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Country models: Canada
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Rest of the World, Developing Countries
Small Industrial Countries
United Kingdom
United States



The Rest of the World, Developing Countries Model

546: Consumption expenditure, including government (DC_CTOT)
DEL(1: LOG(DC_CTOT)) =
DC_C0 + DC_C1 * DEL(1: LOG(DC_GDP + DC_NFA(-1) * US_R / RW_ER / DC_P - DC_DELTA * DC_K(-1) + (DC_DEBT - DC_DEBT(-1)) / DC_P / RW_ER)) + DC_C2 * LOG((DC_GDP(-1) + DC_NFA(-2) * US_R(-1) / RW_ER(-1) / DC_P(-1) - DC_DELTA(-1) * DC_K(-2) + DEL(1: DC_DEBT(-1)) / DC_P(-1) / RW_ER(-1)) / DC_CTOT(-1)) + RES_DC_CTOT

546: Consumption expenditure, including government : Steady State Version (SS_DC_CTOT)
LOG(GREAL) =
DC_C0 + DC_C1 * LOG(GREAL) + DC_C2 * LOG((DC_GDP + DC_NFA / (US_INFL * GREAL) * US_R / RW_ER / DC_P - DC_DELTA * DC_K / GREAL + DC_DEBT * (1-1 / (GREAL * US_INFL)) / DC_P / RW_ER) / GREAL / (DC_CTOT / GREAL)) + RES_DC_CTOT

547: Real gross investment (DC_INVEST)
DC_INVEST =
DC_GDP - (DC_XM + DC_XCOM + DC_XOIL) - DC_CTOT + DC_IT

547: Real gross investment : Steady State Version (SS_DC_INVEST)
DC_INVEST =
DC_GDP - (DC_XM + DC_XCOM + DC_XOIL) - DC_CTOT + DC_IT

548: Real gross investment in commodity production (DC_INVESTC)
DC_INVESTC =
PCOM / RW_ER / DC_PXM * DC_KCOMSHR * DC_INVEST

548: Real gross investment in commodity production : Steady State Version (SS_DC_INVESTC)
DC_INVESTC =
PCOM / RW_ER / DC_PXM * DC_KCOMSHR * DC_INVEST

549: Capital stock in commodity production (DC_KC)
DC_KC =
DC_KC(-1) * (1 - DC_DELTA) + DC_INVESTC

549: Capital stock in commodity production : Steady State Version (SS_DC_KC)
DC_KC =
DC_KC * (1 - DC_DELTA) / GREAL + DC_INVESTC

550: No equation Description (DC_K)
DC_K =
DC_KC + DC_KM

550: No equation Description : Steady State Version (SS_DC_K)
DC_K =
DC_KC + DC_KM

551: Real gross investment in manufactured goods production (DC_INVESTM)
DC_INVESTM =
DC_INVEST - DC_INVESTC

551: Real gross investment in manufactured goods production : Steady State Version (SS_DC_INVESTM)
DC_INVESTM =
DC_INVEST - DC_INVESTC

552: Capital stock in manufactured goods production (DC_KM)
DC_KM =
DC_KM(-1) * (1 - DC_DELTA) + DC_INVESTM

552: Capital stock in manufactured goods production : Steady State Version (SS_DC_KM)
DC_KM =
DC_KM * (1 - DC_DELTA) / GREAL + DC_INVESTM

553: Export volume - manufactured goods (DC_XM)
DC_XM =
RW_XM - HO_XM

553: Export volume - manufactured goods : Steady State Version (SS_DC_XM)
DC_XM =
RW_XM - HO_XM

554: Export volume - manufactured goods, adjusted for world trade discrepancy (DC_XMA)
DC_XMA =
RW_XMA - HO_XM

554: Export volume - manufactured goods, adjusted for world trade discrepancy : Steady State Version (SS_DC_XMA)
DC_XMA =
RW_XMA - HO_XM

555: Export volume - commodities (DC_XCOM)
DC_XCOM =
RW_XCOM + HO_ICOM

555: Export volume - commodities : Steady State Version (SS_DC_XCOM)
DC_XCOM =
RW_XCOM + HO_ICOM

