jdebacker
commented
3 months ago Example (note, GitHub markdown doesn't render some of the variable names if they have an underscore in them):
| Symbol | Description | Value |
|---|---|---|
| $\texttt{start_year}$ | Initial year | 2023 |
| $\omega_{s,t}$ | Population by age over time | Too large to report here, see default parameters JSON |
| $i_{s,t}$ | Immigration rates by age | Too large to report here, see default parameters JSON |
| $\rho_{s,t}$ | Mortality rates by age | Too large to report here, see default parameters JSON |
| $e_{j,s,t}$ | Deterministic ability process | Too large to report here, see default parameters JSON |
| $\lambda_{j}$ | Lifetime income group percentages | Too large to report here, see default parameters JSON |
| $J$ | Number of lifetime income groups | 7 |
| $S$ | Maximum periods in economically active individual life | 80 |
| $E$ | Number of periods of youth economically outside the model | 20 |
| $T$ | Number of periods to steady-state | 320 |
| $R$ | Retirement age | [65.000...65.000] |
| $\tilde{l}$ | Maximum hours of labor supply | 1.000 |
| $\beta$ | Discount factor | [0.960...0.960] |
| $\sigma$ | Coefficient of constant relative risk aversion | 1.500 |
| $\nu$ | Frisch elasticity of labor supply | 0.400 |
| $b$ | Scale parameter in utility of leisure | 0.573 |
| $\upsilon$ | Shape parameter in utility of leisure | 2.856 |
| $\chi^{n}_{s}$ | Disutility of labor level parameters | Too large to report here, see default parameters JSON |
| $\chi^{b}_{j}$ | Utility of bequests level parameters | [80.000...80.000] |
| $\texttt{use_zeta}$ | Whether to distribute bequests between lifetime income groups | 0.00E+00 |
| $\zeta$ | Distribution of bequests | Too large to report here, see default parameters JSON |
| $Z_{t}$ | Total factor productivity | Too large to report here, see default parameters JSON |
| $\gamma$ | Capital share of income | [0.588...0.588] |
| $\varepsilon$ | Elasticity of substitution between capital and labor | [1.000...1.000] |
| $\delta$ | Capital depreciation rate | 0.050 |
| $g_{y}$ | Growth rate of labor augmenting technological progress | 0.036 |
| $\texttt{tax_func_type}$ | Functional form used for income tax functions | linear |
| $\texttt{analytical_mtrs}$ | Whether use analytical MTRs or estimate MTRs | 0.00E+00 |
| $\texttt{age_specific}$ | Whether use age-specific tax functions | 1.000 |
| $\tau^{p}_{t}$ | Payroll tax rate | [0.140...0.140] |
| $\tau^{BQ}_{t}$ | Bequest (estate) tax rate | [0.200...0.200] |
| $\tau^{b}_{t}$ | Entity-level business income tax rate | Too large to report here, see default parameters JSON |
| $\delta^{\tau}_{t}$ | Rate of depreciation for tax purposes | Too large to report here, see default parameters JSON |
| $\tau^{c}_{t,s,j}$ | Consumption tax rates | Too large to report here, see default parameters JSON |
| $H$ | Coefficient on linear term in wealth tax function | [0.100...0.100] |
| $M$ | Constant in wealth tax function | [1.000...1.000] |
| $P$ | Coefficient on level term in wealth tax function | [0.000...0.000] |
| $\texttt{budget_balance}$ | Whether have a balanced budget in each period | 0.00E+00 |
| $\texttt{baseline_spending}$ | Whether level of spending constant between the baseline and reform runs | 0.00E+00 |
| $\alpha^{T}_{t}$ | Transfers as a share of GDP | [0.097...0.097] |
| $\eta_{j,s,t}$ | Distribution of transfers | Too large to report here, see default parameters JSON |
| $\alpha^{G}_{t}$ | Government spending as a share of GDP | [0.142...0.142] |
| $t_{G1}$ | Model period in which budget closure rule starts | 20 |
| $t_{G2}$ | Model period in which budget closure rule ends | 256 |
| $\rho_{G}$ | Budget closure rule smoothing parameter | 0.100 |
| $\bar{\alpha}_{D}$ | Steady-state Debt-to-GDP ratio | 1.000 |
| $\alpha_{D,0}$ | Initial period Debt-to-GDP ratio | 0.600 |
| $\tau_{d,t}$ | Scale parameter in government interest rate wedge | [0.245...0.245] |
| $\mu_{d,t}$ | Shift parameter in government interest rate wedge | [-0.034...-0.034] |
| $\texttt{avg_earn_num_years}$ | Number of years over which compute average earnings for pension benefit | 35 |
| $\texttt{AIME_bkt_1}$ | First AIME bracket threshold | 749.000 |
| $\texttt{AIME_bkt_2}$ | Second AIME bracket threshold | 4517.000 |
| $\texttt{PIA_rate_bkt_1}$ | First AIME bracket PIA rate | 0.00E+00 |
| $\texttt{PIA_rate_bkt_2}$ | Second AIME bracket PIA rate | 0.00E+00 |
| $\texttt{PIA_rate_bkt_3}$ | Third AIME bracket PIA rate | 0.00E+00 |
| $\texttt{PIA_maxpayment}$ | Maximum PIA payment | 0.00E+00 |
| $\texttt{PIA_minpayment}$ | Minimum PIA payment | 0.00E+00 |
| $\theta_{adj,t}$ | Adjustment to replacement rate | [1.000...1.000] |
| $r^{*}_{t}$ | World interest rate | [0.040...0.040] |
| $D_{f,0}$ | Share of government debt held by foreigners in initial period | 0.146 |
| $\zeta_{D, t}$ | Share of new debt issues purchased by foreigners | [0.146...0.146] |
| $\zeta_{K, t}$ | Share of excess capital demand satisfied by foreigners | [0.900...0.900] |
| $\xi$ | Dampening parameter for TPI | 0.400 |
| $\texttt{maxiter}$ | Maximum number of iterations for TPI | 250 |
| $\texttt{mindist_SS}$ | SS solution tolerance | 1.00E-09 |
| $\texttt{mindist_TPI}$ | TPI solution tolerance | 1.00E-05 |
codecov-commenter
This PR updates some the tex code for parameter labels to improve formatting.