B | |
| EMIS | regions | carbon emissions |
| EMISW | carbon emissions, global | |
| EMISZ | carbon emissions, Annex B | |
| EMISZX | carbon emissions, Annex B | |
| EMIT | regions | carbon emissions |
| EMIX | regions | carbon emissions, exogenous |
| EMZT | regions | carbon emissions |
| EN | sec_std, goods_e, regions | sector demand for E goods |
| ENER | regions | energy consumption |
| ENERW | energy consumption, global | |
| ENERZ | energy consumption, Annex B | |
| ENT | sec_std, regions | sector demand for E |
| EOIL | regions | CO2 emissions from oil |
| EPRC | regions | expected PRCT inflation rate |
| EXCH | regions | exch rate as US$ per unit of region currency |
| EXCL | regions | exch rate as US$ per unit of region currency - lagged |
| EXCR | regions | country risk premium relative to US |
| EXCX | regions | exch rate target |
| EXQ | goods_o, regions | exports, EXP.xx |
| EXQT | regions | value of exports at source |
| EYGR | regions | expected output growth |
| GCE | goods_o, regions | government purchases of goods&serv |
| GCET | regions | national accounts G except gov labor |
| GCOL | regions | GWH from coal |
| GDPN | regions | GDP, nominal |
| GDPR | regions | GDP, real |
| GENCO2 | fgen, regions | mmt co2 from gen |
| GENRATE | regions | lbs co2 per MWh |
| Name | Domain | Description |
|---|---|---|
| GGAS | regions | GWH from gas |
| GHYDRO | regions | GWH from hyrdo |
| GNPR | regions | GNP, GDPR plus PBAL and interest |
| GNUC | regions | GWH from nuclear |
| GOIL | regions | GWH from oil |
| GOTHER | regions | GWH from other |
| GOVL | regions | labor used by gov |
| GOVS | regions | total gov spending |
| GOVT | regions | national accounts G including labor |
| GSOLAR | regions | GWH from solar |
| GWHA | regions | Total GWh of generation |
| GWHC | regions | Clean GWh of generation |
| GWIND | regions | GWH from wind |
| IIN | goods_o, regions | R demand for goods |
| IITE | regions | R demand for E |
| IITL | regions | R demand for L |
| IITO | regions | R demand for M |
| IMP | goods_o, dest, orig | individual imports, IMP.xy |
| IMPX | goods_o, dest, orig | individual imports shift |
| IMQ | goods_o, regions | DF imports by good, IMQ.xx |
| IMQT | regions | value of imports at dest |
| INAS | regions | net int pmts on for assets using INTN (USD) |
| INCM | regions | after tax household income |
| INFL | regions | inflation rate in PRCT |
| INFP | regions | inflation rate in PRID |
| INFX | regions | inflation target |
| INPL | regions | desired interest rate, short-run, (lagged) |
| INPN | regions | desired interest rate, short-run, nominal |
| INS | regions, goods_o | agg I demand shocks |
| INTF | regions | risk free interest rate, short-run, real |
| Name | Domain | Description |
|---|---|---|
| INTL | regions | interest rate, short-run, nominal (lagged) |
| INTN | regions | interest rate, short (policy), nominal |
| INTR | regions | risk adjusted interest rate, short-run, real |
| INTX | regions | interest rate target |
| INV | sec_std, regions | raw investment |
| INVT | regions | total cap goods demanded |
| INVY | regions | raw investment |
| INVZ | regions | raw investment |
| IRAS | regions | net int pmts on for assets using INTR (USD) |
| JNV | sec_std, regions | installed investment |
| JNVY | regions | installed investment |
| JNVZ | regions | installed investment |
| LAB | sec_std, regions | sector demand for L |
| LABO | regions | total labor demanded |
| LABX | regions | total labor supply |
| LAM | sec_std, regions | costate var lambda |
| LAMY | regions | costate var lambda |
| LAMZ | regions | costate var lambda |
| LGDPN | regions | GDP, nominal |
| LGDPP | regions | GDP, PPP |
| LGDPR | regions | GDP, real |
| LGYL | regions | ln of output (lagged) |
| LGYX | regions | ln of output target |
| LOGY | regions | ln of output |
| MONE | regions | money demanded IN LOGS |
| MONL | regions | money demanded as %GDP |
| MONX | regions | money target IN LOGS |
| NB02 | regions | interest rate, 2-year, nominal |
| NB05 | regions | interest rate, 5-year, nominal |
| NB10 | regions | interest rate, 10-year, nominal |
| Name | Domain | Description |
|---|---|---|
| NEER | regions | trade-weighted exch rate, FC/domestic |
| NGRO | regions | nominal output growth |
| OI | sec_std, goods_m, regions | sector demand for M goods |
| OIN | sec_std, regions | sector demand for M |
| OUG | goods, regions | domestic supply of goods |
| OUP | sectors, regions | domestic production |
| OUTP | regions | agg output Q index to match PRID |
