@ Actual and Forecast Values for Selected Variables
@
@ Real GDP and its Endogenous Components
@
PRINTVAR FIXEDF LEVELS PCHANGES GDPR CS CN CD IHH IKF IM;
GDPR GDPR CS CS CN CN
Level %Change Level %Change Level %Change
2017.1 4472.30000 1.73126 2017.85000 2.65488 699.15000 3.71700
2017.2 4494.80000 2.02762 2020.02500 0.43185 706.17500 4.08015
2017.3 4532.02500 3.35410 2026.85000 1.35833 709.47500 1.88237
2017.4 4577.57500 4.08129 2039.70000 2.56017 718.52500 5.20083
2018.1 4609.30000 2.80116 2056.77500 3.39081 719.22500 0.39026
2018.2 4641.45000 2.81934 2071.45000 2.88467 722.52500 1.84798
2018.3 4674.92500 2.91623 2082.62500 2.17543 727.30000 2.66983
2018.4 4683.42500 0.72927 2088.25000 1.08475 734.60000 4.07570
2019.1 4708.87500 2.19140 2091.27500 0.58069 737.75000 1.72628
2019.2 4740.55000 2.71793 2098.12500 1.31666 744.57500 3.75211
2019.3 4782.75000 3.60860 2110.30000 2.34140 751.15000 3.57928
2019.4 4803.95000 1.78486 2121.35000 2.11100 751.95000 0.42669
2020.1 4747.47500 -4.62011 2072.65000 -8.87143 763.37500 6.21745
2020.2 4344.70000 -29.85634 1821.12500 -40.39878 731.02500 -15.90364
2020.3 4685.95000 35.31671 1970.72500 37.13398 786.02500 33.66464
2020.4 4731.10000 3.91014 1998.45000 5.74724 786.27500 0.12728
2021.1 4804.07500 6.31404 2018.07500 3.98628 814.00000 14.86818
2021.2 4886.07500 7.00434 2077.37500 12.28207 837.85000 12.24512
2021.3 4918.17500 2.65389 2123.57500 9.19703 841.37500 1.69353
2021.4 5001.55000 6.95536 2142.05000 3.52566 842.92500 0.73893
2022.1 4981.05000 -1.62944 2153.22500 2.10317 833.52500 -4.38660
2022.2 4973.85000 -0.57694 2177.40000 4.56714 828.37500 -2.44862
2022.3 5013.67500 3.24142 2197.10000 3.66841 828.17500 -0.09654
2022.4 5049.55000 2.89304 2211.15000 2.58256 831.27500 1.50570
2023.1 5040.90225 -0.68327 2218.88028 1.40577 828.92373 -1.12661
2023.2 5030.89600 -0.79164 2226.09693 1.30731 825.89094 -1.45547
2023.3 5029.99714 -0.07145 2233.43946 1.32590 823.45911 -1.17260
2023.4 5039.23662 0.73678 2241.02406 1.36531 821.82185 -0.79294
2024.1 5056.44836 1.37323 2248.88270 1.41008 820.93345 -0.43171
2024.2 5078.67761 1.77012 2257.03986 1.45880 820.70114 -0.11314
2024.3 5104.33440 2.03611 2265.50531 1.50874 821.03062 0.16068
2024.4 5132.06264 2.19069 2274.27283 1.55701 821.83475 0.39234
2025.1 5160.85092 2.26275 2283.32965 1.60246 823.03679 0.58633
2025.2 5190.23224 2.29677 2292.65984 1.64453 824.57110 0.74777
2025.3 5220.01210 2.31490 2302.24457 1.68276 826.38204 0.88139
2025.4 5250.16061 2.33032 2312.06494 1.71717 828.42328 0.99171
CD CD IHH IHH IKF IKF
Level %Change Level %Change Level %Change
2017.1 380.65000 2.45387 127.00805 12.69396 514.39826 6.37105
2017.2 384.90000 4.54140 127.83485 2.62946 521.25414 5.43872
2017.3 394.75000 10.63611 127.22400 -1.89773 525.17260 3.04103
2017.4 409.52500 15.83322 129.38059 6.95482 536.64044 9.02481
2018.1 412.05000 2.48918 128.14715 -3.75920 549.09267 9.60971
2018.2 417.62500 5.52279 129.17076 3.23360 558.39603 6.95146
2018.3 422.72500 4.97497 127.18478 -6.00955 562.83930 3.22107
2018.4 424.55000 1.73811 124.30946 -8.74092 565.69988 2.04852
2019.1 420.80000 -3.48662 124.02125 -0.92416 566.93928 0.87924
2019.2 429.87500 8.90952 125.10053 3.52666 576.09372 6.61698
2019.3 440.55000 10.30928 126.11465 3.28221 581.35963 3.70673
2019.4 448.80000 7.70369 126.47093 1.13482 577.23579 -2.80733
2020.1 435.57500 -11.27615 132.58549 20.78724 567.21748 -6.76361
2020.2 436.02500 0.41389 120.99439 -30.64513 522.53192 -27.98004
2020.3 520.87500 103.65191 136.53932 62.16983 540.29612 14.30786
2020.4 521.65000 0.59648 148.35055 39.35603 553.45698 10.10526
2021.1 572.12500 44.69278 154.16283 16.61703 566.76925 9.97391
2021.2 586.75000 10.62383 150.25710 -9.75537 584.59807 13.18904
2021.3 551.47500 -21.96473 147.86750 -6.21122 586.73323 1.46897
2021.4 558.37500 5.09947 148.99089 3.07372 587.53957 0.55085
2022.1 568.75000 7.64200 147.47416 -4.01025 599.18751 8.16893
2022.2 564.80000 -2.74922 137.34852 -24.76286 600.41394 0.82124
2022.3 563.60000 -0.84715 126.29245 -28.51521 610.03614 6.56613
2022.4 564.30000 0.49773 116.82052 -26.79059 611.06671 0.67746
2023.1 558.53169 -4.02656 107.42116 -28.50382 607.56924 -2.26984
2023.2 552.37564 -4.33639 100.39551 -23.70471 605.97828 -1.04332
2023.3 546.03960 -4.50987 96.47995 -14.71137 610.17207 2.79715
2023.4 539.61381 -4.62476 94.96726 -6.12555 614.56573 2.91154
2024.1 533.18667 -4.67981 95.04639 0.33369 617.56674 1.96761
2024.2 526.83651 -4.67950 96.19335 4.91504 621.58038 2.62510
2024.3 520.63120 -4.62879 98.06693 8.02149 626.65709 3.30721
2024.4 514.62751 -4.53345 100.43424 10.01116 632.56647 3.82569
2025.1 508.87196 -4.39907 103.13555 11.20044 639.00600 4.13461
2025.2 503.40271 -4.23031 106.06330 11.84767 645.75037 4.28909
2025.3 498.25067 -4.03135 109.14494 12.13829 652.66037 4.34949
2025.4 493.44078 -3.80586 112.33286 12.20516 659.64520 4.35005
IM IM
Level %Change
2017.1 810.45000 6.32154
2017.2 818.35000 3.95645
2017.3 817.67500 -0.32952
2017.4 840.72500 11.76169
2018.1 847.80000 3.40887
2018.2 848.82500 0.48448
2018.3 860.25000 5.49359
2018.4 868.57500 3.92752
2019.1 871.47500 1.34222
2019.2 872.92500 0.66720
2019.3 869.10000 -1.74124
2019.4 851.15000 -8.00898
2020.1 823.87500 -12.21488
2020.2 679.65000 -53.68774
2020.3 796.05000 88.20021
2020.4 854.75000 32.92144
2021.1 870.50000 7.57681
2021.2 887.25000 7.92174
2021.3 901.57500 6.61625
2021.4 940.82500 18.58451
2022.1 981.40000 18.39921
2022.2 986.85000 2.23989
2022.3 968.22500 -7.33823
2022.4 956.95000 -4.57727
2023.1 963.45635 2.74748
2023.2 966.25701 1.16784
2023.3 966.77134 0.21309
2023.4 966.27878 -0.20364
2024.1 965.64538 -0.26195
2024.2 965.27621 -0.15283
2024.3 965.37135 0.03943
2024.4 966.00257 0.26180
2025.1 967.14864 0.47541
2025.2 968.75800 0.66728
2025.3 970.78166 0.83819
2025.4 973.18187 0.99265
PRINTVAR FIXEDF LEVELS IVF;
IVF
Level
2017.1 -2.85000
2017.2 4.35000
2017.3 21.67500
2017.4 13.07500
2018.1 14.72500
2018.2 0.85000
2018.3 28.70000
