### Exogenous Variables

**Federal Government, g**

(Main Variables)

COG - Purchases of goods (real)
D1G - Personal income tax parameter
D2G - Profit tax rate
D3G - Indirect business tax rate
D4G - Employee social security tax rate
D5G - Employer social security tax rate
JG - Number of civilian jobs (millions)
JM - Number of military jobs (millions)
TRGH - Transfer payments to households (nominal)
TRGS - Grants in aid to state and local governments (nominal)
CTGB - Capital transfers to financial business (nominal)
**State and Local Government, s**

(Main Variables)

COS - Purchases of goods (real)
D1S - Personal income tax parameter
D2S - Profit tax rate
D3S - Indirect business tax rate
JS - Number of jobs (millions)
TRSH - Transfer payments to households (nominal)
**Foreign Sector, r**

(Main Variables)

EX - Exports (real)
PIM - Import price index
TRGR - Transfer payments from the federal government (nominal)
**Other Exogenous Variables**

(time dummy variables not included)

AG1 - Percent of 16+ population 26-55 minus percent 16-25
AG2 - Percent of 16+ population 56-65 minus percent 16-25
AG3 - Percent of 16+ population 66+ minus percent 16-25
BO - Bank borrowing from the Fed (nominal)
BR - Total bank reserves (nominal)
CCB - Capital consumption, b (real)
CCG - Capital consumpiton, g (nominal)
CCH - Capital consumpiton, h (nominal)
CCS - Capital consumpiton, s (nominal)
CDA - Peak to peak interpolation of CD/POP
DB - Net dividends paid, b (nominal)
DELD - Depreciation rate of durable-goods stock
DELH - Depreciation rate of housing stock
DELK - Depreciation rate of firms' capital stock
DG - Net dividends paid, g (nominal)
DISB - Discrepancy, b (nominal)
DISBA - Discrepancy between NIPA and FFA data on capital consumption (nominal)
DISF - Discrepancy, f (nominal)
DISG - Discrepancy, g (nominal)
DISH - Discrepancy, h (nominal)
DISR - Discrepancy, r (nominal)
DISS - Discrepancy, s (nominal)
DR - Net dividends paid, r (nominal)
DS - Net dividends paid, s (nominal)
FA - Farm gross product (real)
FIROW - Payments of factor income to the rest of the world (nominal)
FIROWD - FIROW price index
FIUS - Receipts of factor income from the rest of the world (nominal)
FIUSD - FIUS price index
HFS - Peak to peak interpolation of HF
HG - Average number of hours paid per civilian job, g (hours per quarter)
HM - Average number of hours paid per military job, g (hours per quarter)
HS - Average number of hours paid per job, s (hours per quarter)
IGZ - Gross investment, g (nominal)
IHB - Residential investment, b (real)
IHF - Residential investment, f (real)
IHHA - Peak to peak interpolation of IHH/POP
IKB - Nonresidential fixed investment, b (real)
IKFA - Peak to peak interpolation of IKF
IKG - Nonresidential fixed investment, g (real)
IKH - Nonresidential fixed investment, h (real)
INS - Insurance credits to households from g (nominal)
INTZ - Net interest payments, other (nominal)
INTS - Net interest payments, s (nominal)
ISZ - Gross investment, s (nominal)
IVA - Inventory valuation adjustment (nominal)
JJP - Potential value of JJ
LAM - Amount of output capable of being produced per worker hour
MDIF - Demand deposit difference variable (nominal)
MG - Demand deposits and currency, g (nominal)
MH - Demand deposits and currency, h (nominal)
MR - Demand deposits and currency, r (nominal)
MS - Demand deposits and currency, s (nominal)
MUH - Amount of output capable of being produced per unit of capital
PFA - Price index for FA
PIEB - Before tax profits, b (real)
POP1 - Noninstitutional population of men 25-54 (millions)
POP2 - Noninstitutional population of women 25-54 (millions)
POP3 - Noninstitutional population of all others 16+ (millions)
PSI1 - Ratio of PEX to PX
PSI2 - Ratio of PCS to (1+D3G+D3S)PD
PSI3 - Ratio of PCN to (1+D3G+D3S)PD
PSI4 - Ratio of PCD to (1+D3G+D3S)PD
PSI5 - Ratio of PIH to PD
PSI6 - Ratio of PIK to PD
PSI7 - Ratio of PG to PD
PSI8 - Ratio of PS to PD
PSI9 - Ratio of PIV to PD
PSI10 - Ratio of WG to WF
PSI11 - Ratio of WM to WF
PSI12 - Ratio of WS to WF
PSI13 - Ratio of gross product of g and s to total employee hours of g and s
PSI14 - Ratio of PKH to PD
Q - Gold and foreign exchange, g (nominal)
RNT - Rental income, h (nominal)
SIFS - Employer social insurance contributions, f to s (nominal)
SIGG - Employer social insurance contributions, g to g (nominal)
SIHS - Employer social insurance contributions, h to s (nominal)
SISS - Employer social insuracne contributions, s to s (nominal)
STAT - Statistical discrepancy (nominal)
STATP - Statistical discrepancy relating to the use of chain price indices (real)
SUBG - Subsidies less current surplus of government enterprises, g (nominal)
SUBS - Subsidies less current surplus of governemnt enterprises, s (nominal)
T - Time trend (1 in 1952:1, 2 in 1952:2, etc.)
TAUG - Progressivity tax parameter in personal income tax equation for g
TAUS - Progressivity tax parameter in personal income tax equation for s
TAXFR - Taxes, f to r (nominal)
TBG - Corporate profit taxes, b to g (nominal)
TBS - Corporate profit taxes, b to s (nominal)
TRFG - Transfer payments, f to g (nominal)
TRFH - Transfer payments, f to h (nominal)
TRFR - Transfer payments, f to r (nominal)
TRFS - Transfer payments, f to s (nominal)
TRHR - Transfer payments, h to r (nominal)
TXCR - Dummy variable for the investment tax credit
WLDF - Wage accruals less disbursements, f (nominal)
WLDG - Wage accruals less disbursements, g (nominal)
WLDS - Wage accruals less disbursements, s (nominal)
**Normally Endogenous Variables**

(It is pointless to modify these
variables unless you drop the associated equation)

CS - Service consumption
CN - Nondurable consumption
CD - Durable consumption
IHH - Housing investment, h
L1 - Labor supply, M 25-54
L2 - Labor supply, F 25-54
L3 - Labor supply, other
LM - Moonlighters
PF - Price deflator,f
Y - Production, f
IKF - Investment, f
JF - Number of jobs, f
HF - Hours per job, f
HO - Overtime hours
WF - Wage rate, f
MF - Money demand, f
DF - Net dividends paid, f
INTF - Interest paid, f
CCF - Capital consumption, f
RB - Bond rate
RM - Mortgage rate
CG - Capital gains
CUR - Currency demand
IM - Imports
UB - Unemployment benefits
INTG - Interest paid, g
RS - Bill rate