Baixe o app para aproveitar ainda mais
Prévia do material em texto
MacSim II Simulation N°1 Year 1 Country 1 : BELGIUM 30/01/2018 08:21:06 Page 1.0 Main Objectives Year 1 Target function Target function -0.089 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.089 Total GDP in volume GDP : Deviation from benchmark (in %) -0.327 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.327 Total GDP growth rate : Deviation from benchmark (in %) -0.327 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.327 Total Unemployment rate Unemployment rate : deviation from benchmark (in points) 0.045 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies 0.045 Total Prices Consumer price index level: deviation from benchmark (in %) -0.077 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.077 Total MacSim II Simulation N°1 Year 1 Country 1 : BELGIUM 30/01/2018 08:21:06 Page 1.1 Main Objectives .... Prices rate: deviation from benchmark (in points) -0.078 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.078 Total Primary Government balance in value Primary Government balance : deviation from benchmark (in points of GDP) -0.124 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.124 Total Government balance in value Government balance : deviation from benchmark (in points of GDP) -0.105 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.105 Total Current account in value Trade balance: deviation from benchmark (in points of GDP) -0.152 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.152 Total MacSim II Simulation N°1 Year 1 Country 1 : BELGIUM 30/01/2018 08:21:06 Page 2.0 Demand Year 1 Household consumption in volume Household consumption in volume: deviation from benchmark (in %) -0.025 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.025 Total Growth rate of household consumption in volume: deviation from benchmark (in points) -0.025 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.025 Total Corporate investment in volume Corporate investment in volume (in %): deviation from the benchmark -0.937 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.937 Total Growth rate of corporate investment in volume : deviation from benchmark (in points) -1.053 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -1.053 Total Public demand in volume Public demand in volume : deviation from benchmark (in %) 0.000 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies 0.000 Total MacSim II Simulation N°1 Year 1 Country 1 : BELGIUM 30/01/2018 08:21:06 Page 2.1 Demand .... Growth rate of public demand in volume: deviation from benchmark (in points) 0.000 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies 0.000 Total Domestic demand in volume Domestic demand : deviation from benchmark (in %) -0.144 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.144 Total Growth rate of domestic demand : deviation from benchmark (in points) -0.147 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.147 Total Exports in volume Exports in volume : deviation from benchmark (in %) -0.009 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.009 Total Growth rate of exports in volume : deviation from benchmark (in points) -0.010 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.010 Total MacSim II Simulation N°1 Year 1 Country 1 : BELGIUM 30/01/2018 08:21:06 Page 2.2 Demand .... MacSim II Simulation N°1 Year 1 Country 1 : BELGIUM 30/01/2018 08:21:06 Page 3.0 Unemployment rate : deviation from benchmark (in points) Year 1 GDP in volume GDP : Deviation from benchmark (in %) -0.327 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.327 Total GDP growth rate : Deviation from benchmark (in %) -0.327 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.327 Total Imports in volume Imports in volume: deviation from benchmark (in %) 0.132 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies 0.132 Total Growth rate of imports in volume: deviation from benchmark (in points) 0.143 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies 0.143 Total MacSim II Simulation N°1 Year 1 Country 1 : BELGIUM 30/01/2018 08:21:06 Page 4.0 Labour Market Year 1 Unemployment rate Unemployment rate : deviation from benchmark (in points) 0.045 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies 0.045 Total Total employment, in thousands Total employment : deviation from benchmark (in %) -0.130 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.130 Total Growth rate of total employment: deviation from benchmark (in points) -0.127 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.127 Total Private sector employment, in thousands Private sector employment: deviation from benchmark (in %) -0.164 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.164 Total Growth rate of private sector employment :deviation from benchmark (in points) -0.159 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.159 Total MacSim II Simulation N°1 Year 1 Country 1 : BELGIUM 30/01/2018 08:21:07 Page 4.1 Labour Market .... Public sector employment in thousands Public sector employment : deviation from benchmark (in %) 0.000 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies 0.000 Total Growth rate of public sector employment : deviation from benchmark (in points) 0.000 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies 0.000 Total MacSim II Simulation N°1 Year 1 Country 1 : BELGIUM 30/01/2018 08:21:07 Page 5.0 External trade Year 1 Current account in value Trade balance: deviation from benchmark (in points of GDP) -0.152 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.152 Total Export to import ratio: deviation from benchmark (in points) -0.157 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.157 Total Exports in volume Exports in volume : deviation from benchmark (in %) -0.009 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.009 Total Growth rate of exports in volume : deviation from benchmark (in points) -0.010 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.010 Total Imports in volume Imports in volume: deviation from benchmark (in %) 0.132 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies 0.132 Total MacSim II Simulation N°1 Year 1 Country 1 : BELGIUM 30/01/2018 08:21:07 Page 5.1 External trade .... Growth rate of imports in volume: deviation from benchmark (in points) 0.143 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies 0.143 Total MacSim II Simulation N°1 Year 1 Country 1 : BELGIUM 30/01/2018 08:21:07 Page 6.0 Public finance Year 1 Primary Government balance in value Primary Government balance : deviation from benchmark (in points of GDP) -0.124Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.124 Total Government balance in value Government balance : deviation from benchmark (in points of GDP) -0.105 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.105 Total Public spending in value Public spending : deviation from benchmark (in points of GDP) 0.154 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies 0.154 Total Fiscal revenue in value Public revenue in value : deviation from benchmark (in points of GDP) 0.050 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies 0.050 Total MacSim II Simulation N°1 Year 1 Country 1 : BELGIUM 30/01/2018 08:21:07 Page 7.0 Prices Year 1 Consumer price index Consumer price index level: deviation from benchmark (in %) -0.077 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.077 Total Prices rate: deviation from benchmark (in points) -0.078 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.078 Total Salary rate Private sector salaries : deviation from benchmark (in %) -0.209 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.209 Total Growth rate of private sector salaries: deviation from benchmark (in points) -0.210 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.210 Total Public sector salaries : deviation from benchmark (in %) -0.209 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.209 Total MacSim II Simulation N°1 Year 1 Country 1 : BELGIUM 30/01/2018 08:21:07 Page 7.1 Prices .... Growth rate of public sector salaries: deviation from benchmark (in points) -0.210 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.210 Total Short term interest rates Short term interest rate : deviation from benchmark (in points) -0.332 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.332 Total Long term interest rate Long term interest rate : deviation from benchmark (in points) -0.167 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.167 Total MacSim II Simulation N°1 Year 1 Country 1 : BELGIUM 30/01/2018 08:21:07 Page 8.0 Households Year 1 Household disposable income in purchasing power Household disposable income : deviation from benchmark (in %) -0.168 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.168 Total Growth rate of household disposable income : deviation from benchmark (in points) -0.168 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.168 Total Household consumption in volume Household consumption in volume: deviation from benchmark (in %) -0.025 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.025 Total Growth rate of household consumption in volume: deviation from benchmark (in points) -0.025 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.025 Total Savings rate Savings rate : deviation from benchmark (in points) -0.127 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.127 Total MacSim II Simulation N°1 Year 1 Country 1 : BELGIUM 30/01/2018 08:21:07 Page 8.1 Households .... MacSim II Simulation N°1 Year 1 Country 1 : BELGIUM 30/01/2018 08:21:07 Page 9.0 Firms Year 1 Corporate investment in volume Corporate investment in volume (in %): deviation from the benchmark -0.937 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.937 Total Growth rate of corporate investment in volume : deviation from benchmark (in points) -1.053 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -1.053 Total Margin rate Margin rate : deviation from benchmark (in points) -0.011 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.011 Total Profit rate Corporate profit rate : deviation from benchmark (in points) -0.049 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.049 Total Production capacity utilization rate Production capacity utilization rate: deviation from benchmark (in points) -0.066 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.066 Total MacSim II Simulation N°1 Year 1 Country 1 : BELGIUM 30/01/2018 08:21:07 Page 9.1 Firms.... MacSim II Simulation N°1 Year 1 Country 2 : GERMANY 30/01/2018 08:21:07 Page 1.0 Main Objectives Year 1 Target function Target function -0.072 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.072 Total GDP in volume GDP : Deviation from benchmark (in %) -0.283 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.283 Total GDP growth rate : Deviation from benchmark (in %) -0.285 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.285 Total Unemployment rate Unemployment rate : deviation from benchmark (in points) 0.039 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies 0.039 Total Prices Consumer price index level: deviation from benchmark (in %) -0.087 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.087 Total MacSim II Simulation N°1 Year 1 Country 2 : GERMANY 30/01/2018 08:21:07 Page 1.1 Main Objectives .... Prices rate: deviation from benchmark (in points) -0.087 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.087 Total Primary Government balance in value Primary