2018.4 21.82500
2019.1 33.65000
2019.2 20.27500
2019.3 17.97500
2019.4 1.20000
2020.1 -8.60000
2020.2 -69.77500
2020.3 9.20000
2020.4 14.57500
2021.1 -20.75000
2021.2 -35.90000
2021.3 -12.15000
2021.4 49.40000
2022.1 53.62500
2022.2 27.55000
2022.3 9.67500
2022.4 32.47500
2023.1 30.60865
2023.2 20.85146
2023.3 8.34288
2023.4 1.28398
2024.1 0.70219
2024.2 2.15505
2024.3 4.55862
2024.4 7.12702
2025.1 9.33128
2025.2 11.02768
2025.3 12.22645
2025.4 13.03712
@
@ Prices and Wages
@
PRINTVAR FIXEDF PCHANGES GDPD PF WF WR ;
GDPD PF WF WR
%Change %Change %Change %Change
2017.1 1.89015 1.95170 5.36405 3.34703
2017.2 1.44377 0.93749 0.85084 -0.08585
2017.3 2.01927 1.80305 4.79502 2.93898
2017.4 2.78365 2.39560 4.15261 1.71591
2018.1 2.48116 2.27423 2.41201 0.13472
2018.2 3.16643 3.18848 1.67075 -1.47083
2018.3 1.65456 1.58780 4.05630 2.42991
2018.4 1.83223 1.12186 2.50142 1.36425
2019.1 1.55624 1.51729 7.66970 6.06046
2019.2 2.25092 2.71134 0.96708 -1.69821
2019.3 1.30789 0.40313 1.76962 1.36100
2019.4 1.29500 0.92014 6.89389 5.91928
2020.1 1.39835 0.59493 11.60792 10.94785
2020.2 -1.09392 -3.95175 34.40478 39.93464
2020.3 3.50398 3.68596 -4.32264 -7.72390
2020.4 2.81766 3.33508 1.90754 -1.38147
2021.1 4.80585 5.01598 -4.25034 -8.82372
2021.2 6.35411 4.85299 8.84046 3.80292
2021.3 6.20871 8.09819 5.25587 -2.62940
2021.4 6.84051 7.95097 7.35015 -0.55656
2022.1 8.35029 8.26627 1.90966 -5.87128
2022.2 9.10090 9.44510 3.27071 -5.64155
2022.3 4.01809 4.10488 4.92281 0.78568
2022.4 3.85467 3.50441 5.10415 1.54557
2023.1 4.03249 4.24888 3.21944 -0.98748
2023.2 3.78536 3.89427 3.02315 -0.83847
2023.3 3.53473 3.55581 2.83162 -0.69932
2023.4 3.38343 3.33526 2.73744 -0.57852
2024.1 3.34137 3.24537 2.75317 -0.47672
2024.2 3.38756 3.26286 2.85876 -0.39133
2024.3 3.50490 3.36207 3.03177 -0.31956
2024.4 3.67410 3.51948 3.25156 -0.25881
2025.1 3.87718 3.71499 3.50046 -0.20685
2025.2 4.09939 3.93346 3.76519 -0.16190
2025.3 4.33066 4.16419 4.03645 -0.12264
2025.4 4.56479 4.40034 4.30836 -0.08811
@
@ Interest Rates and Money
@
PRINTVAR FIXEDF LEVELS RS RB RM M1 PCM1 UBR;
RS RB RM M1 PCM1 UBR
Level Level Level Level Level Level
2017.1 0.59000 3.96000 4.17333 3913.06800 21.42734 2156.87100
2017.2 0.89000 3.80000 3.98667 3990.54800 8.15848 1986.81400
2017.3 1.03667 3.65333 3.88667 4000.64200 1.01564 2077.73800
2017.4 1.20667 3.56000 3.92333 4043.57100 4.36179 1956.41200
2018.1 1.56000 3.74667 4.26883 4143.16500 10.22209 2114.58900
2018.2 1.84000 3.93667 4.54117 4103.08500 -3.81372 1894.22100
2018.3 2.04000 3.91000 4.57000 4113.00000 0.97010 1776.76300
2018.4 2.31667 4.12667 4.78000 4185.88300 7.27870 1563.43400
2019.1 2.38667 3.83000 4.36667 4146.91200 -3.67236 1588.31900
2019.2 2.30000 3.59333 4.00333 4245.30700 9.83408 1428.87800
2019.3 1.98000 3.10000 3.66667 4368.47900 12.12039 1434.68900
2019.4 1.57667 3.02667 3.70333 4456.56900 8.31324 1556.34800
2020.1 1.11000 2.91333 3.51333 5266.27400 94.98952 2405.19000
2020.2 0.14333 2.45667 3.23333 6004.37100 68.98816 2711.11300
2020.3 0.11333 2.23333 2.95000 6228.85200 15.81424 2684.15800
2020.4 0.09333 2.30333 2.76000 7403.28200 99.55615 2957.89900
2021.1 0.05000 2.73000 2.87667 7925.09600 31.31700 3638.87500
2021.2 0.02667 2.88333 3.00000 8337.04100 22.46997 3477.35100
2021.3 0.04667 2.55000 2.87000 8717.44300 19.53875 3850.13700
2021.4 0.05333 2.64667 3.08000 8956.56200 11.43173 3638.55000
2022.1 0.30667 3.20333 3.79333 9198.67000 11.25891 3596.14800
2022.2 1.07667 4.04333 5.24333 9436.67000 10.75795 2953.38200
2022.3 2.66333 4.24000 5.58000 9543.37800 4.60042 2870.62700
2022.4 4.04000 4.81000 6.69000 9262.20606 -11.27434 2870.62700
2023.1 5.00000 5.25773 7.23105 9351.16139 3.89735 2870.62700
2023.2 5.00000 5.42807 7.41461 9439.75943 3.84402 2870.62700
2023.3 5.00000 5.59842 7.50750 9527.69040 3.77837 2870.62700
2023.4 5.00000 5.75388 7.58903 9616.38949 3.77617 2870.62700
2024.1 5.00000 5.89612 7.66058 9707.58298 3.84755 2870.62700
2024.2 5.00000 6.02633 7.72338 9802.77348 3.98039 2870.62700
2024.3 5.00000 6.14555 7.77850 9903.26293 4.16393 2870.62700
2024.4 5.00000 6.25471 7.82687 10010.08909 4.38510 2870.62700
2025.1 5.00000 6.35466 7.86933 10124.02460 4.63115 2870.62700
2025.2 5.00000 6.44617 7.90659 10245.61700 4.89136 2870.62700
2025.3 5.00000 6.52997 7.93930 10375.25983 5.15828 2870.62700
2025.4 5.00000 6.60669 7.96800 10513.25468 5.42723 2870.62700
@
@ Unemployment Rate and Unemployment
@
PRINTVAR FIXEDF LEVELS UR100 U;
UR100 U
Level Level
2017.1 4.57007 7.31511
2017.2 4.36133 6.99604
2017.3 4.31921 6.95196
2017.4 4.17605 6.71157
2018.1 4.03290 6.50801
2018.2 3.93023 6.36162
2018.3 3.78859 6.13592
2018.4 3.82827 6.23306
2019.1 3.82980 6.25944
2019.2 3.63408 5.93414
2019.3 3.61279 5.93575
2019.4 3.59051 5.92766
2020.1 3.80147 6.26865
2020.2 12.98832 20.67402
2020.3 8.82036 14.24313
2020.4 6.76438 10.95576
2021.1 6.21121 10.03904
2021.2 5.90446 9.58844
2021.3 5.09990 8.31344
2021.4 4.20618 6.88507
2022.1 3.81358 6.25167
2022.2 3.63489 5.96400
2022.3 3.54918 5.83633
2022.4 3.59717 5.92500
2023.1 3.63821 6.00369
2023.2 3.80526 6.28964
2023.3 4.00136 6.62315
2023.4 4.16267 6.89872
2024.1 4.26199 7.07137
2024.2 4.29845 7.13973
2024.3 4.28074 7.11824
2024.4 4.22181 7.02844
2025.1 4.13516 6.89269
2025.2 4.03172 6.72912
2025.3 3.91935 6.55071
2025.4 3.80305 6.36573
@
@ Labor Force and Employment
@
PRINTVAR FIXEDF PCHANGES L1 L2 L3 LM JF E;
L1 L2 L3 LM JF E
%Change %Change %Change %Change %Change %Change
2017.1 0.78036 0.79277 4.18986 -24.01452 1.76855 2.88999
2017.2 -0.15298 2.04139 0.85683 -2.90837 1.71114 1.73192
2017.3 0.86408 1.08733 2.10159 -12.78579 1.12096 1.55187
2017.4 0.84805 -1.06909 -1.51358 62.48006 2.19263 0.01736
2018.1 2.57520 0.50295 1.67750 2.65392 2.53693 2.24046
2018.2 0.43810 0.49919 2.55107 0.14118 1.65917 1.64170
2018.3 -1.11389 1.89800 0.16997 7.19448 1.21956 0.81659
2018.4 1.44468 2.00576 2.86057 -2.55332 1.96891 1.95225
2019.1 2.43303 0.06177 1.87451 -15.42834 0.71453 1.52064
