WEALTH, DISPOSABLE INCOME AND CONSUMPTION - Economics
WEALTH, DISPOSABLE INCOME AND CONSUMPTION - Economics
WEALTH, DISPOSABLE INCOME AND CONSUMPTION - Economics
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RAC = average coupon rate<br />
= RAC(t–1) if (DIFDEBT+1/19.6) < 0<br />
= RAC(t–1)*((DEBT(t–1)/DEBT(t))–1/19.6)<br />
+RG*(((DEBT(t)–DEBT(t–1))/DEBT(t))+1/19.6)<br />
otherwise<br />
RATAX = average tax rate = INCTAX/LBINC<br />
DIFDEBT = (DEBT(t)–DEBT(t–1))/(DEBT(t–1)<br />
+DEBT(t))/2+1/19.6<br />
FDEBTQ = foreign debt at market value<br />
= (FORTBQ+PBG*(FORGBQ<br />
+FORPBQ+FORMBQ))<br />
FOR_BQ = rest of the world – Government of Canada<br />
treasury bills (T), federal government bonds (G),<br />
provincial government bonds (P) and municipal<br />
government bonds (M).<br />
D162745, D151811; D162749, D151814; D162750,<br />
D151815; D162751, D151816<br />
c = log of real per capita consumption of non-durables and services<br />
= log [(CON–CDUR)/NPOP]<br />
CON = real total consumption. D20488<br />
CDUR = real consumption of durables. D20489<br />
y = log of real per capita disposable income = log [YDP/PGDP/NPOP]<br />
YDP = current dollar disposable income. D20111<br />
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