| MCG Model: What It Takes To Solve the U.S. Government Deficit Problem |
| The MCG Model The MCG model is the same as the MCF model except that the April 28, 2011, version of the US model is used rather than the January 29, 2011, version. The MCG model is used for the results in What It Takes To Solve the U.S. Government Deficit Problem. The base dataset for the MCG model is the base run in this paper. The net tax increase run is in dataset "nettax" with a password of "ray". The dataset nettax differs from the base dataset in only one way. The values for TRGHQ between 2012:1 and 2020:2 are the following in nettax: 2012.1 376.9819131 2012.2 368.8909921 2012.3 360.6236392 2012.4 352.0872962 2013.1 341.0187225 2013.2 332.2395404 2013.3 323.2520961 2013.4 314.0759409 2014.1 304.7324387 2014.2 295.2362542 2014.3 285.5977313 2014.4 275.8179785 2015.1 278.8585469 2015.2 281.9677478 2015.3 285.1372153 2015.4 288.3543527 2016.1 291.6228483 2016.2 294.9416360 2016.3 298.3038429 2016.4 301.6965175 2017.1 305.1261606 2017.2 308.5885919 2017.3 312.0775629 2017.4 315.5830094 2018.1 319.1189518 2018.2 322.6891924 2018.3 326.2884821 2018.4 329.9027360 2019.1 333.5500632 2019.2 337.2370033 2019.3 340.9579068 2019.4 344.6947426 2020.1 348.4662977 2020.2 352.2772966 2020.3 356.1203323 2020.4 359.9737696 If you start with the base dataset, change TRGHQ to these values (rounded to three digits), and solve the model for the 2012:1-2020:4 period (no other changes), you will duplicate the nettax dataset. You can use either the base dataset or the nettax dataset to run alternative experiments from those in the paper. If you use the base dataset, the "base run" is the base run in the paper. If you use the nettax dataset, the "base run" is the net tax increase run in the paper. |