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Multimod Home Mark III Home Download the model: DOS version UNIX version Country models: Canada France Germany Italy Japan Rest of the World, Developing Countries Small Industrial Countries United Kingdom United States |
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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 |