Government balance : deviation from benchmark (in points of GDP) -0.071 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.071 Total Government balance in value Government balance : deviation from benchmark (in points of GDP) -0.094 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.094 Total Current account in value Trade balance: deviation from benchmark (in points of GDP) -0.131 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.131 Total MacSim II Simulation N°1 Year 1 Country 2 : GERMANY 30/01/2018 08:21:07 Page 2.0 Demand Year 1 Household consumption in volume Household consumption in volume: deviation from benchmark (in %) -0.017 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.017 Total Growth rate of household consumption in volume: deviation from benchmark (in points) -0.017 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.017 Total Corporate investment in volume Corporate investment in volume (in %): deviation from the benchmark -0.358 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.358 Total Growth rate of corporate investment in volume : deviation from benchmark (in points) -0.276 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.276 Total Public demand in volume Public demand in volume : deviation from benchmark (in %) 0.000 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies 0.000 Total MacSim II Simulation N°1 Year 1 Country 2 : GERMANY 30/01/2018 08:21:07 Page 2.1 Demand .... Growth rate of public demand in volume: deviation from benchmark (in points) 0.000 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies 0.000 TotalDomestic demand in volume Domestic demand : deviation from benchmark (in %) -0.103 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.103 Total Growth rate of domestic demand : deviation from benchmark (in points) -0.100 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.100 Total Exports in volume Exports in volume : deviation from benchmark (in %) -0.118 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.118 Total Growth rate of exports in volume : deviation from benchmark (in points) -0.125 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.125 Total MacSim II Simulation N°1 Year 1 Country 2 : GERMANY 30/01/2018 08:21:07 Page 2.2 Demand .... MacSim II Simulation N°1 Year 1 Country 2 : GERMANY 30/01/2018 08:21:07 Page 3.0 Unemployment rate : deviation from benchmark (in points) Year 1 GDP in volume GDP : Deviation from benchmark (in %) -0.283 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.283 Total GDP growth rate : Deviation from benchmark (in %) -0.285 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.285 Total Imports in volume Imports in volume: deviation from benchmark (in %) 0.165 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies 0.165 Total Growth rate of imports in volume: deviation from benchmark (in points) 0.172 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies 0.172 Total MacSim II Simulation N°1 Year 1 Country 2 : GERMANY 30/01/2018 08:21:07 Page 4.0 Labour Market Year 1 Unemployment rate Unemployment rate : deviation from benchmark (in points) 0.039 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies 0.039 Total Total employment, in thousands Total employment : deviation from benchmark (in %) -0.119 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.119 Total Growth rate of total employment: deviation from benchmark (in points) -0.121 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.121 Total Private sector employment, in thousands Private sector employment: deviation from benchmark (in %) -0.148 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.148 Total Growth rate of private sector employment :deviation from benchmark (in points) -0.150 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.150 Total MacSim II Simulation N°1 Year 1 Country 2 : GERMANY 30/01/2018 08:21:07 Page 4.1 Labour Market .... Public sector employment in thousands Public sector employment : deviation from benchmark (in %) 0.000 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies 0.000 Total Growth rate of public sector employment : deviation from benchmark (in points) 0.000 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies 0.000 Total MacSim II Simulation N°1 Year 1 Country 2 : GERMANY 30/01/2018 08:21:07 Page 5.0 External trade Year 1 Current account in value Trade balance: deviation from benchmark (in points of GDP) -0.131 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.131 Total Export to import ratio: deviation from benchmark (in points) -0.219 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.219 Total Exports in volume Exports in volume : deviation from benchmark (in %) -0.118 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.118 Total Growth rate of exports in volume : deviation from benchmark (in points) -0.125 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.125 Total Imports in volume Imports in volume: deviation from benchmark (in %) 0.165 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies 0.165 Total MacSim II Simulation N°1 Year 1 Country 2 : GERMANY 30/01/2018 08:21:07 Page 5.1 External trade .... Growth rate of imports in volume: deviation from benchmark (in points) 0.172 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies 0.172 Total MacSim II Simulation N°1 Year 1 Country 2 : GERMANY 30/01/2018 08:21:07 Page 6.0 Public finance Year 1 Primary Government balance in value Primary Government balance : deviation from benchmark (in points of GDP) -0.071 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.071 Total Government balance in value Government balance : deviation from benchmark (in points of GDP) -0.094 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.094 