556: Export volume - oil (DC_XOIL)
DC_XOIL =
DC_XOILSHR * (RW_XOIL - DC_IOIL) + RES_DC_XOIL * GREAL**TME

556: Export volume - oil : Steady State Version (SS_DC_XOIL)
DC_XOIL =
DC_XOILSHR * (RW_XOIL - DC_IOIL) + RES_DC_XOIL * GREAL**TME

557: Total exports volume (DC_XT)
DC_XT =
DC_XCOM + DC_XOIL + DC_XMA

557: Total exports volume : Steady State Version (SS_DC_XT)
DC_XT =
DC_XCOM + DC_XOIL + DC_XMA

558: Import volume - oil (DC_IOIL)
DC_IOIL =
DC_OILSHR * DC_IT

558: Import volume - oil : Steady State Version (SS_DC_IOIL)
DC_IOIL =
DC_OILSHR * DC_IT

559: Total imports volume (DC_IT)
DC_IT =
DC_IM + DC_IOIL

559: Total imports volume : Steady State Version (SS_DC_IT)
DC_IT =
DC_IM + DC_IOIL

560: Definition of real absorption (DC_A)
DC_A =
DC_CTOT + DC_INVEST

560: Definition of real absorption : Steady State Version (SS_DC_A)
DC_A =
DC_CTOT + DC_INVEST

561: Real GDP identity (DC_GDP)
DC_GDP =
DC_XM + DC_XCOM + DC_XOIL + DC_QNT

561: Real GDP identity : Steady State Version (SS_DC_GDP)
DC_GDP =
DC_XM + DC_XCOM + DC_XOIL + DC_QNT

562: Output of non-exported goods (DC_QNT)
LOG(DC_QNT) =
LOG(DC_GDP_FE) + RES_DC_QNT

562: Output of non-exported goods : Steady State Version (SS_DC_QNT)
LOG(DC_QNT) =
LOG(DC_GDP_FE) + RES_DC_QNT

563: Capacity of net national product (DC_NNPCAP)
DC_NNPCAP =
DC_GDP_FE - DC_DELTA * DC_K(-1)

563: Capacity of net national product : Steady State Version (SS_DC_NNPCAP)
DC_NNPCAP =
DC_GDP_FE - DC_DELTA * DC_K / GREAL

564: Absorption deflator (DC_P)
DC_P =
(DC_PXM * DC_QNT + DC_PIT * DC_IT) / (DC_CTOT + DC_INVEST)

564: Absorption deflator : Steady State Version (SS_DC_P)
DC_P =
(DC_PXM * DC_QNT + DC_PIT * DC_IT) / (DC_CTOT + DC_INVEST)

565: GDP deflator (DC_PGNP)
DC_PGNP =
(DC_PXM * (DC_QNT + DC_XMA) + PCOM / RW_ER * DC_XCOM + POIL / RW_ER * DC_XOIL) / DC_GDP + RES_DC_PGNP * DC_PGNP

565: GDP deflator : Steady State Version (SS_DC_PGNP)
DC_PGNP =
(DC_PXM * (DC_QNT + DC_XMA) + PCOM / RW_ER * DC_XCOM + POIL / RW_ER * DC_XOIL) / DC_GDP + RES_DC_PGNP * DC_PGNP

566: Manufactured goods export price (DC_PXM)
DEL(1: RW_RCI) =
RW_PXM1 * RW_RCI(-1) + RW_PXM2 * LOG(DC_XSM / DC_XM) + RES_DC_PXM

566: Manufactured goods export price : Steady State Version (SS_DC_PXM)
0 =
RW_PXM1 * RW_RCI + RW_PXM2 * LOG(DC_XSM / DC_XM) + RES_DC_PXM

567: Prices in foreign markets (RW_PFM)
LOG(RW_PFM) =
W0901 * LOG(US_PXM * US_ER / US_E96) + W0902 * LOG(JA_PXM * JA_ER / JA_E96) + W0903 * LOG(GR_PXM * GR_ER / GR_E96) + W0904 * LOG(FR_PXM * FR_ER / FR_E96) + W0905 * LOG(IT_PXM * IT_ER / IT_E96) + W0906 * LOG(UK_PXM * UK_ER / UK_E96) + W0907 * LOG(CA_PXM * CA_ER / CA_E96) + W0908 * LOG(SI_PXM * SI_ER / SI_E96) + W0909 * LOG(RW_ER / RW_E96)