| OUY | goods, regions | composite supply |
| PBAG | regions | value of permits sold through govt USD |
| PBAL | regions | value of permits sold, USD |
| PCEC | regions | Price of a CEC |
| PED | regions | Price of GWh before CECs |
| PGDP | regions | GDP, implicit price deflator GDPN/GDPR |
| PIM | goods_o, dest, orig | landed price of IMP |
| PMQ | goods_o, regions | landed price index for IMQ |
| PMR | goods_o, regions | price of imports incl tariffs |
| POI | sec_std, regions | sector price of M |
| PRCE | regions | HH price of E |
| PRCL | regions | aggregate price of consumer goods lag |
| PRCO | regions | HH price of M |
| PRCT | regions | aggregate price of consumer goods |
| PRD | goods, regions | posttax price of goods |
| PRDL | regions | weighted price of domestic output lag |
| PRDX | regions | weighted price of domestic output |
| PRE | sec_std, regions | sector price of E |
| PRF | sec_std, regions | short run profits |
| PRFT | regions | Total economywide profits |
| PRFY | regions | profits on R capital |
| PRFZ | regions | imputed short run profits on HH cap |
| PRGT | regions | aggregate price of government goods |
| Name | Domain | Description |
|---|---|---|
| PRID | regions | weighted price of domestic output |
| PRIE | regions | R price of E |
| PRII | regions | prod price of inv goods |
| PRIM | regions | weighted price of imports |
| PRIX | regions | weighted price of exports |
| PRK | sec_std, regions | implicit rental price |
| PRKY | regions | implicit rental price |
| PRKZ | regions | implicit rental price |
| PROI | regions | R price of M |
| PRP | sectors, regions | pre-tax producer price |
| PRS | goods, regions | producer price of composite |
| PRT | sec_std, goods_e, regions | sector-specific input price |
| PRX | goods_o, regions | price of exports at source |
| PRXX | regions | price of consumer goods expected shock |
| PRY | goods, regions | purchase price of composite |
| RATEFEE | goods_g, regions | Rate fee per model unit |
| RB10 | regions | interest rate, 10-year, real |
| REER | regions | trade-weighted real exch rate, FC/domestic |
| REXB | capcon | real exchange rate with capital controls |
| REXC | regions | real exch rate as US$ per unit of regions currency |
| REXL | capcon | real exchange rate with capital controls (lag) |
| REXN | regions | real exchange rate with capital controls |
| RISE | sec_std, regions | equity risk premium by sector by region |
| RISH | regions | risk premium shock for human wealth |
| RISR | regions | risk premium in the yield curve |
| RISW | regions | risk premium for human wealth |
| RISY | regions | risk premium for R capital |
| RISZ | regions | risk premium for HH capital |
| ROGY | regions | potential output growth |
| RVGS | regions | unit tax revenue |
| Name | Domain | Description |
|---|---|---|
| SAVI | regions | domestic saving, real |
| SAVN | regions | domestic saving, nominal |
| SAVT | regions | domestic non-governmen saving, nominal |
| SHEF | sec_std, regions | aeei shock |
| SHEFC | regions | aeei shock - consumption |
| SHK | sec_std, regions | capital efficiency shock |
| SHKC | regions | agg con shock |
| SHKI | regions, sec_std | shock in inv equation |
| SHKM | regions | shock to money demand |
| SHL | regions, sec_std | labor shock |
| SHLY | regions | labor shock, R |
| SHLZ | regions | labor shock, HH |
| SHY | sectors, regions | tfp shock |
| SHYY | regions | tfp shock, R |
| SHYZ | regions | tfp shock, HH |
| STM | sec_std, regions | stock market value |
| STMT | regions | Total stock market value |
| TAX | goods, regions | sales tax on composite |
| TAXC | regions | revenue from sales & corp taxes |
| TAXE | regions | revenue from externality taxes |
| TAXH | regions | revenue from taxes on wages |
| TAXL | regions | revenue for bond interest plus TAXS |
| TAXM | regions | tariff revenue |
| TAXS | regions | exogenous lump sum tax |
| TAXT | regions | total revenue |
| TAXX | regions | extern tax revenue |
| TBAL | regions | trade surplus, domestic currency |
| TBAU | regions | trade surplus, USD |
| TBFD | regions | unit tax on energy |
| TBFI | regions | unit tax on energy, imports |
| Name | Domain | Description |
|---|---|---|
| TBFX | regions | unit tax on energy, exports |
| TCAW | unit tax on carbon | |
| TCAX | regions | unit tax on carbon - real |
| TCOR | regions | tax rate on corporate profits |
| TCP | goods, regions | nonlinear unit tax shock for carbon |
| TEX | goods, regions | extern tax on composite |
| TIF | goods_o, dest | fta tariff rates |