Total Public spending in value Public spending : deviation from benchmark (in points of GDP) 0.126 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies 0.126 Total Fiscal revenue in value Public revenue in value : deviation from benchmark (in points of GDP) 0.032 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies 0.032 Total MacSim II Simulation N°1 Year 1 Country 2 : GERMANY 30/01/2018 08:21:07 Page 7.0 Prices Year 1 Consumer price index Consumer price index level: deviation from benchmark (in %) -0.087 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.087 Total Prices rate: deviation from benchmark (in points) -0.087 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.087 Total Salary rate Private sector salaries : deviation from benchmark (in %) -0.192 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.192 Total Growth rate of private sector salaries: deviation from benchmark (in points) -0.199 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.199 Total Public sector salaries : deviation from benchmark (in %) -0.192 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.192 Total MacSim II Simulation N°1 Year 1 Country 2 : GERMANY 30/01/2018 08:21:07 Page 7.1 Prices .... Growth rate of public sector salaries: deviation from benchmark (in points) -0.199 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.199 Total Short term interest rates Short term interest rate : deviation from benchmark (in points) -0.337 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.337 Total Long term interest rate Long term interest rate : deviation from benchmark (in points) -0.186 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.186 Total MacSim II Simulation N°1 Year 1 Country 2 : GERMANY 30/01/2018 08:21:07 Page 8.0 Households Year 1 Household disposable income in purchasing power Household disposable income : deviation from benchmark (in %) -0.165 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.165 Total Growth rate of household disposable income : deviation from benchmark (in points) -0.170 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.170 Total Household consumption in volume Household consumption in volume: deviation from benchmark (in %) -0.017 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.017 Total Growth rate of household consumption in volume: deviation from benchmark (in points) -0.017 Shock effects 0.000Domestic Policies only 0.000 Other Country policies -0.017 Total Savings rate Savings rate : deviation from benchmark (in points) -0.129 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.129 Total MacSim II Simulation N°1 Year 1 Country 2 : GERMANY 30/01/2018 08:21:07 Page 8.1 Households .... MacSim II Simulation N°1 Year 1 Country 2 : GERMANY 30/01/2018 08:21:07 Page 9.0 Firms Year 1 Corporate investment in volume Corporate investment in volume (in %): deviation from the benchmark -0.358 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.358 Total Growth rate of corporate investment in volume : deviation from benchmark (in points) -0.276 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.276 Total Margin rate Margin rate : deviation from benchmark (in points) -0.007 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.007 Total Profit rate Corporate profit rate : deviation from benchmark (in points) -0.024 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.024 Total Production capacity utilization rate Production capacity utilization rate: deviation from benchmark (in points) -0.054 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.054 Total MacSim II Simulation N°1 Year 1 Country 2 : GERMANY 30/01/2018 08:21:07 Page 9.1 Firms.... MacSim II Simulation N°1 Year 1 Country 3 : FRANCE 30/01/2018 08:21:07 Page 1.0 Main Objectives Year 1 Target function Target function -0.024 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.024 Total GDP in volume GDP : Deviation from benchmark (in %) -0.176 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.176 Total GDP growth rate : Deviation from benchmark (in %) -0.173 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.173 Total Unemployment rate Unemployment rate : deviation from benchmark (in points) 0.028 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies 0.028 Total Prices Consumer price index level: deviation from benchmark (in %) -0.138 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.138 Total MacSim II Simulation N°1 Year 1 Country 3 : FRANCE 30/01/2018 08:21:07 Page 1.1 Main Objectives .... Prices rate: deviation from benchmark (in points) -0.141 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.141 Total Primary Government balance in value Primary Government balance : deviation from benchmark (in points of GDP) -0.038 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.038 Total Government balance in value Government balance : deviation from benchmark (in points of GDP) -0.130 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.130 Total Current account in value Trade balance: deviation from benchmark (in points of GDP) -0.082 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.082 Total MacSim II Simulation N°1 Year 1 Country 3 : FRANCE 30/01/2018 08:21:07 Page 2.0 Demand Year 1 Household consumption in volume Household consumption in volume: deviation from benchmark (in %) 0.002 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies 0.002 Total Growth rate of household consumption in volume: deviation from benchmark (in points) 0.002 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies 0.002 Total Corporate investment in volume Corporate investment in volume (in %): deviation from the benchmark -0.089 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.089 Total Growth rate of