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VARIABLE
DEFINITIONS

EQUATIONS

PARAMETER DEFINITIONS

PARAMETER VALUES

COUNTRY & SECTORAL CODES

SECTORAL MAPPING

 


SET DOMAINS  

NameElementsDescription
abroadUU, JJ, GG, KK, FF, II, EE, NN, AA, OO, XX, TT, CC, DD, WW, VV, MM, QQ, BB, RR, SS, HH, LL, PPused in asset calculations
capconCC 
currencyUU, JJ, GG, KK, FF, II, EE, NN, AA, OO, XX, TT, CC, DD, WW, VV, MM, QQ, BB, RR, SS, HH, LL, PPcurrency of assets
destUU, JJ, GG, KK, FF, II, EE, NN, AA, OO, XX, TT, CC, DD, WW, VV, MM, QQ, BB, RR, SS, HH, LL, PPalias for regions
domforD, Fdomestic vs foreign
euroGG, FF, II, EEEURO countries
factorsK, L, E, Mtop tier factors of production
goodsg01, g02, g03, g04, g05, g06ordinary products
goods_eg01energy goods
goods_mg02, g03, g04, g05, g06materials
goods_og01, g02, g03, g04, g05, g06goods with standard treatment
lastt9steady state
nocapconUU, JJ, GG, KK, FF, II, EE, NN, AA, OO, XX, TT, DD, WW, VV, MM, QQ, BB, RR, SS, HH, LL, PP 
noteuroUU, JJ, KK, NN, AA, OO, XX, TT, CC, DD, WW, VV, MM, QQ, BB, RR, SS, HH, LL, PP 
notLLUU, JJ, GG, KK, FF, II, EE, NN, AA, OO, XX, TT, CC, DD, WW, VV, MM, QQ, BB, RR, SS, HH, PPused in CURR equation
notUSJJ, GG, KK, FF, II, EE, NN, AA, OO, XX, TT, CC, DD, WW, VV, MM, QQ, BB, RR, SS, HH, LL, PPused with REXC equation
oecdUU, JJ, GG, KK, FF, II, EE, NN, AA, OOOECD countries
origUU, JJ, GG, KK, FF, II, EE, NN, AA, OO, XX, TT, CC, DD, WW, VV, MM, QQ, BB, RR, SS, HH, LL, PPalias for regions
ownerUU, JJ, GG, KK, FF, II, EE, NN, AA, OO, XX, TT, CC, DD, WW, VV, MM, QQ, BB, RR, SS, HH, LL, PPowner of assets ASSE
regionsUU, JJ, GG, KK, FF, II, EE, NN, AA, OO, XX, TT, CC, DD, WW, VV, MM, QQ, BB, RR, SS, HH, LL, PPcountries and regions
sec_stda01, a02, a03, a04, a05, a06sectors with standard treatment
sectorsa01, a02, a03, a04, a05, a06ordinary sectors
timet0, t1, t2, t3, t4, t5, t6, t7, t8, t9tablo time periods
varfacL, E, Mvariable factors

 


VARIABLE DEFINITIONS  

see the file VARS.CSV located in the Model's BUILD directory for the live version

 

 

