Model variables ================= This section summarizes variables output from the model in a format that is easy to search and print. The model variables are grouped together in common categories and are available in both the dictionaries of steady-state and transition-path output, unless noted otherwise in these docs. ## Economic Aggregates #### `Y` _Description:_ Aggregate output, GDP _TPI dimensions:_ T _SS dimensions:_ scalar #### `B` _Description:_ Aggregate household savings _TPI dimensions:_ T _SS dimensions:_ scalar #### `K` _Description:_ Aggregate capital stock _TPI dimensions:_ T _SS dimensions:_ scalar #### `K_f` _Description:_ Aggregate capital stock owned by foreign investors _TPI dimensions:_ T _SS dimensions:_ scalar #### `K_d` _Description:_ Aggregate capital stock owned by domestic investors _TPI dimensions:_ T _SS dimensions:_ scalar #### `L` _Description:_ Aggregate labor _TPI dimensions:_ T _SS dimensions:_ scalar #### `C` _Description:_ Aggregate consumption _TPI dimensions:_ T _SS dimensions:_ scalar #### `I` _Description:_ Aggregate investment _TPI dimensions:_ T _SS dimensions:_ scalar #### `I_total` _Description:_ Aggregate investment, not account for immigrant investment _TPI dimensions:_ T _SS dimensions:_ scalar #### `I_d` _Description:_ Aggregate investment for domestic sources _TPI dimensions:_ T _SS dimensions:_ scalar #### `K_g` _Description:_ Aggregate stock of infrastructure _TPI dimensions:_ T _SS dimensions:_ scalar #### `I_g` _Description:_ Aggregate investment in infrastructure _TPI dimensions:_ T _SS dimensions:_ scalar #### `BQ` _Description:_ Aggregate bequests _TPI dimensions:_ TxJ or T (if use_zeta=True) _SS dimensions:_ J or scalar if use_zeta=True) #### `RM` _Description:_ Aggregate remittances _TPI dimensions:_ T _SS dimensions:_ scalar ## Production Sector/Consumption Good Aggregates #### `Y_m` _Description:_ Total output by industry _TPI dimensions:_ TxM _SS dimensions:_ M #### `K_m` _Description:_ Total capital stock by industry _TPI dimensions:_ TxM _SS dimensions:_ M #### `L_m` _Description:_ Total labor by industry _TPI dimensions:_ TxM _SS dimensions:_ M #### `C_i` _Description:_ Total consumption by consumption good _TPI dimensions:_ TxI _SS dimensions:_ I ## Government Revenues, Outlays, and Debt #### `TR` _Description:_ Aggregate government, non-pension transfer spending _TPI dimensions:_ T _SS dimensions:_ scalar #### `agg_pension_outlays` _Description:_ Aggregate government pension outlays _TPI dimensions:_ T _SS dimensions:_ scalar #### `G` _Description:_ Aggregate government consumption expenditures _TPI dimensions:_ T _SS dimensions:_ scalar #### `UBI` _Description:_ Aggregate universal basic income outlays _TPI dimensions:_ T _SS dimensions:_ scalar #### `total_tax_revenue` _Description:_ Total tax revenue _TPI dimensions:_ T _SS dimensions:_ scalar #### `business_tax_revenue` _Description:_ Total corporate income tax revenue _TPI dimensions:_ T _SS dimensions:_ scalar #### `iit_payroll_tax_revenue` _Description:_ Total tax revenue from personal income and payroll taxes _TPI dimensions:_ T _SS dimensions:_ scalar #### `iit_tax_revenue` _Description:_ Total tax revenue from personal income taxes _TPI dimensions:_ T _SS dimensions:_ scalar #### `payroll_tax_revenue` _Description:_ Total tax revenue from payroll taxes (i.e., social security contributions) _TPI dimensions:_ T _SS dimensions:_ scalar #### `bequest_tax_revenue` _Description:_ Total tax revenue from taxes on bequests _TPI dimensions:_ T _SS dimensions:_ scalar #### `wealth_tax_revenue` _Description:_ Total tax revenue from wealth taxes _TPI dimensions:_ T _SS dimensions:_ scalar #### `cons_tax_revenue` _Description:_ Total tax revenue from consumption taxes _TPI dimensions:_ T _SS dimensions:_ scalar #### `D` _Description:_ Total government debt _TPI dimensions:_ T _SS dimensions:_ scalar #### `D_f` _Description:_ Total government