corporate investment in volume : deviation from benchmark (in points) -0.063 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.063 Total Public demand in volume Public demand in volume : deviation from benchmark (in %) 0.000 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies 0.000 Total MacSim II Simulation N°1 Year 1 Country 3 : FRANCE 30/01/2018 08:21:07 Page 2.1 Demand .... Growth rate of public demand in volume: deviation from benchmark (in points) 0.000 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies 0.000 Total Domestic demand in volume Domestic demand : deviation from benchmark (in %) -0.029 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.029 Total Growth rate of domestic demand : deviation from benchmark (in points) -0.027 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.027 Total Exports in volume Exports in volume : deviation from benchmark (in %) -0.093 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.093 Total Growth rate of exports in volume : deviation from benchmark (in points) -0.103 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.103 Total MacSim II Simulation N°1 Year 1 Country 3 : FRANCE 30/01/2018 08:21:07 Page 2.2 Demand .... MacSim II Simulation N°1 Year 1 Country 3 : FRANCE 30/01/2018 08:21:07 Page 3.0 Unemployment rate : deviation from benchmark (in points) Year 1 GDP in volume GDP : Deviation from benchmark (in %) -0.176 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.176 Total GDP growth rate : Deviation from benchmark (in %) -0.173 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.173 Total Imports in volume Imports in volume: deviation from benchmark (in %) 0.208 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies 0.208 Total Growth rate of imports in volume: deviation from benchmark (in points) 0.216 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies 0.216 Total MacSim II Simulation N°1 Year 1 Country 3 : FRANCE 30/01/2018 08:21:07 Page 4.0 Labour Market Year 1 Unemployment rate Unemployment rate : deviation from benchmark (in points) 0.028 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies 0.028 Total Total employment, in thousands Total employment : deviation from benchmark (in %) -0.084 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.084 Total Growth rate of total employment: deviation from benchmark (in points) -0.083 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.083 Total Private sector employment, in thousands Private sector employment: deviation from benchmark (in %) -0.107 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.107 Total Growth rate of private sector employment :deviation from benchmark (in points) -0.106 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.106 Total MacSim II Simulation N°1 Year 1 Country 3 : FRANCE 30/01/2018 08:21:07 Page 4.1 Labour Market .... Public sector employment in thousands Public sector employment : deviation from benchmark (in %) 0.000 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies 0.000 Total Growth rate of public sector employment : deviation from benchmark (in points) 0.000 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies 0.000 TotalMacSim II Simulation N°1 Year 1 Country 3 : FRANCE 30/01/2018 08:21:07 Page 5.0 External trade Year 1 Current account in value Trade balance: deviation from benchmark (in points of GDP) -0.082 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.082 Total Export to import ratio: deviation from benchmark (in points) -0.203 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.203 Total Exports in volume Exports in volume : deviation from benchmark (in %) -0.093 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.093 Total Growth rate of exports in volume : deviation from benchmark (in points) -0.103 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.103 Total Imports in volume Imports in volume: deviation from benchmark (in %) 0.208 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies 0.208 Total MacSim II Simulation N°1 Year 1 Country 3 : FRANCE 30/01/2018 08:21:07 Page 5.1 External trade .... Growth rate of imports in volume: deviation from benchmark (in points) 0.216 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies 0.216 Total MacSim II Simulation N°1 Year 1 Country 3 : FRANCE 30/01/2018 08:21:07 Page 6.0 Public finance Year 1 Primary Government balance in value Primary Government balance : deviation from benchmark (in points of GDP) -0.038 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.038 Total Government balance in value Government balance : deviation from benchmark (in points of GDP) -0.130 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.130 Total Public spending in value Public spending : deviation from benchmark (in points of GDP) 0.145 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies 0.145 Total Fiscal revenue in value Public revenue in value : deviation from benchmark (in points of GDP) 0.015 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies 0.015 Total MacSim II Simulation N°1 Year 1 Country 3 : FRANCE 30/01/2018 08:21:07 Page 7.0 Prices Year 1 Consumer price index Consumer price index level: deviation from benchmark (in %) -0.138 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.138 Total Prices rate: deviation from benchmark (in points) -0.141 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.141 Total Salary rate Private sector salaries : deviation from benchmark (in %) -0.176 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.176 Total Growth rate of private sector salaries: deviation from benchmark (in points) -0.184 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.184 Total Public sector salaries : deviation from benchmark (in %) -0.176 