Variables:
NameDomainDescription
ABUYownernew purchases of foreign assets
ASSEcurrency, ownerassets in each currency, including own
ASSUregionsassets held by region, in US$
BCOLregionsQuads from coal
BCTgoods_o, dest, origunit border tax adjustment
BGASregionsQuads from gas
BOILregionsQuads from oil
BONDregionsbonds
CAPsec_std, regionscapital stock
CAPYregionscapital stock
CAPZregionscapital stock
CNPEregionsHH demand for E
CNPKregionsHH cap services
CNPLregionsHH demand for L
CNPOregionsHH demand for M
CO2RATEgoods_g, regionsactual co2 per GWh
CO2TARregionstarget co2 per GWh
CONgoods_o, regionsHH demand for goods
CONPregionsnational accounts C
CSHRregionsShare of clean elec
CURNregionscurrent account, dom currency, using INAS
CURRregionscurrent account, US$, using IRAS
DEFIregionsfiscal deficit, using INTR
DEFNregionsfiscal deficit, using INTN
DEFXregionsfiscal deficit, using INTR (exog)
ECOLregionsCO2 emissions from coal
EDRCregionsExcess dem for rate credits
EGASregionsCO2 emissions from gas
ELEgoods_g, regionsdemand for G goods
EMCOregionsCO2 emissions
Variables, continued:
NameDomainDescription
EMCOW CO2 emissions, global
EMCOZ CO2 emissions, Annex B
EMISregionscarbon emissions
EMISW carbon emissions, global
EMISZ carbon emissions, Annex B
EMISZX carbon emissions, Annex B
EMITregionscarbon emissions
EMIXregionscarbon emissions, exogenous
EMZTregionscarbon emissions
ENsec_std, goods_e, regionssector demand for E goods
ENERregionsenergy consumption
ENERW energy consumption, global
ENERZ energy consumption, Annex B
ENTsec_std, regionssector demand for E
EOILregionsCO2 emissions from oil
EPRCregionsexpected PRCT inflation rate
EXCHregionsexch rate as US$ per unit of region currency
EXCLregionsexch rate as US$ per unit of region currency - lagged
EXCRregionscountry risk premium relative to US
EXCXregionsexch rate target
EXQgoods_o, regionsexports, EXP.xx
EXQTregionsvalue of exports at source
EYGRregionsexpected output growth
GCEgoods_o, regionsgovernment purchases of goods&serv
GCETregionsnational accounts G except gov labor
GCOLregionsGWH from coal
GDPNregionsGDP, nominal
GDPRregionsGDP, real
GENCO2fgen, regionsmmt co2 from gen
GENRATEregionslbs co2 per MWh
Variables, continued:
NameDomainDescription
GGASregionsGWH from gas
GHYDROregionsGWH from hyrdo
GNPRregionsGNP, GDPR plus PBAL and interest
GNUCregionsGWH from nuclear
GOILregionsGWH from oil
GOTHERregionsGWH from other
GOVLregionslabor used by gov
GOVSregionstotal gov spending
GOVTregionsnational accounts G including labor
GSOLARregionsGWH from solar
GWHAregionsTotal GWh of generation
GWHCregionsClean GWh of generation
GWINDregionsGWH from wind
IINgoods_o, regionsR demand for goods
IITEregionsR demand for E
IITLregionsR demand for L
IITOregionsR demand for M
IMPgoods_o, dest, origindividual imports, IMP.xy
IMPXgoods_o, dest, origindividual imports shift
IMQgoods_o, regionsDF imports by good, IMQ.xx
IMQTregionsvalue of imports at dest
INASregionsnet int pmts on for assets using INTN (USD)
INCMregionsafter tax household income
INFLregionsinflation rate in PRCT
INFPregionsinflation rate in PRID
INFXregionsinflation target
INPLregionsdesired interest rate, short-run, (lagged)
INPNregionsdesired interest rate, short-run, nominal
INSregions, goods_oagg I demand shocks
INTFregionsrisk free interest rate, short-run, real
Variables, continued:
NameDomainDescription
INTLregionsinterest rate, short-run, nominal (lagged)
INTNregionsinterest rate, short (policy), nominal
INTRregionsrisk adjusted interest rate, short-run, real
INTXregionsinterest rate target
INVsec_std, regionsraw investment
INVTregionstotal cap goods demanded
INVYregionsraw investment
INVZregionsraw investment
IRASregionsnet int pmts on for assets using INTR (USD)
JNVsec_std, regionsinstalled investment
JNVYregionsinstalled investment
JNVZregionsinstalled investment
LABsec_std, regionssector demand for L
LABOregionstotal labor demanded
LABXregionstotal labor supply
LAMsec_std, regionscostate var lambda
LAMYregionscostate var lambda