2019.2 -1.69385 -0.20048 0.79041 8.84771 0.72167 0.44627
2019.3 0.48254 1.60142 5.08591 -9.93432 2.26335 2.55577
2019.4 1.02136 4.04605 1.10177 -25.44436 0.57999 2.02501
2020.1 0.43073 -0.29692 -1.41605 -24.54698 -2.99625 -1.31963
2020.2 -8.84374 -11.61563 -18.53725 168.74359 -40.34140 -41.73320
2020.3 2.87710 2.57224 11.74008 -42.30875 26.19696 27.45988
2020.4 -0.42217 -0.05022 3.81220 -70.15530 6.64092 10.56265
2021.1 0.98115 1.48984 -4.29066 97.60749 4.11202 1.53351
2021.2 1.72392 1.07070 2.73021 47.67878 4.87112 3.22018
2021.3 1.67391 1.07357 1.75608 1.18666 5.26964 5.01217
2021.4 -0.17986 1.92926 3.20128 -28.95831 4.55300 5.50810
2022.1 1.30407 2.67991 -1.73685 55.66302 4.34495 2.23412
2022.2 0.33982 1.24629 -0.36732 73.70875 3.85688 1.09182
2022.3 0.00942 1.51977 1.19460 34.07015 2.66583 1.23982
2022.4 -0.36684 -1.27998 3.25820 33.23951 1.84383 0.45923
2023.1 0.36815 0.67056 1.13458 5.88680 0.83124 0.56575
2023.2 0.33509 0.55857 1.02529 4.13454 0.07491 -0.03832
2023.3 0.29911 0.44906 0.90348 2.42844 -0.25064 -0.24739
2023.4 0.27226 0.37318 0.79971 1.17155 -0.24473 -0.17395
2024.1 0.25871 0.33906 0.72666 0.46981 -0.05324 0.04069
2024.2 0.25751 0.34076 0.68437 0.25261 0.20075 0.28612
2024.3 0.26615 0.36866 0.66857 0.40409 0.46138 0.51697
2024.4 0.28149 0.41248 0.67300 0.79916 0.69417 0.70859
2025.1 0.30056 0.46323 0.69118 1.32514 0.88271 0.85231
2025.2 0.32108 0.51452 0.71790 1.89813 1.02830 0.95404
2025.3 0.34150 0.56242 0.74936 2.46288 1.13836 1.02362
2025.4 0.36092 0.60499 0.78315 2.98803 1.22213 1.07115
@
@ Profits and Productivity
@
PRINTVAR FIXEDF LEVELS PCHANGES PIEF PROD100 ;
PIEF PIEF PROD100 PROD100
Level %Change Level %Change
2017.1 325.41089 23.30315 6.79374 -99.00000
2017.2 324.65200 -0.92959 6.78757 -0.36278
2017.3 321.53600 -3.78427 6.86338 4.54302
2017.4 273.33500 -47.77691 6.88019 0.98372
2018.1 306.05900 57.19533 6.89820 1.05074
2018.2 317.56264 15.90362 6.91647 1.06353
2018.3 328.67700 14.75184 6.94216 1.49444
2018.4 327.59400 -1.31151 6.93178 -0.59662
2019.1 297.96600 -31.55794 6.98468 3.08751
2019.2 304.05600 8.42950 7.00533 1.18756
2019.3 299.16400 -6.28200 7.04190 2.10473
2019.4 331.78960 51.29123 7.08461 2.44825
2020.1 296.50570 -36.22050 7.08039 -0.23808
2020.2 289.82500 -8.71253 7.48086 24.61674
2020.3 440.40000 433.14564 7.54606 3.53228
2020.4 426.95529 -11.66346 7.44101 -5.45339
2021.1 493.09700 77.90978 7.49812 3.10586
2021.2 560.59600 67.05925 7.53341 1.89575
2021.3 548.60600 -8.28461 7.46817 -3.41904
2021.4 538.59900 -7.09909 7.52207 2.91790
2022.1 574.47900 29.42985 7.41662 -5.49034
2022.2 626.82900 41.74237 7.35530 -3.26673
2022.3 561.84868 -35.45224 7.37421 1.03256
2022.4 640.66489 69.06209 7.43773 3.49023
2023.1 624.13300 -9.92902 7.40947 -1.51109
2023.2 611.21078 -8.02804 7.39369 -0.84922
2023.3 611.23270 0.01434 7.39499 0.07060
2023.4 620.09079 5.92411 7.40872 0.74470
2024.1 634.20424 9.41968 7.42906 1.10227
2024.2 650.48641 10.67164 7.45140 1.20848
2024.3 668.50585 11.54958 7.47376 1.20563
2024.4 687.15115 11.63189 7.49501 1.14214
2025.1 705.45767 11.08993 7.51471 1.05578
2025.2 723.52151 10.64249 7.53305 0.97968
2025.3 741.67448 10.41995 7.55038 0.92344
2025.4 760.31047 10.43597 7.56709 0.88821
@
@ Some other endogenous variables
@
PRINTVAR FIXEDF LEVELS CG SRZ100 SR SGP SSP;
CG SRZ100 SR SGP SSP
Level Level Level Level Level
2017.1 1578.77700 7.28338 91.89300 -177.10000 -60.87500
2017.2 911.25100 7.78434 109.25300 -181.60000 -65.85000
2017.3 1150.17100 7.74930 94.03400 -184.92500 -57.87500
2017.4 1906.91800 7.07028 92.25500 -190.87500 -43.07500
2018.1 109.41900 7.39178 100.02200 -221.57500 -41.60000
2018.2 610.87700 7.47438 97.31400 -226.17500 -51.32500
2018.3 1327.76900 7.82713 121.03100 -220.10000 -52.05000
2018.4 -4450.26000 8.44770 127.38400 -239.40000 -54.02500
2019.1 4912.42800 9.58596 122.09400 -257.02500 -49.72500
2019.2 1091.32900 8.93208 120.49700 -263.05000 -39.22500
2019.3 -149.06200 8.91011 112.08800 -271.92500 -50.42500
2019.4 2786.81300 8.98728 104.80800 -260.27500 -55.42500
2020.1 -7599.40500 11.06287 108.43500 -272.57500 -49.20000
2020.2 5696.91200 27.08387 132.27000 -1347.12500 110.15000
2020.3 3230.57000 16.86638 166.92800 -843.12500 -29.85000
2020.4 6773.42300 14.06394 190.90000 -494.62500 -18.07500
2021.1 3062.52000 20.83965 198.17800 -1030.10000 -18.67500
2021.2 3530.93900 11.09468 212.00300 -845.67500 198.20000
2021.3 998.73600 9.33979 225.95400 -578.65000 36.05000
2021.4 2797.03400 7.46011 228.88300 -381.02500 8.65000
2022.1 -2382.84300 4.41319 279.37200 -232.22500 16.80000
2022.2 -7893.67500 3.27906 259.13700 -220.00000 -9.55000
2022.3 -1334.10000 2.78146 235.29000 -259.45000 -20.07500
2022.4 2539.00000 2.98557 214.05000 -279.13513 -46.05863
2023.1 686.49124 3.18283 219.50725 -298.92847 -50.53146
2023.2 697.11170 3.31078 221.84165 -318.37387 -55.35278
2023.3 707.29295 3.42572 222.05286 -337.42954 -59.94223
2023.4 717.03433 3.57316 221.33555 -355.59795 -64.26467
2024.1 726.52188 3.76496 220.40359 -372.78167 -68.38805
2024.2 735.97514 3.98998 219.50954 -389.09308 -72.41604
2024.3 745.58231 4.24085 218.70844 -404.72506 -76.39076
2024.4 755.49556 4.50641 217.95315 -419.82149 -80.37826
2025.1 765.83137 4.77616 217.14086 -434.56973 -84.43937
2025.2 776.67447 5.04373 216.15083 -449.13436 -88.60186
2025.3 788.08522 5.30504 214.87302 -463.61148 -92.88258
2025.4 800.10676 5.55796 213.21869 -478.05576 -97.29178
@
@ Selected exogenous variables
@
PRINTVAR FIXEDF PCHANGES COG COS EX TRGH PIM ;
COG COS EX TRGH PIM
%Change %Change %Change %Change %Change
2017.1 -2.17598 -2.82493 10.78431 6.09572 4.40336
2017.2 3.81370 -1.60478 1.33440 3.03016 0.38638
2017.3 -1.28520 -1.00933 2.37927 3.61286 0.24771
2017.4 7.47636 4.12530 10.80193 3.54045 4.93591
2018.1 3.62089 -1.15136 2.63968 9.28656 6.47772
2018.2 4.03741 4.72017 2.19008 2.90821 1.18769
2018.3 7.24967 1.95814 -5.17600 3.46437 0.63341
2018.4 4.46216 -2.35978 1.24040 4.06674 -2.00990
