Baseline Scenario (must be run first before running any experiment)

Baseline Scenario (Link)

Experiments

1) An increase in the target real wage rate (An autonomous increase in wage inflation) (Link)
2) A one-period increase in the growth rate of government expenditures (Link)
3) A permanent increase in the growth rate of government expenditures (Link)
4) A permanent decrease in the income tax rate (Link)
5) A permanent decrease in the corporate tax rate (Link)
6) A permanent decrease in the bank tax rate (Link)
7) A one-period increase in the rate of interest on T-Bills (Link)
8) A five-period permanent increase in the rate of interest on T-Bills (Link)
9) A one-period switch to a market-determined exchange rate (Link)
10) A permanent increase in the propensity to consume out of income (Link)
11) A permanent increase in the propensity to consume out of wealth (Link)
12) A decrease in the ROW's rate of price inflation (Link)
13) A permanent decrease in the ROW's propensity to import out of income (Link)
14) A permanent increase in the ROW's imports demand-real exchange rate elasticity (Link)
15) A permanent increase in the real exchange rate elasticity of the demand for imports (Link)
16) A permanent decrease in the propensity to import out of income (Link)
17) A permanent increase in foreign currency liquidity preference due to an equivalent decrease in the preference for local currency bonds (Link)
18) A permanent increase in liquidity preference due to an equivalent decrease in the preference for equities (Link)
19) A decrease in the rate of bank reserve requirements (Link)
20) A global economic crisis without domestic fiscal stimulus (Link)
21) A global economic crisis with domestic fiscal stimulus (Link)