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SSASIM input table DEV_P

Contains specification of 1-year-lagged and 2-year-lagged variable coefficients in the VAR(2) model of deviations around trend values for stochastic variables. Each row specifies one pair of lagged variable coefficients in one VAR equation for a stochastic variable (identified by their var_index values), so many rows are required for each table id value.

Parent table is: ASSUMP

There are no child tables.

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SSASIM:   DEV_P . id
Identifies set of lagged variable coefficient values for all stochastic variable VAR(2) deviation equations, so value should be unique for each group of rows that has a collection of var1_index and var2_index pairs (see below).

Valid values: 1 to 999999999 (nine digits), Integer

Source code: assump.h and assump.cpp

SSASIM:   DEV_P . var1_index
Specifies index of stochastic variable whose VAR(2) deviation equation includes the lagged variable coefficient values specified on this table row.

Valid values: 1 to 15, Integer

1 : total fertility rate (tfr) [log-decimal]

2 : total net immigration (imm) [in millions]

3 : mortality decline rate (mdr) [in percent per year]

4 : female labor force participation rate (fpr) [log-odds]

5 : male labor force participation rate (mpr) [log-odds]

6 : unemployment rate (unr) [log-odds]

7 : inflation rate (inf) [in percent per year]

8 : productivity growth rate (pgr) [in percent per year]

9 : wage share growth rate (wsg) [in percent per year]

10 : hours worked growth rate (hwg) [in percent per year]

11 : nominal interest rate (nir) [log-decimal-rate]

12 : disability incidence factor (dif) [log-decimal]

13 : disability recovery factor (drf) [log-decimal]

14 : equity return (eqr) [log-decimal-gross-nominal-annual-return]

15 : tbill spread (tbs) [difference-in-log-decimal-rate]

[log-decimal] means that variable is expressed as natural logarithm of the decimal (not percentage) value of the variable. This transformation is used to represent variables whose values must always be positive.

[log-odds] means that variable is expressed as natural logarithm of the odds of the value of the variable, where the odds of variable x is equal to x/(1-x). This transformation is used to represent variables whose values must always be between zero and one (like the decimal unemployment rate).

Source code: assump.h and assump.cpp

SSASIM:   DEV_P . var2_index
Specifies index of right-hand-side variable in VAR(2) deviation equation whose lagged variable coefficient values are specified on this table row.

Valid values: 1 to 15, Integer

1 : total fertility rate (tfr) [log-decimal]

2 : total net immigration (imm) [in millions]

3 : mortality decline rate (mdr) [in percent per year]

4 : female labor force participation rate (fpr) [log-odds]

5 : male labor force participation rate (mpr) [log-odds]

6 : unemployment rate (unr) [log-odds]

7 : inflation rate (inf) [in percent per year]

8 : productivity growth rate (pgr) [in percent per year]

9 : wage share growth rate (wsg) [in percent per year]

10 : hours worked growth rate (hwg) [in percent per year]

11 : nominal interest rate (nir) [log-decimal-rate]

12 : disability incidence factor (dif) [log-decimal]

13 : disability recovery factor (drf) [log-decimal]

14 : equity return (eqr) [log-decimal-gross-nominal-annual-return]

15 : tbill spread (tbs) [difference-in-log-decimal-rate]

[log-decimal] means that variable is expressed as natural logarithm of the decimal (not percentage) value of the variable. This transformation is used to represent variables whose values must always be positive.

[log-odds] means that variable is expressed as natural logarithm of the odds of the value of the variable, where the odds of variable x is equal to x/(1-x). This transformation is used to represent variables whose values must always be between zero and one (like the decimal unemployment rate).

Source code: assump.h and assump.cpp

SSASIM:   DEV_P . notes
Describes specification of table row in free-form note.

Valid values: any ASCII text (Note: do not copy and paste from a word processor because of the possibility of embedded non-ASCII characters.)

Source code: notes are not read by the model

SSASIM:   DEV_P . lag1_coeff
Specifies value of 1-year-lagged coefficient for var2_index variable in VAR(2) deviation equation for var1_index variable. Coefficients in the VAR(2) model that do not have a row with specified values are assumed to be zero. That is, zero coefficients are implied and need not be specified. However, each table id value must have at least one table row.

Valid values: any, Real

Source code: assump.h and assump.cpp

SSASIM:   DEV_P . lag2_coeff
Specifies value of 2-year-lagged coefficient for var2_index variable in VAR(2) deviation equation for var1_index variable. Coefficients in the VAR(2) model that do not have a row with specified values are assumed to be zero. That is, zero coefficients are implied and need not be specified. However, each table id value must have at least one table row.

Valid values: any, Real

Source code: assump.h and assump.cpp