LAMZregionscostate var lambda
LGDPNregionsGDP, nominal
LGDPPregionsGDP, PPP
LGDPRregionsGDP, real
LGYLregionsln of output (lagged)
LGYXregionsln of output target
LOGYregionsln of output
MONEregionsmoney demanded IN LOGS
MONLregionsmoney demanded as %GDP
MONXregionsmoney target IN LOGS
NB02regionsinterest rate, 2-year, nominal
NB05regionsinterest rate, 5-year, nominal
NB10regionsinterest rate, 10-year, nominal
Variables, continued:
NameDomainDescription
NEERregionstrade-weighted exch rate, FC/domestic
NGROregionsnominal output growth
OIsec_std, goods_m, regionssector demand for M goods
OINsec_std, regionssector demand for M
OUGgoods, regionsdomestic supply of goods
OUPsectors, regionsdomestic production
OUTPregionsagg output Q index to match PRID
OUYgoods, regionscomposite supply
PBAGregionsvalue of permits sold through govt USD
PBALregionsvalue of permits sold, USD
PCECregionsPrice of a CEC
PEDregionsPrice of GWh before CECs
PGDPregionsGDP, implicit price deflator GDPN/GDPR
PIMgoods_o, dest, origlanded price of IMP
PMQgoods_o, regionslanded price index for IMQ
PMRgoods_o, regionsprice of imports incl tariffs
POIsec_std, regionssector price of M
PRCEregionsHH price of E
PRCLregionsaggregate price of consumer goods lag
PRCOregionsHH price of M
PRCTregionsaggregate price of consumer goods
PRDgoods, regionsposttax price of goods
PRDLregionsweighted price of domestic output lag
PRDXregionsweighted price of domestic output
PREsec_std, regionssector price of E
PRFsec_std, regionsshort run profits
PRFTregionsTotal economywide profits
PRFYregionsprofits on R capital
PRFZregionsimputed short run profits on HH cap
PRGTregionsaggregate price of government goods
Variables, continued:
NameDomainDescription
PRIDregionsweighted price of domestic output
PRIEregionsR price of E
PRIIregionsprod price of inv goods
PRIMregionsweighted price of imports
PRIXregionsweighted price of exports
PRKsec_std, regionsimplicit rental price
PRKYregionsimplicit rental price
PRKZregionsimplicit rental price
PROIregionsR price of M
PRPsectors, regionspre-tax producer price
PRSgoods, regionsproducer price of composite
PRTsec_std, goods_e, regionssector-specific input price
PRXgoods_o, regionsprice of exports at source
PRXXregionsprice of consumer goods expected shock
PRYgoods, regionspurchase price of composite
RATEFEEgoods_g, regionsRate fee per model unit
RB10regionsinterest rate, 10-year, real
REERregionstrade-weighted real exch rate, FC/domestic
REXBcapconreal exchange rate with capital controls
REXCregionsreal exch rate as US$ per unit of regions currency
REXLcapconreal exchange rate with capital controls (lag)
REXNregionsreal exchange rate with capital controls
RISEsec_std, regionsequity risk premium by sector by region
RISHregionsrisk premium shock for human wealth
RISRregionsrisk premium in the yield curve
RISWregionsrisk premium for human wealth
RISYregionsrisk premium for R capital
RISZregionsrisk premium for HH capital
ROGYregionspotential output growth
RVGSregionsunit tax revenue
Variables, continued:
NameDomainDescription
SAVIregionsdomestic saving, real
SAVNregionsdomestic saving, nominal
SAVTregionsdomestic non-governmen saving, nominal
SHEFsec_std, regionsaeei shock
SHEFCregionsaeei shock - consumption
SHKsec_std, regionscapital efficiency shock
SHKCregionsagg con shock
SHKIregions, sec_stdshock in inv equation
SHKMregionsshock to money demand
SHLregions, sec_stdlabor shock
SHLYregionslabor shock, R
SHLZregionslabor shock, HH
SHYsectors, regionstfp shock
SHYYregionstfp shock, R
SHYZregionstfp shock, HH
STMsec_std, regionsstock market value
STMTregionsTotal stock market value
TAXgoods, regionssales tax on composite
TAXCregionsrevenue from sales & corp taxes
TAXEregionsrevenue from externality taxes
TAXHregionsrevenue from taxes on wages
TAXLregionsrevenue for bond interest plus TAXS
TAXMregionstariff revenue
TAXSregionsexogenous lump sum tax
TAXTregionstotal revenue
TAXXregionsextern tax revenue
TBALregionstrade surplus, domestic currency
TBAUregionstrade surplus, USD
TBFDregionsunit tax on energy