| TIM | goods_o, dest, orig | multilateral tariff rates |
| TINC | regions | tax rate on labor income |
| TITC | sec_std, regions | rate of ITC |
| TITCH | regions | rate of ITC for households |
| TIX | goods_o, dest | multilateral iceberg costs |
| TOB | sec_std, regions | marginal q, TOB.NC |
| TOBY | regions | marginal q, TOB.NC |
| TOBZ | regions | marginal q, TOB.NC |
| TPA | sec_std, regions | partial adjustment q |
| TPAY | regions | partial adjustment q |
| TPAZ | regions | partial adjustment q |
| TRAN | regions | total transfers |
| TRANX | regions | exogenous transfers |
| TXGS | sec_std, goods_e, regions | unit tax on goods to sectors |
| TXM | goods_o, dest | tariff revenue by good |
| WAG | sec_std, regions | sector wage |
| WAGE | regions | wage rate |
| WAGG | regions | government wage |
| WELH | regions | human wealth |
| WELT | regions | total wealth |
| YGRO | regions | real output growth |
| YRATN | regions | GDP ratio, nominal |
| YRATP | regions | GDP ratio, PPP |
| Name | Domain | Description |
|---|---|---|
| YRATR | regions | GDP ratio, real |
| Name | Domain | Description |
|---|---|---|
| adapt | regions | rate of closure TOB-TPA gap |
| aeye | currency, owner | identity matrix |
| ainv | owner, abroad | inverse of I-ashr |
| alph_rex | regions | weight on shadow real exchange rate in CA intervention |
| ashr | currency, owner | asset split among currencies |
| base_jk | sec_std, regions | base J/K |
| btucoef | goods, regions | emissions coefficients, energy |
| carcoef | goods, regions | emissions coefficients, carbon |
| cd_df | goods_o, regions | 1 if cd, 0 if ces |
| cd_e | sectors, regions | 1 if cd, 0 if ces |
| cd_ed | regions | 1 if cd, 0 if ces |
| cd_eH | regions | 1 if cd, 0 if ces |
| cd_eR | regions | 1 if cd, 0 if ces |
| cd_ff | goods_o, dest | 1 if cd, 0 if ces |
| cd_m | sectors, regions | 1 if cd, 0 if ces |
| cd_mH | regions | 1 if cd, 0 if ces |
| cd_mR | regions | 1 if cd, 0 if ces |
| cd_o | sectors, regions | 1 if cd, 0 if ces |
| cd_oH | regions | 1 if cd, 0 if ces |
| cd_oR | regions | 1 if cd, 0 if ces |
| credfac | goods, regions | per GWh eligibility for REC |
| delta | regions | depreciation rate |
| delta_dom | goods_o, regions | domestic weight in DF |
| delta_e | regions, sec_std, goods_e | input weights, individ goods |
| delta_ed | regions, goods_g | input weights, individ goods |
| delta_eG | goods_e, regions | gov budget shares on E goods |
| delta_eH | goods_e, regions | input weights, individ goods |
| delta_eR | goods_e, regions | input weights, individ goods |
| delta_ff | goods_o, dest, orig | foreign source weights in FF |
| delta_m | regions, sec_std, goods_m | input weights, individ goods |
| Name | Domain | Description |
|---|---|---|
| delta_mG | goods_m, regions | gov budget shares on M goods |
| delta_mH | goods_m, regions | input weights, individ goods |
| delta_mR | goods_m, regions | input weights, individ goods |
| delta_o | factors, sec_std, regions | input weights, KLEM tier |
| delta_oG | factors, regions | gov KLEM budget shares |
| delta_oH | factors, regions | input weights, KLEM tier |
| delta_oR | factors, regions | input weights, KLEM tier |
| eer_weight | dest, orig | trade weights, NEER and REER |
| eurowt | regions | weight on countries in Eurozone |
| fore_c | regions | shr of C driven by foresight |
| fore_i_y | regions | shr of I driven by foresight in capital sector |
| fore_i_z | regions | shr of I driven by foresight in household capital |
| forei | sec_std, regions | shr of I driven by foresight std sector |
| FTA | dest, orig | free trade area tariff flag |
| gwhcoef | goods, regions | GWh per unit of output |
| int_elast | regions | interest elast of money demand |
| labgrow | regions | growth of effective labor |
| makeinv | goods, sectors, regions | inverse of make table |
| mongdp | regions | coefficient on MONE in WELT |
| mpc | regions | marginal propensity to consume |
| mrule_ex | regions | weight on exchange rate in M rule |
| mrule_in | regions | weight on inflation in M rule |
| mrule_m | regions | weight on money in M rule |
| mrule_ny | regions | weight on nominal income in M rule |
| mrule_r | regions | weight on lag interest rate in M rule |
| mrule_y | regions | weight on output in M rule |
| MUL | dest, orig | multilateral tariff flag |
| phi | sec_std, regions | adjustment cost parameter std sector |
| phi_y | regions | adjustment cost parameter capital sector |
| phi_z | regions | adjustment cost parameter household capital |