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