| \(c^{K}\) |
Capital cost |
?@eq-03_1_eq_mdlc_K |
| \(c^{Y}\) |
Notional unit cost production cost |
?@eq-03_1_eq_mdlc_Y |
| \(CH\) |
Households final consumption |
?@eq-03_1_eq_mdlCH |
| \(CH^{e}\) |
Expected households final consumption growth |
?@eq-03_1_eq_mdlCH_e |
| \(CH^{n}\) |
Notional households consumption |
?@eq-03_1_eq_mdlCH_n |
| \(DEBT^{F}\) |
Firms’ bank debt |
?@eq-03_1_eq_mdlDEBT_F |
| \(DEBT^{G}\) |
Total Government’s debt |
?@eq-03_1_eq_mdlDEBT_G |
| \(DIV\) |
Dividend for households |
?@eq-03_1_eq_mdlDIV |
| \(DIV^{e}\) |
Expected dividend for households |
?@eq-03_1_eq_mdlDIV_e |
| \(DIV^{n}\) |
Notional dividend for households |
?@eq-03_1_eq_mdlDIV_n |
| \(I\) |
Investment |
?@eq-03_1_eq_mdlI |
| \(INC\) |
Households’ income |
?@eq-03_1_eq_mdlINC |
| \(K\) |
Capital stock |
?@eq-03_1_eq_mdlK |
| \(K^{n}\) |
Notional capital demand |
?@eq-03_1_eq_mdlK_n |
| \(L\) |
Labor |
?@eq-03_1_eq_mdlL |
| \(L^{e}\) |
Expected labor growth |
?@eq-03_1_eq_mdlL_e |
| \(L^{n}\) |
Notional labor demand |
?@eq-03_1_eq_mdlL_n |
| \(m^{up}\) |
Mark-up |
?@eq-03_1_eq_mdlm_up |
| \(m^{up,n}\) |
Notional mark-up |
?@eq-03_1_eq_mdlm_up_n |
| \(p\) |
Production price |
?@eq-03_1_eq_mdlp |
| \(p^{e}\) |
Expected production price inflation |
?@eq-03_1_eq_mdlp_e |
| \(p^{K}\) |
Average price of the accumulated capital stock |
?@eq-03_1_eq_mdlp_K |
| \(p^{n}\) |
Notional production price |
?@eq-03_1_eq_mdlp_n |
| \(PROF\) |
Profit of firms (before investment) |
?@eq-03_1_eq_mdlPROF |
| \(r\) |
Interest rate of the Central Bank |
?@eq-03_1_eq_mdlr |
| \(r^{DEBT,G}\) |
Average interest rate paid on the total Government’s debt |
?@eq-03_1_eq_mdlr_DEBT_G |
| \(r^{K}\) |
Average interest rate paid on the debt |
?@eq-03_1_eq_mdlr_K |
| \(r^{n}\) |
Notional interest rate of the Central Bank (Taylor reaction function) |
?@eq-03_1_eq_mdlr_n |
| \(SAV^{F}\) |
Firms’ savings |
?@eq-03_1_eq_mdlSAV_F |
| \(SAV^{G}\) |
Government’s savings |
?@eq-03_1_eq_mdlSAV_G |
| \(SAV^{H}\) |
Households’ savings |
?@eq-03_1_eq_mdlSAV_H |
| \(\sigma\) |
Propensity to save |
?@eq-03_1_eq_mdlsigma |
| \(\sigma^{n}\) |
Notional propensity to save equation |
?@eq-03_1_eq_mdlsigma_n |
| \(t^{inc}\) |
Income tax rate |
?@eq-03_1_eq_mdlt_inc |
| \(t^{inc,n}\) |
Notional income tax rate |
?@eq-03_1_eq_mdlt_inc_n |
| \(U\) |
Unemployment rate |
?@eq-03_1_eq_mdlU |
| \(w\) |
Wage |
?@eq-03_1_eq_mdlw |
| \(w^{n}\) |
Notional wage (WS or Phillips curve) |
?@eq-03_1_eq_mdlw_n |
| \(WEALTH\) |
Households’ total wealth |
?@eq-03_1_eq_mdlWEALTH |
| \(Y\) |
Production (GDP) |
?@eq-03_1_eq_mdlY |