567: Prices in foreign markets : Steady State Version (SS_RW_PFM)
LOG(RW_PFM) =
W0901 * LOG(US_PXM * US_ER / US_E96) + W0902 * LOG(JA_PXM * JA_ER / JA_E96) + W0903 * LOG(GR_PXM * GR_ER / GR_E96) + W0904 * LOG(FR_PXM * FR_ER / FR_E96) + W0905 * LOG(IT_PXM * IT_ER / IT_E96) + W0906 * LOG(UK_PXM * UK_ER / UK_E96) + W0907 * LOG(CA_PXM * CA_ER / CA_E96) + W0908 * LOG(SI_PXM * SI_ER / SI_E96) + W0909 * LOG(RW_ER / RW_E96)

568: U.S. dollar commodity price index (PCOM)
LOG(DC_XCOM) =
RW_XCOM1 * LOG(DC_KC(-1)) + (1 - RW_XCOM1) * LOG(1 + DC_PROD) * TME + RES_PCOM

569: Total exports price (DC_PXT)
DC_PXT =
(DC_PXM * DC_XMA + PCOM / RW_ER * DC_XCOM + POIL / RW_ER * DC_XOIL) / DC_XT

569: Total exports price : Steady State Version (SS_DC_PXT)
DC_PXT =
(DC_PXM * DC_XMA + PCOM / RW_ER * DC_XCOM + POIL / RW_ER * DC_XOIL) / DC_XT

570: Manufactured goods import price (DC_PIM)
DC_PIM =
RW_PIM + RES_DC_PIM * DC_INFL**TME

570: Manufactured goods import price : Steady State Version (SS_DC_PIM)
DC_PIM =
RW_PIM + RES_DC_PIM * DC_INFL**TME

571: Manufactured goods import price - adjusted for world trade discrepancy (DC_PIMA)
DC_PIMA =
RW_PIMA + RES_DC_PIMA * DC_INFL**TME

571: Manufactured goods import price - adjusted for world trade discrepancy : Steady State Version (SS_DC_PIMA)
DC_PIMA =
RW_PIMA + RES_DC_PIMA * DC_INFL**TME

572: No equation Description (DC_PIT)
DC_PIT =
(DC_PIMA * DC_IM + POIL / RW_ER * DC_IOIL) / DC_IT

572: No equation Description : Steady State Version (SS_DC_PIT)
DC_PIT =
(DC_PIMA * DC_IM + POIL / RW_ER * DC_IOIL) / DC_IT

573: Full capacity supply of manufactured output (DC_XSM)
LOG(DC_XSM) =
RW_XSM1 * LOG(DC_KM(-1)) + (1 - RW_XSM1) * LOG(1 + DC_PROD) * TME + RES_DC_XSM

573: Full capacity supply of manufactured output : Steady State Version (SS_DC_XSM)
LOG(DC_XSM) =
RW_XSM1 * LOG(DC_KM / GREAL) + (1 - RW_XSM1) * LOG(1 + DC_PROD) * TME + RES_DC_XSM

574: Full-employment value of real domestic income (DC_GDP_FE)
DC_GDP_FE =
EXP(RES_DC_GDP_FE + DC_GDP_FE0 + LOG(1 + DC_PROD) * TME * (1 - DC_BETA) + LOG(DC_K(-1)) * DC_BETA)

574: Full-employment value of real domestic income : Steady State Version (SS_DC_GDP_FE)
DC_GDP_FE =
EXP(RES_DC_GDP_FE + DC_GDP_FE0 + LOG(1 + DC_PROD) * TME * (1 - DC_BETA) + LOG(DC_K / GREAL) * DC_BETA)

