gemOpenEconomy_6_6: A 6-by-6 Open Economy with Bond

In GE: General Equilibrium Modeling

A 6-by-6 Open Economy with Bond

Description

Some examples of a 6-by-6 open economy with bond.

Usage

gemOpenEconomy_6_6(...)

Arguments

...	arguments to be passed to the function sdm2.

Examples

#### an open economy with foreign bond (bond.ROW)
dst.firm1 <- node_new(
  "prod1.CHN",
  type = "SCES", es=1, alpha = 1, beta = c(0.4, 0.4, 0.2),
  "prod2.CHN", "prod2.ROW", "lab.CHN"
)

dst.firm2 <- node_new(
  "prod2.CHN",
  type = "SCES", es=1, alpha = 1, beta = c(0.4, 0.4, 0.2),
  "prod2.CHN", "prod2.ROW", "lab.CHN"
)

dst.consumer <- node_new(
  "util",
  type = "FIN", beta = c(0.8, 0.2),
  "cc1", "bond.ROW"
)
node_set(dst.consumer, "cc1",
         type = "SCES", es=1, alpha = 1, beta = c(0.5, 0.5),
         "prod1.CHN", "prod1.ROW"
)

dst.FT1 <- node_new(
  "prod1.ROW",
  type = "SCES", es=1, alpha = 1, beta = c(0.5, 0.5),
  "prod1.CHN", "prod2.CHN"
)

dst.FT2 <- node_new(
  "prod2.ROW",
  type = "SCES", es=1, alpha = 1, beta = c(0.5, 0.5),
  "prod1.CHN", "prod2.CHN"
)

dst.Bond <- node_new(
  "util",
  type = "SCES", es=1, alpha = 1, beta = c(0.5, 0.5),
  "prod1.CHN", "prod2.CHN"
)

ge <- sdm2(
  A = list(dst.firm1, dst.firm2, dst.consumer, dst.FT1, dst.FT2, dst.Bond),
  B = matrix(c(
    1, 0, 0, 0, 0, 0,
    0, 1, 0, 0, 0, 0,
    0, 0, 0, 0, 0, 0,
    0, 0, 0, 1, 0, 0,
    0, 0, 0, 0, 1, 0,
    0, 0, 0, 0, 0, 0
  ), 6, 6, TRUE),
  S0Exg = matrix(c(
    NA, NA, NA, NA, NA, NA,
    NA, NA, NA, NA, NA, NA,
    NA, NA, 100, NA, NA, NA,
    NA, NA, NA, NA, NA, NA,
    NA, NA, NA, NA, NA, NA,
    NA, NA, NA, NA, NA, 20
  ), 6, 6, TRUE),
  names.commodity = c(
    "prod1.CHN", "prod2.CHN", "lab.CHN",
    "prod1.ROW", "prod2.ROW", "bond.ROW"
  ),
  names.agent = c("firm1", "firm2", "consumer", "FT1", "FT2", "Bond"),
  numeraire = "lab.CHN"
)

ge$D
ge$p
ge$z

## Suppose the domestic consumer owns some foreign product by borrowing.
ge <- sdm2(
  A = list(dst.firm1, dst.firm2, dst.consumer, dst.FT1, dst.FT2, dst.Bond),
  B = matrix(c(
    1, 0, 0, 0, 0, 0,
    0, 1, 0, 0, 0, 0,
    0, 0, 0, 0, 0, 0,
    0, 0, 0, 1, 0, 0,
    0, 0, 0, 0, 1, 0,
    0, 0, 0, 0, 0, 0
  ), 6, 6, TRUE),
  S0Exg = matrix(c(
    NA, NA, NA, NA, NA, NA,
    NA, NA, NA, NA, NA, NA,
    NA, NA, 100, NA, NA, NA,
    NA, NA, 10, NA, NA, NA,
    NA, NA, NA, NA, NA, NA,
    NA, NA, NA, NA, NA, 20
  ), 6, 6, TRUE),
  names.commodity = c(
    "prod1.CHN", "prod2.CHN", "lab.CHN",
    "prod1.ROW", "prod2.ROW", "bond.ROW"
  ),
  names.agent = c("firm1", "firm2", "consumer", "FT1", "FT2", "Bond"),
  numeraire = "lab.CHN"
)

ge$D
ge$p
ge$z

GE documentation built on Nov. 8, 2023, 9:07 a.m.