2019.1 7.13968 15.99884 4.75999 15.08258 -4.52354
2019.2 3.29802 9.55643 -2.29963 3.35439 2.23865
2019.3 6.14492 0.94328 -0.03263 2.73034 -4.15155
2019.4 2.21548 0.14074 0.75274 2.14014 -1.41986
2020.1 4.16658 8.45825 -15.30487 9.46455 -1.34989
2020.2 44.76589 16.40005 -60.86880 500.57931 -12.25085
2020.3 -17.51101 -14.71898 59.53216 -71.62329 8.08948
2020.4 4.24675 2.93055 24.15609 -17.64740 2.82499
2021.1 25.09388 1.14697 0.43498 881.52537 12.98677
2021.2 -9.77580 -3.10630 4.85787 -82.43468 12.75209
2021.3 -9.45727 1.33816 -1.06742 -6.18576 6.16645
2021.4 0.54147 -2.22352 23.51757 0.30619 6.30476
2022.1 -7.69597 -2.28119 -4.57429 -8.62437 13.55766
2022.2 -4.53690 -2.33975 13.77427 -1.62394 13.23811
2022.3 5.46414 5.60836 14.60125 -0.89576 -4.10807
2022.4 8.99804 2.59697 -1.32843 5.51536 -5.48333
2023.1 3.00000 3.00000 5.00000 7.15346 6.00000
2023.2 3.00000 3.00000 5.00000 6.89892 6.00000
2023.3 3.00000 3.00000 5.00000 6.64077 6.00000
2023.4 3.00000 3.00000 5.00000 6.48493 6.00000
2024.1 3.00000 3.00000 5.00000 6.44161 6.00000
2024.2 3.00000 3.00000 5.00000 6.48919 6.00000
2024.3 3.00000 3.00000 5.00000 6.61004 6.00000
2024.4 3.00000 3.00000 5.00000 6.78433 6.00000
2025.1 3.00000 3.00000 5.00000 6.99350 6.00000
2025.2 3.00000 3.00000 5.00000 7.22237 6.00000
2025.3 3.00000 3.00000 5.00000 7.46058 6.00000
2025.4 3.00000 3.00000 5.00000 7.70173 6.00000
@
@ Federal Government Budget
@
PRINTVAR FIXEDF LEVELS THG TCG IBTG SIG TRFG DG;
THG TCG IBTG SIG TRFG DG
Level Level Level Level Level Level
2017.1 395.00000 52.92500 33.20000 315.67500 16.32500 -32.10000
2017.2 400.02500 56.35000 34.37500 318.77500 10.70000 -26.87500
2017.3 405.80000 60.32500 34.55000 322.57500 10.82500 -23.57500
2017.4 412.27500 60.75000 35.42500 327.27500 10.95000 -21.15000
2018.1 399.27500 51.62500 39.45000 332.22500 13.30000 -19.60000
2018.2 401.75000 56.80000 40.95000 334.65000 11.35000 -17.75000
2018.3 406.37500 57.25000 42.82500 338.77500 15.87500 -21.27500
2018.4 407.52500 59.30000 48.42500 340.85000 9.67500 -20.37500
2019.1 421.92500 50.70000 45.75000 348.80000 8.97500 -16.00000
2019.2 423.15000 53.97500 44.95000 350.65000 9.62500 -18.77500
2019.3 425.15000 49.22500 46.17500 352.50000 13.65000 -13.40000
2019.4 431.60000 56.55000 46.30000 357.25000 8.87500 -15.65000
2020.1 437.90000 45.77500 48.72500 363.77500 9.35000 -18.87500
2020.2 402.55000 44.45000 34.47500 346.32500 9.82500 -20.82500
2020.3 430.52500 54.60000 38.47500 358.05000 11.10000 -25.42500
2020.4 459.45000 56.62500 40.00000 366.25000 11.87500 -21.90000
2021.1 491.35000 62.40000 40.65000 368.70000 10.60000 -21.25000
2021.2 517.97500 70.35000 46.10000 376.07500 10.25000 -27.17500
2021.3 539.70000 69.60000 46.37500 384.07500 9.97500 -30.12500
2021.4 558.80000 76.20000 49.42500 394.52500 9.80000 -30.70000
2022.1 641.02500 78.45000 53.57500 404.27500 9.27500 -34.45000
2022.2 649.65000 88.30000 55.65000 409.20000 11.45000 -29.92500
2022.3 658.60000 85.15000 54.32500 415.70000 8.85000 -14.25000
2022.4 663.70000 91.03987 51.90000 420.37500 11.07500 -3.07500
2023.1 671.44578 90.66270 52.48834 424.15702 11.07500 -3.07500
2023.2 678.27022 90.54565 53.03170 427.16246 11.07500 -3.07500
2023.3 684.81229 91.38463 53.55999 429.93140 11.07500 -3.07500
2023.4 691.67045 92.88254 54.08655 432.93811 11.07500 -3.07500
2024.1 699.13090 94.78365 54.62413 436.40420 11.07500 -3.07500
2024.2 707.26283 96.86760 55.18465 440.38283 11.07500 -3.07500
2024.3 716.12101 99.11119 55.77695 444.89449 11.07500 -3.07500
2024.4 725.69014 101.43866 56.40745 449.92131 11.07500 -3.07500
2025.1 735.93136 103.78355 57.08067 455.42596 11.07500 -3.07500
2025.2 746.82329 106.15718 57.79967 461.37885 11.07500 -3.07500
2025.3 758.35173 108.58747 58.56649 467.75982 11.07500 -3.07500
2025.4 770.51256 111.10641 59.38259 474.55870 11.07500 -3.07500
PRINTVAR FIXEDF LEVELS PUG TRGH TRGR TRGS INTG IGZ;
PUG TRGH TRGR TRGS INTG IGZ
Level Level Level Level Level Level
2017.1 311.57500 503.95000 3.95000 140.70000 107.92500 68.22500
2017.2 314.27500 507.72500 8.65000 135.60000 110.52500 69.60000
2017.3 315.15000 512.25000 8.97500 140.72500 112.95000 69.90000
2017.4 321.40000 516.72500 11.62500 143.40000 115.50000 72.15000
2018.1 326.50000 528.32500 9.62500 145.30000 118.35000 72.85000
2018.2 331.57500 532.12500 9.57500 144.87500 124.07500 73.95000
2018.3 337.80000 536.67500 7.92500 145.42500 128.90000 75.45000
2018.4 342.07500 542.05000 11.35000 146.95000 133.90000 77.72500
2019.1 348.25000 561.42500 10.37500 148.10000 136.57500 80.70000
2019.2 351.30000 566.07500 9.52500 153.87500 138.50000 77.17500
2019.3 356.42500 569.90000 9.72500 152.60000 136.47500 80.55000
2019.4 359.42500 572.92500 11.02500 154.37500 133.02500 82.17500
2020.1 363.90000 586.02500 12.10000 159.65000 128.82500 83.60000
2020.2 390.00000 917.40000 15.95000 348.75000 125.20000 87.22500
2020.3 381.32500 669.57500 16.47500 184.27500 124.10000 89.47500
2020.4 385.32500 637.85000 12.20000 186.20000 127.45000 90.65000
2021.1 405.07500 1129.00000 15.50000 196.27500 132.77500 89.10000
2021.2 402.00000 730.90000 12.60000 413.42500 139.12500 89.75000
2021.3 398.87500 719.32500 19.12500 271.25000 143.97500 91.22500
2021.4 403.20000 719.87500 12.65000 231.17500 145.62500 92.27500
2022.1 403.27500 703.82500 15.27500 235.00000 145.82500 92.40000
2022.2 405.67500 700.95000 16.85000 240.12500 157.57500 93.60000
2022.3 414.27500 699.37500 25.85000 238.35000 178.80000 94.72500
2022.4 423.47500 708.82500 16.80000 229.52500 206.97500 97.32500
2023.1 429.89653 721.17486 16.80000 231.80470 217.25192 99.02069
2023.2 436.19214 733.30375 16.80000 233.96789 228.03116 100.68605
2023.3 442.36082 745.18606 16.80000 236.00857 239.30495 102.31754
2023.4 448.47422 756.98410 16.80000 237.98002 251.09973 103.93747
2024.1 454.63333 768.89072 16.80000 239.94354 263.25427 105.57230
2024.2 460.93578 781.07187 16.80000 241.95028 275.50290 107.24483
2024.3 467.45817 793.67103 16.80000 244.04300 287.85626 108.97476