575: Stock of debt owed to industrial countries (DC_DEBT)
DEL(1: DC_DEBT) =
((DC_XT(4) * DC_PXT(4) * RW_ER(4) / (DC_XT(-1) * DC_PXT(-1) * RW_ER(-1)))**(1 / 5)-1) * DC_XT(-1) * DC_PXT(-1) * RW_ER(-1) * DC_DEBT1 + DC_DEBT2 * (ISR * DC_PXT(-1) * DC_XT(-1) * RW_ER(-1) / US_RRBAR(-1) - DC_DEBT(-1)) + DC_DEBT2 / 10 * (ISR * DC_XTNDHIST(-1) / US_RR(-1) - DC_DEBT(-1)) + RES_DC_DEBT * US_INFL**TME * GREAL**TME

575: Stock of debt owed to industrial countries : Steady State Version (SS_DC_DEBT)
(1-1 / (GREAL * US_INFL)) * DC_DEBT =
(1-1 / (GREAL * US_INFL)) * DC_XT * DC_PXT * RW_ER * DC_DEBT1 + DC_DEBT2 * (ISR * DC_PXT * DC_XT * RW_ER / US_RRBAR - DC_DEBT) / (GREAL * US_INFL) + DC_DEBT2 / 10 * (ISR * DC_XTNDHIST / US_RR - DC_DEBT) / (GREAL * US_INFL) + RES_DC_DEBT * US_INFL**TME * GREAL**TME

576: Claims on foreigners - current U.S. dollars (DC_NFA)
DC_NFA =
DC_NFA(-1) - DEL(1: DC_DEBT) + RES_DC_NFA * DC_PIT * RW_ER * GREAL**TME

576: Claims on foreigners - current U.S. dollars : Steady State Version (SS_DC_NFA)
DC_NFA =
DC_NFA / (US_INFL * GREAL) - (1-1 / (US_INFL * GREAL)) * DC_DEBT + RES_DC_NFA * DC_PIT * RW_ER * GREAL**TME

577: Current account balance - current U.S. dollars (DC_CURBAL)
DEL(1: DC_NFA) / RW_ER =
DC_PXM * DC_XMA + PCOM / RW_ER * DC_XCOM + POIL / RW_ER * DC_XOIL - DC_PIT * DC_IT + US_R * DC_NFA(-1) / RW_ER + RES_DC_IT * DC_PIT * GREAL**TME

577: Current account balance - current U.S. dollars : Steady State Version (SS_DC_CURBAL)
(1-1 / (GREAL * US_INFL)) * DC_NFA / RW_ER =
DC_PXM * DC_XMA + PCOM / RW_ER * DC_XCOM + POIL / RW_ER * DC_XOIL - DC_PIT * DC_IT + US_R * DC_NFA / (US_INFL * GREAL) * RW_ER + RES_DC_IT * DC_PIT * GREAL**TME

578: Export volume - oil (HO_XOIL)
HO_XOIL =
RW_XOIL - DC_XOIL

578: Export volume - oil : Steady State Version (SS_HO_XOIL)
HO_XOIL =
RW_XOIL - DC_XOIL

579: Total exports volume (HO_XT)
HO_XT =
HO_XOIL + HO_XM

579: Total exports volume : Steady State Version (SS_HO_XT)
HO_XT =
HO_XOIL + HO_XM

580: Import volume - commodities (HO_ICOM)
LOG(HO_ICOM) =
HO_IC2 * LOG(PCOM / RW_ER / RW_PXM) + LOG(HO_GDP) + RES_HO_ICOM

580: Import volume - commodities : Steady State Version (SS_HO_ICOM)
LOG(HO_ICOM) =
HO_IC2 * LOG(PCOM / RW_ER / RW_PXM) + LOG(HO_GDP) + RES_HO_ICOM

581: Import volume - manufactured goods (HO_IM)
HO_IM =
HO_IT - HO_IOIL - HO_ICOM

581: Import volume - manufactured goods : Steady State Version (SS_HO_IM)
HO_IM =
HO_IT - HO_IOIL - HO_ICOM

582: Volume of total imports (HO_IT)
HO_IT =
HO_A + HO_XT - HO_GDP

582: Volume of total imports : Steady State Version (SS_HO_IT)
HO_IT =
HO_A + HO_XT - HO_GDP

