Open jdebacker opened 1 year ago
alpha_G = 0.03
alpha_T = 0.09
alpha_I = 0.0003
alpha_
initial_debt_ratio = 0.62
gamma = 0.61
g_y = 0.03
Foreign holdings of gov't debt are about 26% (source).
jdebacker
commented
1 year ago
Fiscal policy parameters
alpha_G = 0.03alpha_T = 0.09alpha_I = 0.0003(source foralpha_parameters)initial_debt_ratio = 0.62(source)Production function parameters
gamma = 0.61(Capital's share of income, source)g_y = 0.03(underlying productivity growth rate, source)