2024.4 474.25959 806.80282 16.80000 246.25436 300.16511 110.77781
2025.1 481.38354 820.55322 16.80000 248.60735 312.33797 112.66581
2025.2 488.86151 834.98390 16.80000 251.11694 324.40320 114.64721
2025.3 496.71629 850.13989 16.80000 253.79262 336.38138 116.72820
2025.4 504.96522 866.05619 16.80000 256.64060 348.29259 118.91358
@
@ State and Local Government Budget
@
PRINTVAR FIXEDF LEVELS THS TCS IBTS SIS TRGS DS;
THS TCS IBTS SIS TRGS DS
Level Level Level Level Level Level
2017.1 106.02500 13.92500 305.77500 4.95000 140.70000 -1.42500
2017.2 102.97500 13.65000 308.90000 4.95000 135.60000 -1.45000
2017.3 107.90000 13.52500 313.77500 4.95000 140.72500 -1.50000
2017.4 118.62500 13.52500 318.27500 5.00000 143.40000 -1.47500
2018.1 118.92500 13.95000 322.10000 5.05000 145.30000 -1.45000
2018.2 112.67500 15.27500 325.55000 5.10000 144.87500 -1.52500
2018.3 115.12500 15.32500 329.45000 5.15000 145.42500 -1.52500
2018.4 113.22500 15.82500 332.15000 5.15000 146.95000 -1.47500
2019.1 118.12500 18.40000 335.47500 5.20000 148.10000 -1.62500
2019.2 132.25000 18.62500 339.17500 5.20000 153.87500 -1.62500
2019.3 123.80000 18.35000 346.27500 5.17500 152.60000 -1.57500
2019.4 122.40000 18.02500 346.10000 5.17500 154.37500 -1.67500
2020.1 124.37500 16.92500 347.70000 5.17500 159.65000 -1.60000
2020.2 122.00000 16.25000 326.30000 4.95000 348.75000 -1.55000
2020.3 128.85000 20.22500 352.20000 5.12500 184.27500 -1.45000
2020.4 130.72500 21.20000 355.70000 5.32500 186.20000 -1.55000
2021.1 135.90000 22.00000 359.62500 5.50000 196.27500 -1.55000
2021.2 141.65000 22.57500 377.75000 5.67500 413.42500 -1.52500
2021.3 133.60000 23.60000 378.70000 5.80000 271.25000 -1.50000
2021.4 142.70000 27.62500 384.35000 5.85000 231.17500 -1.60000
2022.1 145.32500 41.47500 389.87500 5.85000 235.00000 -1.70000
2022.2 147.45000 27.45000 394.47500 5.90000 240.12500 -1.60000
2022.3 148.70000 25.17500 398.55000 5.97500 238.35000 -1.55000
2022.4 147.12500 26.91637 401.17500 6.12500 229.52500 -1.57500
2023.1 148.84204 26.67686 405.72272 6.15357 231.80470 -1.57500
2023.2 150.35484 26.51834 409.92280 6.18241 233.96789 -1.57500
2023.3 151.80504 26.64705 414.00631 6.21155 236.00857 -1.57500
2023.4 153.32532 26.97226 418.07655 6.24097 237.98002 -1.57500
2024.1 154.97911 27.41486 422.23190 6.27068 239.94354 -1.57500
2024.2 156.78175 27.90666 426.56459 6.30068 241.95028 -1.57500
2024.3 158.74537 28.43815 431.14290 6.33097 244.04300 -1.57500
2024.4 160.86660 28.98478 436.01656 6.36157 246.25436 -1.57500
2025.1 163.13681 29.52525 441.22036 6.39247 248.60735 -1.57500
2025.2 165.55127 30.06169 446.77805 6.42367 251.11694 -1.57500
2025.3 168.10682 30.60146 452.70544 6.45518 253.79262 -1.57500
2025.4 170.80256 31.15327 459.01368 6.48700 256.64060 -1.57500
PRINTVAR FIXEDF LEVELS PUS TRSH UB INTS SUBS ISZ;
PUS TRSH UB INTS SUBS ISZ
Level Level Level Level Level Level
2017.1 527.25000 156.65000 7.82500 55.47500 1.82500 94.87500
2017.2 528.55000 155.77500 7.40000 55.42500 2.10000 95.85000
2017.3 533.62500 159.45000 7.40000 54.85000 2.15000 97.12500
2017.4 543.02500 157.95000 7.57500 53.87500 2.00000 100.55000
2018.1 549.35000 159.47500 7.42500 52.35000 1.65000 101.17500
2018.2 558.85000 162.20000 6.75000 51.67500 1.67500 104.50000
2018.3 565.60000 163.02500 6.62500 51.90000 1.95000 104.62500
2018.4 567.00000 161.77500 6.95000 52.97500 2.57500 101.55000
2019.1 573.82500 164.17500 7.35000 55.00000 3.42500 105.70000
2019.2 584.80000 168.50000 6.72500 56.12500 3.67500 109.00000
2019.3 589.85000 171.07500 6.60000 56.32500 3.17500 108.12500
2019.4 596.05000 171.30000 6.92500 55.57500 1.97500 107.70000
2020.1 606.85000 168.77500 10.17500 53.90000 0.80000 111.80000
2020.2 597.95000 181.72500 251.87500 52.52500 0.55000 109.30000
2020.3 599.40000 191.52500 198.22500 51.62500 1.15000 107.95000
2020.4 604.12500 188.75000 77.12500 50.95000 -0.62500 110.50000
2021.1 617.10000 195.57500 139.05000 50.67500 1.02500 110.42500
2021.2 629.10000 205.97500 112.15000 50.12500 2.65000 109.50000
2021.3 646.90000 207.75000 61.27500 49.25000 -0.12500 111.27500
2021.4 658.47500 206.72500 8.45000 48.15000 -0.95000 113.45000
2022.1 674.55000 211.17500 5.90000 46.90000 -0.75000 114.92500
2022.2 697.50000 217.85000 4.65000 45.50000 -0.30000 116.10000
2022.3 709.00000 222.67500 4.62500 44.10000 0.45000 122.50000
2022.4 718.52500 235.20000 5.10000 43.07500 1.65000 125.00000
2023.1 728.51222 239.29789 7.00000 43.07500 1.65000 126.24153
2023.2 738.27078 243.32246 7.00000 43.07500 1.65000 127.41961
2023.3 747.79851 247.26521 7.00000 43.07500 1.65000 128.53097
2023.4 757.23393 251.18000 7.00000 43.07500 1.65000 129.60463
2024.1 766.75840 255.13081 7.00000 43.07500 1.65000 130.67397
2024.2 776.53892 259.17272 7.00000 43.07500 1.65000 131.76684
2024.3 786.70697 263.35333 7.00000 43.07500 1.65000 132.90655
2024.4 797.36280 267.71068 7.00000 43.07500 1.65000 134.11086
2025.1 808.57909 272.27329 7.00000 43.07500 1.65000 135.39231
2025.2 820.40744 277.06164 7.00000 43.07500 1.65000 136.75903
2025.3 832.88441 282.09065 7.00000 43.07500 1.65000 138.21622
2025.4 846.03719 287.37194 7.00000 43.07500 1.65000 139.76724
@
@ Financial Saving of the Six Sectors
@
PRINTVAR FIXEDF LEVELS SH SF SB SR SG SS;
SH SF SB SR SG SS
Level Level Level Level Level Level
2017.1 189.78900 18.35400 -5.84700 91.89300 -190.28900 -75.49900
2017.2 202.66000 5.89800 1.10000 109.25300 -197.94100 -80.41900
2017.3 234.82700 22.31500 -46.43300 94.03400 -205.83600 -73.75600
2017.4 179.48600 -215.47100 -5.47400 92.25500 27.13800 -62.03400
2018.1 196.34500 21.96400 5.27600 100.02200 -237.64500 -60.56200
2018.2 201.63000 4.30100 14.02800 97.31400 -242.44200 -72.35500
2018.3 224.29900 -22.24800 15.55100 121.03100 -236.13900 -70.64300
2018.4 261.95100 -8.26100 -6.36000 127.38400 -256.70100 -69.08900
2019.1 303.33100 -26.11100 -9.27900 122.09400 -274.08600 -69.39800
2019.2 279.87400 -14.66000 -18.82800 120.49700 -279.01000 -60.32300