583: Gross domestic product (HO_GDP)
HO_GDP =
HO_XT + HO_QNT

583: Gross domestic product : Steady State Version (SS_HO_GDP)
HO_GDP =
HO_XT + HO_QNT

584: Definition of real absorption (HO_A)
DEL(1: LOG(HO_A)) =
HO_A0 + HO_A1 * LOG((HO_QNT + HO_XT * HO_PXT / DC_PGNP + 0.035 * HO_NFA / RW_ER / DC_PGNP) / HO_A(-1)) + RES_HO_IM

584: Definition of real absorption : Steady State Version (SS_HO_A)
LOG(GREAL) =
HO_A0 + HO_A1 * LOG((HO_QNT + HO_XT * HO_PXT / DC_PGNP + 0.035 * HO_NFA / RW_ER / DC_PGNP) / (HO_A / GREAL)) + RES_HO_IM

585: Total exports price (HO_PXT)
HO_PXT =
(RW_PXM * HO_XM + POIL / RW_ER * HO_XOIL) / HO_XT * (1 + RES_HO_PXT)

585: Total exports price : Steady State Version (SS_HO_PXT)
HO_PXT =
(RW_PXM * HO_XM + POIL / RW_ER * HO_XOIL) / HO_XT * (1 + RES_HO_PXT)

586: Total imports price (HO_PIT)
HO_PIT =
(RW_PIMA * HO_IM + POIL / RW_ER * HO_IOIL + PCOM / RW_ER * HO_ICOM) / HO_IT * (1 + RES_HO_PIT)

586: Total imports price : Steady State Version (SS_HO_PIT)
HO_PIT =
(RW_PIMA * HO_IM + POIL / RW_ER * HO_IOIL + PCOM / RW_ER * HO_ICOM) / HO_IT * (1 + RES_HO_PIT)

587: Claims on foreigners - current dollars (HO_NFA)
0 =
HO_NFA + JA_NFA + CA_NFA + US_NFA + UK_NFA + IT_NFA + FR_NFA + GR_NFA + SI_NFA + DC_NFA

587: Claims on foreigners - current dollars : Steady State Version (SS_HO_NFA)
0 =
HO_NFA + JA_NFA + CA_NFA + US_NFA + UK_NFA + IT_NFA + FR_NFA + GR_NFA + SI_NFA + DC_NFA

588: Export volume - manufactured goods (RW_XM)
DEL(1: LOG(RW_XM)) =
RW_XM0 + DEL(1: LOG(RW_FACT)) + RW_XM1 * DEL(1: RW_RCI) + RW_XM2 * (RW_XM3 * RW_RCI(-1) + LOG(RW_FACT(-1)) - LOG(RW_XM(-1))) + RES_RW_XM

588: Export volume - manufactured goods : Steady State Version (SS_RW_XM)
LOG(GREAL) =
RW_XM0 + LOG(GREAL) + RW_XM1 * 0 + RW_XM2 * (RW_XM3 * RW_RCI + LOG(RW_FACT) - LOG(RW_XM)) + RES_RW_XM

589: Export volume - manufactured goods, adjusted for world trade discrepancy (RW_XMA)
RW_XMA =
RW_XM + T09 * (WTRADER - TRDER * GREAL**TME) / RW_E96

589: Export volume - manufactured goods, adjusted for world trade discrepancy : Steady State Version (SS_RW_XMA)
RW_XMA =
RW_XM + T09 * (WTRADER - TRDER * GREAL**TME) / RW_E96

590: Exports of primary commodities (RW_XCOM)
RW_XCOM =
US_ICOM + JA_ICOM * JA_E96 + GR_ICOM * GR_E96 + CA_ICOM * CA_E96 + FR_ICOM * FR_E96 + IT_ICOM * IT_E96 + UK_ICOM * UK_E96 + SI_ICOM * SI_E96

590: Exports of primary commodities : Steady State Version (SS_RW_XCOM)
RW_XCOM =
US_ICOM + JA_ICOM * JA_E96 + GR_ICOM * GR_E96 + CA_ICOM * CA_E96 + FR_ICOM * FR_E96 + IT_ICOM * IT_E96 + UK_ICOM * UK_E96 + SI_ICOM * SI_E96