debt held by foreign investors _TPI dimensions:_ T _SS dimensions:_ scalar #### `D_d` _Description:_ Total government debt held by domestic investors _TPI dimensions:_ T _SS dimensions:_ scalar #### `new_borrowing` _Description:_ New government borrowing, equal to budget deficit _TPI dimensions:_ T _SS dimensions:_ scalar #### `debt_service` _Description:_ Total interest payments on government debt _TPI dimensions:_ T _SS dimensions:_ scalar #### `new_borrowing_f` _Description:_ New government borrowing from foreign investors _TPI dimensions:_ T _SS dimensions:_ scalar #### `debt_service_f` _Description:_ Government debt interest payments made to foreign investors _TPI dimensions:_ T _SS dimensions:_ scalar ## Prices #### `r` _Description:_ Real rate of return on private capital per model period. _TPI dimensions:_ T _SS dimensions:_ scalar #### `r_gov` _Description:_ Real rate of return on government debt per model period. _TPI dimensions:_ T _SS dimensions:_ scalar #### `r_p` _Description:_ Real rate of return on household investment portfolio per model period. _TPI dimensions:_ T _SS dimensions:_ scalar #### `w` _Description:_ Wage rate per effective labor hour _TPI dimensions:_ T _SS dimensions:_ scalar #### `p_m` _Description:_ Price of output in each industry. Normalized so that price of industry M output is 1 ($p_{m,t}=1$) _TPI dimensions:_ TxM _SS dimensions:_ M #### `p_i` _Description:_ Price of output in each industry _TPI dimensions:_ TxI _SS dimensions:_ I #### `p_tilde` _Description:_ Price of composite output good _TPI dimensions:_ T _SS dimensions:_ scalar ## Household Variables #### `b_sp1` _Description:_ Household savings _TPI dimensions:_ TxSxJ _SS dimensions:_ SxJ #### `b_s` _Description:_ Household wealth (equal to savings from last period) _TPI dimensions:_ TxSxJ _SS dimensions:_ SxJ #### `n` _Description:_ Household labor supply _TPI dimensions:_ TxSxJ _SS dimensions:_ SxJ #### `c` _Description:_ Household consumption of composite good _TPI dimensions:_ TxSxJ _SS dimensions:_ SxJ #### `c_i` _Description:_ Household consumption of differentiated consumption goods _TPI dimensions:_ TxSxJxI _SS dimensions:_ SxJxI #### `bq` _Description:_ Household bequest received _TPI dimensions:_ TxSxJ _SS dimensions:_ SxJ #### `rm` _Description:_ Household remittances received _TPI dimensions:_ TxSxJ _SS dimensions:_ SxJ #### `tr` _Description:_ Government transfers received by households _TPI dimensions:_ TxSxJ _SS dimensions:_ SxJ #### `ubi` _Description:_ Universal basic income received by households _TPI dimensions:_ TxSxJ _SS dimensions:_ SxJ #### `before_tax_income` _Description:_ Household before tax income _TPI dimensions:_ TxSxJ _SS dimensions:_ SxJ #### `hh_taxes` _Description:_ Net taxes paid by households (taxes - transfers) _TPI dimensions:_ TxSxJ _SS dimensions:_ SxJ #### `etr` _Description:_ Effective tax rate, income and payroll taxes _TPI dimensions:_ TxSxJ _SS dimensions:_ SxJ #### `mtrx` _Description:_ Marginal tax rate on labor income _TPI dimensions:_ TxSxJ _SS dimensions:_ SxJ #### `mtry` _Description:_ Marginal tax rate on capital income _TPI dimensions:_ TxSxJ _SS dimensions:_ SxJ #### `theta` _Description:_ Replacement rate for US-style social security pension system. Steady-state only. _TPI dimensions:_ _SS dimensions:_ J ## Model Scaling and Fit #### `factor` _Description:_ Factor adjustment to convert from model units to local currency units to match mean income in local currency units. Steady-state only. _TPI dimensions:_ _SS dimensions:_ scalar #### `euler_savings` _Description:_ Errors in household FOC for choice of savings _TPI dimensions:_ TxSxJ _SS dimensions:_ SxJ #### `euler_laborleisure` _Description:_ Errors in household FOC for choice of labor _TPI dimensions:_ TxSxJ _SS dimensions:_ SxJ #### `resource_constraint_error` _Description:_ Errors in resource constraint _TPI dimensions:_ T _SS dimensions:_ scalar