TBFIregionsunit tax on energy, imports
Variables, continued:
NameDomainDescription
TBFXregionsunit tax on energy, exports
TCAW unit tax on carbon
TCAXregionsunit tax on carbon - real
TCORregionstax rate on corporate profits
TCPgoods, regionsnonlinear unit tax shock for carbon
TEXgoods, regionsextern tax on composite
TIFgoods_o, destfta tariff rates
TIMgoods_o, dest, origmultilateral tariff rates
TINCregionstax rate on labor income
TITCsec_std, regionsrate of ITC
TITCHregionsrate of ITC for households
TIXgoods_o, destmultilateral iceberg costs
TOBsec_std, regionsmarginal q, TOB.NC
TOBYregionsmarginal q, TOB.NC
TOBZregionsmarginal q, TOB.NC
TPAsec_std, regionspartial adjustment q
TPAYregionspartial adjustment q
TPAZregionspartial adjustment q
TRANregionstotal transfers
TRANXregionsexogenous transfers
TXGSsec_std, goods_e, regionsunit tax on goods to sectors
TXMgoods_o, desttariff revenue by good
WAGsec_std, regionssector wage
WAGEregionswage rate
WAGGregionsgovernment wage
WELHregionshuman wealth
WELTregionstotal wealth
YGROregionsreal output growth
YRATNregionsGDP ratio, nominal
YRATPregionsGDP ratio, PPP
Variables, continued:
NameDomainDescription
YRATRregionsGDP ratio, real
Parameters:
NameDomainDescription
adaptregionsrate of closure TOB-TPA gap
aeyecurrency, owneridentity matrix
ainvowner, abroadinverse of I-ashr
alph_rexregionsweight on shadow real exchange rate in CA intervention
ashrcurrency, ownerasset split among currencies
base_jksec_std, regionsbase J/K
btucoefgoods, regionsemissions coefficients, energy
carcoefgoods, regionsemissions coefficients, carbon
cd_dfgoods_o, regions1 if cd, 0 if ces
cd_esectors, regions1 if cd, 0 if ces
cd_edregions1 if cd, 0 if ces
cd_eHregions1 if cd, 0 if ces
cd_eRregions1 if cd, 0 if ces
cd_ffgoods_o, dest1 if cd, 0 if ces
cd_msectors, regions1 if cd, 0 if ces
cd_mHregions1 if cd, 0 if ces
cd_mRregions1 if cd, 0 if ces
cd_osectors, regions1 if cd, 0 if ces
cd_oHregions1 if cd, 0 if ces
cd_oRregions1 if cd, 0 if ces
credfacgoods, regionsper GWh eligibility for REC
deltaregionsdepreciation rate
delta_domgoods_o, regionsdomestic weight in DF
delta_eregions, sec_std, goods_einput weights, individ goods
delta_edregions, goods_ginput weights, individ goods
delta_eGgoods_e, regionsgov budget shares on E goods
delta_eHgoods_e, regionsinput weights, individ goods
delta_eRgoods_e, regionsinput weights, individ goods
delta_ffgoods_o, dest, origforeign source weights in FF
delta_mregions, sec_std, goods_minput weights, individ goods
Parameters, continued:
NameDomainDescription
delta_mGgoods_m, regionsgov budget shares on M goods
delta_mHgoods_m, regionsinput weights, individ goods
delta_mRgoods_m, regionsinput weights, individ goods
delta_ofactors, sec_std, regionsinput weights, KLEM tier
delta_oGfactors, regionsgov KLEM budget shares
delta_oHfactors, regionsinput weights, KLEM tier
delta_oRfactors, regionsinput weights, KLEM tier
eer_weightdest, origtrade weights, NEER and REER
eurowtregionsweight on countries in Eurozone
fore_cregionsshr of C driven by foresight
fore_i_yregionsshr of I driven by foresight in capital sector
fore_i_zregionsshr of I driven by foresight in household capital
foreisec_std, regionsshr of I driven by foresight std sector
FTAdest, origfree trade area tariff flag
gwhcoefgoods, regionsGWh per unit of output
int_elastregionsinterest elast of money demand
labgrowregionsgrowth of effective labor
makeinvgoods, sectors, regionsinverse of make table
mongdpregionscoefficient on MONE in WELT
mpcregionsmarginal propensity to consume
mrule_exregionsweight on exchange rate in M rule
mrule_inregionsweight on inflation in M rule
mrule_mregionsweight on money in M rule
mrule_nyregionsweight on nominal income in M rule
mrule_rregionsweight on lag interest rate in M rule
mrule_yregionsweight on output in M rule
MULdest, origmultilateral tariff flag
phisec_std, regionsadjustment cost parameter std sector
phi_yregionsadjustment cost parameter capital sector
phi_zregionsadjustment cost parameter household capital