591: Exports of oil (RW_XOIL)
RW_XOIL =
- (US_XOIL - US_IOIL + (JA_XOIL - JA_IOIL) * JA_E96 + (GR_XOIL - GR_IOIL) * GR_E96 + (FR_XOIL - FR_IOIL) * FR_E96 + (IT_XOIL - IT_IOIL) * IT_E96 + (UK_XOIL - UK_IOIL) * UK_E96 + (CA_XOIL - CA_IOIL) * CA_E96 + (SI_XOIL - SI_IOIL) * SI_E96) / RW_E96 + DC_IOIL + HO_IOIL

591: Exports of oil : Steady State Version (SS_RW_XOIL)
RW_XOIL =
- (US_XOIL - US_IOIL + (JA_XOIL - JA_IOIL) * JA_E96 + (GR_XOIL - GR_IOIL) * GR_E96 + (FR_XOIL - FR_IOIL) * FR_E96 + (IT_XOIL - IT_IOIL) * IT_E96 + (UK_XOIL - UK_IOIL) * UK_E96 + (CA_XOIL - CA_IOIL) * CA_E96 + (SI_XOIL - SI_IOIL) * SI_E96) / RW_E96 + DC_IOIL + HO_IOIL

592: Import volume - manufactures (RW_IM)
RW_IM =
DC_IM + HO_IM

592: Import volume - manufactures : Steady State Version (SS_RW_IM)
RW_IM =
DC_IM + HO_IM

593: Manufactured goods export price (RW_PXM)
RW_PXM =
DC_PXM + RES_RW_PXM * RW_INFL**TME

593: Manufactured goods export price : Steady State Version (SS_RW_PXM)
RW_PXM =
DC_PXM + RES_RW_PXM * RW_INFL**TME

594: Manufactured goods import prices (RW_PIM)
RW_PIM =
(S0109 * US_PXM + S0209 * JA_PXM * JA_ER / JA_E96 + S0309 * GR_PXM * GR_ER / GR_E96 + S0409 * FR_PXM * FR_ER / FR_E96 + S0509 * IT_PXM * IT_ER / IT_E96 + S0609 * UK_PXM * UK_ER / UK_E96 + S0709 * CA_PXM * CA_ER / CA_E96 + S0809 * SI_PXM * SI_ER / SI_E96 + S0909 * RW_PXM * RW_ER / RW_E96) / (RW_ER / RW_E96) * (1 + RES_RW_PIM)

594: Manufactured goods import prices : Steady State Version (SS_RW_PIM)
RW_PIM =
(S0109 * US_PXM + S0209 * JA_PXM * JA_ER / JA_E96 + S0309 * GR_PXM * GR_ER / GR_E96 + S0409 * FR_PXM * FR_ER / FR_E96 + S0509 * IT_PXM * IT_ER / IT_E96 + S0609 * UK_PXM * UK_ER / UK_E96 + S0709 * CA_PXM * CA_ER / CA_E96 + S0809 * SI_PXM * SI_ER / SI_E96 + S0909 * RW_PXM * RW_ER / RW_E96) / (RW_ER / RW_E96) * (1 + RES_RW_PIM)

595: Real effective exchange rate (RW_RCI)
RW_RCI =
LOG(RW_PXM) - LOG(RW_PFM)

595: Real effective exchange rate : Steady State Version (SS_RW_RCI)
RW_RCI =
LOG(RW_PXM) - LOG(RW_PFM)

596: Nominal effective exchange rate (RW_NEER)
RW_NEER =
EXP( - (W0902 * LOG(JA_ER / JA_E96) + W0903 * LOG(GR_ER / GR_E96) + W0904 * LOG(FR_ER / FR_E96) + W0905 * LOG(IT_ER / IT_E96) + W0906 * LOG(UK_ER / UK_E96) + W0907 * LOG(CA_ER / CA_E96) + W0908 * LOG(SI_ER / SI_E96) + W0909 * LOG(RW_ER / RW_E96)))