2019.3 281.06700 -16.03200 -15.37200 112.08800 -290.97600 -69.67400
2019.4 287.58300 32.14400 -29.29000 104.80800 -296.54100 -73.73000
2020.1 369.44800 -15.55900 -10.07700 108.43500 -297.80000 -70.24800
2020.2 1165.71300 53.04700 -7.25800 132.27000 -1373.95500 92.93400
2020.3 643.67000 61.93100 -9.11900 166.92800 -868.87400 -44.91000
2020.4 491.12100 -5.42400 -5.65400 190.90000 -521.82900 -35.73900
2021.1 936.30000 59.79000 6.71600 198.17800 -1108.88300 -34.95100
2021.2 382.27000 88.51500 4.10600 212.00300 -867.25000 185.10500
2021.3 318.42400 76.59900 -15.10000 225.95400 -598.85000 24.97300
2021.4 214.71500 -9.92300 3.26700 228.88300 -402.86500 -4.45200
2022.1 74.44500 -120.70800 -0.26500 279.37200 -170.77600 5.73200
2022.2 39.57200 5.10000 -8.90900 259.13700 -327.23600 98.18800
2022.3 64.37400 77.21800 -47.80400 235.29000 -284.39000 -15.98700
2022.4 80.05120 118.71340 -48.70476 214.05000 -285.17221 -50.23763
2023.1 113.61282 105.37261 -49.92799 219.50725 -305.33915 -54.52555
2023.2 140.28325 102.02261 -51.14970 221.84165 -325.16219 -59.13562
2023.3 161.07589 106.02824 -52.37058 222.05286 -344.59900 -63.48741
2023.4 179.41173 112.25354 -53.59394 221.33555 -363.15400 -67.55288
2024.1 197.37610 117.88920 -54.82894 220.40359 -380.73235 -71.40761
2024.2 215.41318 122.47447 -56.08716 219.50954 -397.44887 -75.16116
2024.3 233.83733 125.89054 -57.37732 218.70844 -413.49878 -78.86021
2024.4 252.56115 128.49401 -58.70650 217.95315 -429.02799 -82.57382
2025.1 271.37124 130.85842 -60.08037 217.14086 -444.22564 -86.36451
2025.2 290.14777 133.42344 -61.50359 216.15083 -459.25779 -90.26066
2025.3 308.81096 136.49682 -62.98000 214.87302 -474.22181 -94.27899
2025.4 327.32790 140.26909 -64.51287 213.21869 -489.17355 -98.42926
PRINTVAR FIXEDF LEVELS GDPR GDPD PCGDPR;
GDPR GDPD PCGDPR
Level Level Level
2017.1 4472.30000 1.06987 1.73126
2017.2 4494.80000 1.07371 2.02762
2017.3 4532.02500 1.07909 3.35410
2017.4 4577.57500 1.08653 4.08129
2018.1 4609.30000 1.09320 2.80116
2018.2 4641.45000 1.10176 2.81934
2018.3 4674.92500 1.10629 2.91623
2018.4 4683.42500 1.11132 0.72927
2019.1 4708.87500 1.11562 2.19140
2019.2 4740.55000 1.12184 2.71793
2019.3 4782.75000 1.12549 3.60860
2019.4 4803.95000 1.12912 1.78486
2020.1 4747.47500 1.13305 -4.62011
2020.2 4344.70000 1.12993 -29.85634
2020.3 4685.95000 1.13970 35.31671
2020.4 4731.10000 1.14765 3.91014
2021.1 4804.07500 1.16120 6.31404
2021.2 4886.07500 1.17922 7.00434
2021.3 4918.17500 1.19711 2.65389
2021.4 5001.55000 1.21708 6.95536
2022.1 4981.05000 1.24173 -1.62944
2022.2 4973.85000 1.26906 -0.57694
2022.3 5013.67500 1.28162 3.24142
2022.4 5049.55000 1.29380 2.89304
2023.1 5040.90225 1.30665 -0.68327
2023.2 5030.89600 1.31884 -0.79164
2023.3 5029.99714 1.33035 -0.07145
2023.4 5039.23662 1.34146 0.73678
2024.1 5056.44836 1.35253 1.37323
2024.2 5078.67761 1.36384 1.77012
2024.3 5104.33440 1.37563 2.03611
2024.4 5132.06264 1.38810 2.19069
2025.1 5160.85092 1.40136 2.26275
2025.2 5190.23224 1.41551 2.29677
2025.3 5220.01210 1.43059 2.31490
2025.4 5250.16061 1.44665 2.33032
@QUIT;
SMPL 1954.1 2025.4;
Sample period is now 1954.1 to 2025.4 Internally: 9 to 296
PRINTVAR FIXEDF LEVELS PCGDPR UR PCPF PCGDPR4 PCPF4;
PCGDPR UR PCPF PCGDPR4 PCPF4
Level Level Level Level Level
1954.1 -1.92263 0.05234 -1.52375 -1.78175 0.17770
1954.2 0.43821 0.05783 2.64576 -2.43329 0.66810
1954.3 4.61360 0.05970 -0.79456 -0.76886 -0.09905
1954.4 8.05517 0.05361 2.57732 2.72482 0.70820
1955.1 11.92776 0.04711 1.08789 6.17386 1.36937
1955.2 6.65315 0.04380 2.00358 7.77954 1.21045
1955.3 5.52167 0.04110 6.46455 8.01267 3.01317
1955.4 2.40798 0.04209 3.21680 6.57289 3.17334
1956.1 -1.52705 0.04031 1.27173 3.21469 3.22022
1956.2 3.33090 0.04191 3.43845 2.40134 3.58131
1956.3 -0.35452 0.04129 4.23518 0.94496 3.03475
1956.4 6.76580 0.04101 2.99453 2.00213 2.97924
1957.1 2.57894 0.03947 5.18488 3.04918 3.95993
1957.2 -0.89203 0.04063 1.05301 1.97979 3.35530
1957.3 3.98097 0.04207 2.86034 3.07140 3.01280
1957.4 -4.04726 0.04923 -0.71123 0.35627 2.07342
1958.1 -9.99725 0.06275 -5.45809 -2.87212 -0.61281
1958.2 2.63893 0.07360 -1.53041 -2.01834 -1.25420
1958.3 9.59138 0.07309 0.90116 -0.72260 -1.72780
1958.4 9.69579 0.06353 0.71978 2.65582 -1.37561
1959.1 7.89687 0.05799 2.96017 7.41670 0.75012
1959.2 9.32339 0.05105 2.78457 9.12445 1.83616
1959.3 0.28832 0.05287 2.16209 6.73099 2.15283
1959.4 1.14355 0.05593 -0.87939 4.58698 1.74491
1960.1 9.29093 0.05160 2.26072 4.92318 1.57167
1960.2 -2.13055 0.05226 2.50681 2.05985 1.50299
1960.3 1.97757 0.05550 -0.21549 2.48694 0.90720
1960.4 -5.04187 0.06252 -0.13985 0.88277 1.09490
1961.1 2.73627 0.06773 -3.08496 -0.66508 -0.25301
1961.2 6.96865 0.06972 1.58114 1.56739 -0.47896
1961.3 7.89419 0.06749 1.00516 3.00958 -0.17599
1961.4 8.08030 0.06172 0.89957 6.39745 0.08276
1962.1 7.30627 0.05614 2.05062 7.56143 1.38306
1962.2 3.67004 0.05483 2.95654 6.72244 1.72451
1962.3 5.00366 0.05539 0.45544 6.00036 1.58582
1962.4 1.33727 0.05506 -0.27529 4.30689 1.28881
1963.1 4.44075 0.05779 2.06110 3.60345 1.29141
1963.2 4.55149 0.05681 1.43178 3.82297 0.91428
1963.3 9.08095 0.05494 -0.51875 4.81648 0.66872
1963.4 2.66110 0.05573 2.03786 5.15714 1.24748
1964.1 8.69536 0.05458 2.68216 6.21210 1.40116
1964.2 4.43112 0.05220 2.06060 6.18152 1.55795
1964.3 6.40104 0.04990 3.66289 5.52326 2.60876
1964.4 1.23907 0.04954 -0.22224 5.15592 2.03579
1965.1 10.04279 0.04872 2.80841 5.48031 2.06714
1965.2 5.14433 0.04655 3.15953 5.65994 2.34079
1965.3 9.19237 0.04352 3.00672 6.34620 2.17845
1965.4 9.53457 0.04102 4.15578 8.46078 3.28131
1966.1 10.09962 0.03848 3.39551 8.47478 3.42844
1966.2 1.38599 0.03808 4.81500 7.49217 3.84092
1966.3 3.41486 0.03751 4.84790 6.04116 4.30186
1966.4 3.32163 0.03683 4.37313 4.50438 4.35623
1967.1 3.58612 0.03810 0.06248 2.92323 3.50487
1967.2 0.26467 0.03807 2.39148 2.63747 2.90131
1967.3 3.83245 0.03785 1.42547 2.74092 2.05111
1967.4 3.05335 0.03916 2.91314 2.67417 1.69234