596: Nominal effective exchange rate : Steady State Version (SS_RW_NEER)
RW_NEER =
EXP( - (W0902 * LOG(JA_ER / JA_E96) + W0903 * LOG(GR_ER / GR_E96) + W0904 * LOG(FR_ER / FR_E96) + W0905 * LOG(IT_ER / IT_E96) + W0906 * LOG(UK_ER / UK_E96) + W0907 * LOG(CA_ER / CA_E96) + W0908 * LOG(SI_ER / SI_E96) + W0909 * LOG(RW_ER / RW_E96)))

597: Weighted average of foreign activity (RW_FACT)
RW_FACT =
(US_IM * US_E96 * S0901 + JA_IM * JA_E96 * S0902 + GR_IM * GR_E96 * S0903 + FR_IM * FR_E96 * S0904 + IT_IM * IT_E96 * S0905 + UK_IM * UK_E96 * S0906 + CA_IM * CA_E96 * S0907 + SI_IM * SI_E96 * S0908 + (HO_IM + DC_IM) * RW_E96 * S0909) / RW_E96

597: Weighted average of foreign activity : Steady State Version (SS_RW_FACT)
RW_FACT =
(US_IM * US_E96 * S0901 + JA_IM * JA_E96 * S0902 + GR_IM * GR_E96 * S0903 + FR_IM * FR_E96 * S0904 + IT_IM * IT_E96 * S0905 + UK_IM * UK_E96 * S0906 + CA_IM * CA_E96 * S0907 + SI_IM * SI_E96 * S0908 + (HO_IM + DC_IM) * RW_E96 * S0909) / RW_E96

598: Manufactured goods import price - adjusted for world trade discrepancy (RW_PIMA)
RW_PIMA =
RW_PIM + T09 * (WTRADE - TRDE * GREAL**TME * US_INFL**TME) / RW_ER / RW_IM

598: Manufactured goods import price - adjusted for world trade discrepancy : Steady State Version (SS_RW_PIMA)
RW_PIMA =
RW_PIM + T09 * (WTRADE - TRDE * GREAL**TME * US_INFL**TME) / RW_ER / RW_IM

599: World trade discrepancy, in nominal terms (WTRADE)
WTRADE - TRDE * GREAL**TME * US_INFL**TME =
US_XMA * US_PXM - US_IM * US_PIM + (JA_XMA * JA_PXM - JA_IM * JA_PIM) * JA_ER + (GR_XMA * GR_PXM - GR_IM * GR_PIM) * GR_ER + (FR_XMA * FR_PXM - FR_IM * FR_PIM) * FR_ER + (IT_XMA * IT_PXM - IT_IM * IT_PIM) * IT_ER + (UK_XMA * UK_PXM - UK_IM * UK_PIM) * UK_ER + (CA_XMA * CA_PXM - CA_IM * CA_PIM) * CA_ER + (SI_XMA * SI_PXM - SI_IM * SI_PIM) * SI_ER + (RW_XMA * RW_PXM - RW_IM * RW_PIM) * RW_ER + RES_WTRADE * GREAL**TME * US_INFL**TME

600: World trade discrepancy, in real terms : Steady State Version (SS_WTRADER)
WTRADER - TRDER * GREAL**TME =
US_IM - US_XM + (JA_IM - JA_XM) * JA_E96 + (GR_IM - GR_XM) * GR_E96 + (FR_IM - FR_XM) * FR_E96 + (IT_IM - IT_XM) * IT_E96 + (UK_IM - UK_XM) * UK_E96 + (CA_IM - CA_XM) * CA_E96 + (SI_IM - SI_XM) * SI_E96 + (RW_IM - RW_XM) * RW_E96 + RES_WTRADER * GREAL**TME

601: Price of oil, U.S. dollars (1996=100) : Steady State Version (SS_POIL)
POIL =
RPOIL * US_PGNP**US_WT * (JA_PGNP * JA_ER / JA_E96)**JA_WT * (GR_PGNP * GR_ER / GR_E96)**GR_WT * (FR_PGNP * FR_ER / FR_E96)**FR_WT * (IT_PGNP * IT_ER / IT_E96)**IT_WT * (UK_PGNP * UK_ER / UK_E96)**UK_WT * (SI_PGNP * SI_ER / SI_E96)**SI_WT * (CA_PGNP * CA_ER / CA_E96)**CA_WT