1968.1 8.40156 0.03728 5.83451 3.84717 3.12816
1968.2 6.85749 0.03538 4.19834 5.51372 3.58014
1968.3 3.13311 0.03511 3.48340 5.33560 4.10160
1968.4 1.58317 0.03392 4.79303 4.95789 4.57378
1969.1 6.41112 0.03377 4.24110 4.47273 4.17793
1969.2 1.22415 0.03425 6.31410 3.06774 4.70279
1969.3 2.65831 0.03591 4.12311 2.94891 4.86422
1969.4 -1.93300 0.03582 4.52172 2.04625 4.79628
1970.1 -0.58894 0.04160 2.52135 0.32495 4.36136
1970.2 0.55990 0.04747 6.70857 0.15996 4.45803
1970.3 3.74692 0.05169 0.96364 0.42444 3.65644
1970.4 -4.21810 0.05803 1.72353 -0.16575 2.95561
1971.1 11.31111 0.05914 6.21626 2.69647 3.87097
1971.2 2.18604 0.05908 4.87014 3.10914 3.42066
1971.3 3.32667 0.05983 3.78109 3.00457 4.13474
1971.4 0.95236 0.05954 1.75968 4.36737 4.14399
1972.1 7.56198 0.05768 7.45452 3.47723 4.44619
1972.2 9.38888 0.05659 1.37481 5.25439 3.56480
1972.3 3.83144 0.05584 3.57110 5.38270 3.51237
1972.4 6.86467 0.05304 3.64539 6.89287 3.98862
1973.1 10.27598 0.04951 7.09856 7.56086 3.90239
1973.2 4.42854 0.04890 5.71577 6.32020 4.99727
1973.3 -2.09277 0.04793 7.15397 4.77008 5.89377
1973.4 3.85173 0.04769 5.22187 4.02367 6.29416
1974.1 -3.38964 0.05085 13.32575 0.63936 7.80668
1974.2 0.95369 0.05162 13.27112 -0.20849 9.68330
1974.3 -3.72496 0.05584 12.98655 -0.62701 11.14633
1974.4 -1.55060 0.06556 10.37995 -1.94536 12.48411
1975.1 -4.78009 0.08218 12.18652 -2.30008 12.20034
1975.2 2.89121 0.08829 4.90627 -1.83465 10.06893
1975.3 7.02401 0.08468 5.51312 0.79758 8.20185
1975.4 5.49746 0.08260 6.66181 2.55511 7.27892
1976.1 9.29474 0.07723 6.67647 6.15127 5.93668
1976.2 2.96459 0.07527 4.61838 6.17019 5.86393
1976.3 2.22163 0.07700 6.43044 4.95859 6.09328
1976.4 2.93334 0.07733 6.75448 4.31494 6.11632
1977.1 4.80790 0.07493 6.49911 3.22745 6.07218
1977.2 8.00840 0.07105 8.42486 4.46904 7.02413
1977.3 7.40827 0.06864 7.54671 5.76971 7.30366
1977.4 0.01267 0.06612 5.20042 5.01131 6.91099
1978.1 1.28591 0.06327 5.25290 4.11776 6.59685
1978.2 16.37216 0.05999 12.59835 6.07737 7.60815
1978.3 4.08634 0.06021 9.54130 5.24749 8.10365
1978.4 5.47871 0.05884 10.52045 6.65695 9.44518
1979.1 0.72665 0.05878 6.67987 6.50942 9.81426
1979.2 0.42759 0.05714 10.41955 2.65710 9.27913
1979.3 3.00663 0.05868 11.13345 2.38984 9.67407
1979.4 1.00915 0.05940 8.12798 1.28750 9.07566
1980.1 1.25500 0.06297 11.31560 1.42006 10.24178
1980.2 -7.99187 0.07324 9.67369 -0.77591 10.05514
1980.3 -0.47074 0.07681 9.41264 -1.62414 9.62662
1980.4 7.66964 0.07399 8.57628 -0.04105 9.74007
1981.1 8.07160 0.07427 10.00310 1.60041 9.41515
1981.2 -2.93062 0.07399 7.72065 2.96971 8.92475
1981.3 4.87508 0.07417 10.40711 4.32535 9.17142
1981.4 -4.28866 0.08241 6.98761 1.29952 8.76987
1982.1 -6.07111 0.08844 6.36959 -2.19089 7.86033
1982.2 1.84222 0.09426 5.02310 -1.01014 7.17863
1982.3 -1.52553 0.09943 2.27789 -2.55635 5.14882
1982.4 0.16471 0.10677 3.83032 -1.44212 4.36433
1983.1 5.37623 0.10397 0.86709 1.43252 2.98763
1983.2 9.42162 0.10102 2.64441 3.26926 2.39947
1983.3 8.23287 0.09360 5.97718 5.73772 3.31309
1983.4 8.60416 0.08542 3.49929 7.89787 3.23064
1984.1 8.05896 0.07872 1.04897 8.57814 3.27715
1984.2 7.09345 0.07479 4.72576 7.99592 3.79676
1984.3 3.91570 0.07452 4.10887 6.90249 3.33623
1984.4 3.31699 0.07283 2.91028 5.57696 3.18890
1985.1 3.93073 0.07280 5.17785 4.55383 4.22720
1985.2 3.56690 0.07289 2.09185 3.68226 3.56559
1985.3 6.24912 0.07211 3.87562 4.25947 3.50753
1985.4 3.01146 0.07054 0.48463 4.18230 2.89213
1986.1 3.78601 0.07016 2.44536 4.14602 2.21724
1986.2 1.81755 0.07180 0.55693 3.70342 1.83086
1986.3 3.87908 0.06991 2.22011 3.12021 1.42268
1986.4 2.17008 0.06835 1.89418 2.90899 1.77650
1987.1 3.01667 0.06621 -0.50318 2.71775 1.03614
1987.2 4.37795 0.06281 3.38893 3.35751 1.74012
1987.3 3.51352 0.06014 4.37755 3.26646 2.27275
1987.4 7.04620 0.05869 1.64684 4.47711 2.21063
1988.1 2.08388 0.05728 3.93293 4.23980 3.33133
1988.2 5.36438 0.05487 4.84330 4.48521 3.69282
1988.3 2.36314 0.05492 4.25464 4.19370 3.66228
1988.4 5.43496 0.05350 5.55420 3.79939 4.64445
1989.1 4.13100 0.05215 1.66421 4.31590 4.06865
1989.2 3.08762 0.05244 5.83073 3.74775 4.31282
1989.3 2.99710 0.05277 4.03298 3.90801 4.25733
1989.4 0.78980 0.05374 1.40093 2.74413 3.21628
1990.1 4.44667 0.05300 4.16548 2.82191 3.84537
1990.2 1.45593 0.05337 3.55141 2.41261 3.28166
1990.3 0.27267 0.05687 3.52817 1.72854 3.15614
1990.4 -3.59550 0.06114 2.69252 0.60348 3.48306
1991.1 -1.85837 0.06574 2.62583 -0.95042 3.09854
1991.2 3.15902 0.06823 1.99593 -0.53734 2.70917
1991.3 2.03075 0.06853 2.02632 -0.10420 2.33463
1991.4 1.40385 0.07097 0.39488 1.16645 1.75736
1992.1 4.87253 0.07379 1.53192 2.85813 1.48510
1992.2 4.41490 0.07595 2.41287 3.16976 1.58866
1992.3 4.00742 0.07626 2.27174 3.66586 1.64970
1992.4 4.23858 0.07406 3.72979 4.38288 2.48353
1993.1 0.66828 0.07150 3.32731 3.32062 2.93361
1993.2 2.34969 0.07069 2.53766 2.80589 2.96495
1993.3 1.92200 0.06800 0.74843 2.28664 2.57938
1993.4 5.54856 0.06619 2.49130 2.60650 2.27181
1994.1 3.93911 0.06556 1.73329 3.42998 1.87507
1994.2 5.53335 0.06166 1.79836 4.22508 1.69095
1994.3 2.35861 0.06001 2.86319 4.33652 2.22043
1994.4 4.65886 0.05619 3.80504 4.11595 2.54644
1995.1 1.43063 0.05478 2.59505 3.48200 2.76291
1995.2 1.19581 0.05675 2.61134 2.40190 2.96747
1995.3 3.44575 0.05658 2.19891 2.67272 2.80083
1995.4 2.74529 0.05572 1.64988 2.20015 2.26305
1996.1 3.03082 0.05545 1.58080 2.60087 2.00936
1996.2 6.84251 0.05470 2.30293 4.00314 1.93263
1996.3 3.63218 0.05259 2.72553 4.04996 2.06369
1996.4 4.22235 0.05310 2.24692 4.42192 2.21322
1997.1 2.60636 0.05224 2.46637 4.31421 2.43527
1997.2 6.81677 0.04975 2.65623 4.30792 2.52359
1997.3 5.09480 0.04858 2.20586 4.67403 2.39369
1997.4 3.47909 0.04681 1.34525 4.48691 2.16720
1998.1 4.05945 0.04638 0.64175 4.85489 1.70930
1998.2 3.75447 0.04414 1.86571 4.09516 1.51293
1998.3 5.10604 0.04529 1.79498 4.09794 1.41075
1998.4 6.62158 0.04430 1.81200 4.87942 1.52731
1999.1 3.82773 0.04284 0.61661 4.82099 1.52097
1999.2 3.38440 0.04248 3.06585 4.72739 1.81868
1999.3 5.40242 0.04243 1.57653 4.80114 1.76401
1999.4 6.73131 0.04078 1.91748 4.82810 1.79035
2000.1 1.46669 0.04049 4.22709 4.22700 2.69147
2000.2 7.48370 0.03948 2.02579 5.24516 2.43141
2000.3 0.39844 0.04030 3.08687 3.97315 2.81007
2000.4 2.39996 0.03918 1.71051 2.90186 2.75783
2001.1 -1.29360 0.04230 2.24660 2.19477 2.26617
2001.2 2.51367 0.04411 1.93962 0.99235 2.24457
2001.3 -1.59619 0.04819 0.43801 0.48696 1.58134
2001.4 1.11574 0.05537 1.85770 0.17041 1.61807
2002.1 3.35339 0.05705 -0.70341 1.32913 0.87704
2002.2 2.48344 0.05846 2.73705 1.32166 1.07374
2002.3 1.62737 0.05732 1.11246 2.14144 1.24300
2002.4 0.52424 0.05852 1.26182 1.99173 1.09460
2003.1 2.07957 0.05874 1.80255 1.67601 1.72649
2003.2 3.62251 0.06152 1.54706 1.95737 1.43063
2003.3 6.83769 0.06107 2.00450 3.23978 1.65360
2003.4 4.69604 0.05821 1.99751 4.29462 1.83773
2004.1 2.30968 0.05688 2.21577 4.35335 1.94092
2004.2 3.15220 0.05595 2.69635 4.23474 2.22814
2004.3 3.82093 0.05441 3.53326 3.49100 2.60903
2004.4 4.15225 0.05397 3.40880 3.35636 2.96215
2005.1 4.51665 0.05292 2.93772 3.90929 3.14347
2005.2 1.95899 0.05116 3.01137 3.60748 3.22248
2005.3 3.18016 0.04976 4.43440 3.44725 3.44636
2005.4 2.29274 0.04965 3.02300 2.98240 3.34974
2006.1 5.50321 0.04732 3.17290 3.22456 3.40871
2006.2 0.98498 0.04668 3.84582 2.97715 3.61750
2006.3 0.60603 0.04656 2.06938 2.32878 3.02582
2006.4 3.41708 0.04468 1.00070 2.60882 2.51647
2007.1 1.17923 0.04537 3.47235 1.54092 2.59077
2007.2 2.57769 0.04509 2.51857 1.93895 2.26138
2007.3 2.43040 0.04671 1.29015 2.39797 2.06565
2007.4 2.46250 0.04814 1.13001 2.16086 2.09831
2008.1 -1.61878 0.05005 1.64463 1.44712 1.64443
2008.2 2.30975 0.05344 1.43430 1.38081 1.37460
2008.3 -2.09068 0.06033 3.56640 0.24311 1.93940
2008.4 -8.45157 0.06896 0.18361 -2.54008 1.70006
2009.1 -4.58116 0.08323 1.05181 -3.28218 1.55145
2009.2 -0.68039 0.09312 -1.27564 -3.99673 0.86628
2009.3 1.45894 0.09635 0.48718 -3.13819 0.10804
2009.4 4.34054 0.09945 0.47771 0.08134 0.18143
2010.1 2.01516 0.09858 0.79018 1.76789 0.11652
2010.2 3.92552 0.09679 1.63489 2.92777 0.84639
2010.3 3.12722 0.09495 1.19594 3.34829 1.02375
2010.4 2.09689 0.09548 2.29797 2.78818 1.47821
2011.1 -0.95808 0.09055 1.17555 2.03091 1.57507
2011.2 2.73917 0.09089 2.89922 1.73848 1.88950
2011.3 -0.15611 0.09021 2.41595 0.91885 2.19522
2011.4 4.56229 0.08670 1.00463 1.52265 1.87066
2012.1 3.31292 0.08266 2.47470 2.59987 2.19612
2012.2 1.83449 0.08184 1.97666 2.37326 1.96628
2012.3 0.70075 0.08014 2.72257 2.59220 2.04251
2012.4 0.44047 0.07811 0.91735 1.56586 2.02046
2013.1 3.52039 0.07752 0.48208 1.61681 1.52086
2013.2 0.55829 0.07540 1.28561 1.29694 1.34843
2013.3 3.20338 0.07262 2.31541 1.92051 1.24785
2013.4 2.87721 0.06955 2.93904 2.53313 1.75116
2014.1 -1.39515 0.06630 1.41649 1.29367 1.98689
2014.2 5.23474 0.06222 2.03528 2.45133 2.17509
2014.3 4.74174 0.06086 2.30753 2.83101 2.17312
2014.4 1.81003 0.05716 0.01872 2.56329 1.44063
2015.1 3.29047 0.05530 0.65070 3.76059 1.24860
2015.2 2.34197 0.05435 2.59210 3.04006 1.38645
2015.3 1.29966 0.05112 1.26074 2.18288 1.12610
2015.4 0.58624 0.05043 -0.11310 1.87442 1.09277
2016.1 2.37795 0.04893 0.21167 1.64867 0.98235
2016.2 1.21698 0.04921 3.11007 1.36817 1.10957
2016.3 2.42372 0.04887 1.15957 1.64821 1.08430
2016.4 2.00308 0.04781 2.44928 2.00428 1.72643
2017.1 1.73126 0.04570 1.95170 1.84282 2.16517
2017.2 2.02762 0.04361 0.93749 2.04612 1.62270
2017.3 3.35410 0.04319 1.80305 2.27707 1.78392
2017.4 4.08129 0.04176 2.39560 2.79409 1.77058
2018.1 2.80116 0.04033 2.27423 3.06330 1.85098
2018.2 2.81934 0.03930 3.18848 3.26266 2.41413
2018.3 2.91623 0.03789 1.58780 3.15312 2.35995
2018.4 0.72927 0.03828 1.12186 2.31236 2.04013
2019.1 2.19140 0.03830 1.51729 2.16031 1.85081
2019.2 2.71793 0.03634 2.71134 2.13511 1.73286
2019.3 3.60860 0.03613 0.40313 2.30645 1.43496
2019.4 1.78486 0.03591 0.92014 2.57344 1.38434
2020.1 -4.62011 0.03801 0.59493 0.81973 1.15326
2020.2 -29.85634 0.12988 -3.95175 -8.35030 -0.52873
2020.3 35.31671 0.08820 3.68596 -2.02394 0.27458
2020.4 3.91014 0.06764 3.33508 -1.51646 0.86914
2021.1 6.31404 0.06211 5.01598 1.19221 1.95961
2021.2 7.00434 0.05904 4.85299 12.46058 4.21998
2021.3 2.65389 0.05100 8.09819 4.95577 5.31146
2021.4 6.95536 0.04206 7.95097 5.71643 6.46829
2022.1 -1.62944 0.03814 8.26627 3.68385 7.28271
2022.2 -0.57694 0.03635 9.44510 1.79643 8.43853
2022.3 3.24142 0.03549 4.10488 1.94178 7.42288
2022.4 2.89304 0.03597 3.50441 0.95970 6.29917
2023.1 -0.68327 0.03638 4.24888 1.20160 5.29904
2023.2 -0.79164 0.03805 3.89427 1.14692 3.93773
2023.3 -0.07145 0.04001 3.55581 0.32555 3.80041
2023.4 0.73678 0.04163 3.33526 -0.20424 3.75798
2024.1 1.37323 0.04262 3.24537 0.30840 3.50737
2024.2 1.77012 0.04298 3.26286 0.94976 3.34975
2024.3 2.03611 0.04281 3.36207 1.47788 3.30138
2024.4 2.19069 0.04222 3.51948 1.84207 3.34739
2025.1 2.26275 0.04135 3.71499 2.06474 3.46471
2025.2 2.29677 0.04032 3.93346 2.19653 3.63228
2025.3 2.31490 0.03919 4.16419 2.26626 3.83275
2025.4 2.33032 0.03803 4.40034 2.30118 4.05293
SMPL 2022.1 2025.4;
Sample period is now 2022.1 to 2025.4 Internally: 281 to 296
PRINTVAR FIXEDF LEVELS PCGDPR PCGDPD UR100 RS;
PCGDPR PCGDPD UR100 RS
Level Level Level Level
2022.1 -1.62944 8.35029 3.81358 0.30667
2022.2 -0.57694 9.10090 3.63489 1.07667
2022.3 3.24142 4.01809 3.54918 2.66333
2022.4 2.89304 3.85467 3.59717 4.04000
2023.1 -0.68327 4.03249 3.63821 5.00000
2023.2 -0.79164 3.78536 3.80526 5.00000
2023.3 -0.07145 3.53473 4.00136 5.00000
2023.4 0.73678 3.38343 4.16267 5.00000
2024.1 1.37323 3.34137 4.26199 5.00000
2024.2 1.77012 3.38756 4.29845 5.00000
2024.3 2.03611 3.50490 4.28074 5.00000
2024.4 2.19069 3.67410 4.22181 5.00000
2025.1 2.26275 3.87718 4.13516 5.00000
2025.2 2.29677 4.09939 4.03172 5.00000
2025.3 2.31490 4.33066 3.91935 5.00000
2025.4 2.33032 4.56479 3.80305 5.00000
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