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.176 Total MacSim II Simulation N°1 Year 1 Country 3 : FRANCE 30/01/2018 08:21:07 Page 7.1 Prices .... Growth rate of public sector salaries: deviation from benchmark (in points) -0.184 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.184 Total Short term interest rates Short term interest rate : deviation from benchmark (in points) -0.340 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.340 Total Long term interest rate Long term interest rate : deviation from benchmark (in points) -0.222 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.222 Total MacSim II Simulation N°1 Year 1 Country 3 : FRANCE 30/01/2018 08:21:07 Page 8.0 Households Year 1 Household disposable income in purchasing power Household disposable income : deviation from benchmark (in %) -0.086 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.086 Total Growth rate of household disposable income : deviation from benchmark (in points) -0.088 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.088 Total Household consumption in volume Household consumption in volume: deviation from benchmark (in %) 0.002 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies 0.002 Total Growth rate of household consumption in volume: deviation from benchmark (in points) 0.002 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies 0.002 Total Savings rate Savings rate : deviation from benchmark (in points) -0.078 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.078 Total MacSim II Simulation N°1 Year 1 Country 3 : FRANCE 30/01/2018 08:21:08 Page 8.1 Households .... MacSim II Simulation N°1 Year 1 Country 3 : FRANCE 30/01/2018 08:21:08 Page 9.0 Firms Year 1 Corporate investment in volume Corporate investment in volume (in %): deviation from the benchmark -0.089 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.089 Total Growth rate of corporate investment in volume : deviation from benchmark (in points) -0.063 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.063 Total Margin rate Margin rate : deviation from benchmark (in points) 0.002 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies 0.002 Total Profit rate Corporate profit rate : deviation from benchmark (in points) 0.001 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies 0.001 Total Production capacity utilization rate Production capacity utilization rate: deviation from benchmark (in points) -0.035 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.035 Total MacSim II Simulation N°1 Year 1 Country 3 : FRANCE 30/01/2018 08:21:08 Page 9.1 Firms.... MacSim II Simulation N°1 Year 1 Country 4 : UNITED KINGDOM 30/01/2018 08:21:08 Page 1.0 Main Objectives Year 1 Target function Target function -0.064 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.064 Total GDP in volume GDP : Deviation from benchmark (in %) -0.114 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.114 Total GDP growth rate : Deviation from benchmark (in %) -0.113 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.113 Total Unemployment rate Unemployment rate : deviation from benchmark (in points) 0.014 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies 0.014 Total Prices Consumer price index level: deviation from benchmark (in %) 0.078 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies 0.078 Total MacSim II Simulation N°1 Year 1 Country 4 : UNITED KINGDOM 30/01/2018 08:21:08 Page 1.1 Main Objectives .... Prices rate: deviation from benchmark (in points) 0.078 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies 0.078 Total Primary Government balance in value Primary Government balance : deviation from benchmark (in points of GDP) -0.049 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.049 Total Government balance in value Government balance : deviation from benchmark (in points of GDP) -0.032 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.032 Total Current account in value Trade balance: deviationfrom benchmark (in points of GDP) -0.082 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.082 Total MacSim II Simulation N°1 Year 1 Country 4 : UNITED KINGDOM 30/01/2018 08:21:08 Page 2.0 Demand Year 1 Household consumption in volume Household consumption in volume: deviation from benchmark (in %) -0.032 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.032 Total Growth rate of household consumption in volume: deviation from benchmark (in points) -0.033 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.033 Total Corporate investment in volume Corporate investment in volume (in %): deviation from the benchmark -0.315 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.315 Total Growth rate of corporate investment in volume : deviation from benchmark (in points) -0.241 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.241 Total Public demand in volume Public demand in volume : deviation from benchmark (in %) 0.000 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies 0.000 Total MacSim II Simulation N°1 Year 1 Country 4 : UNITED KINGDOM 30/01/2018 08:21:08 Page 2.1 Demand .... Growth rate of public demand in volume: deviation from benchmark (in points) 0.000 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies 0.000 Total Domestic demand in volume Domestic demand : deviation from benchmark (in %) -0.071 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.071 Total Growth rate of domestic demand : deviation from benchmark (in points) -0.069 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.069 Total Exports in volume Exports in volume : deviation from benchmark (in %) 0.048 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies 0.048 Total Growth rate of exports in volume : deviation from benchmark (in points) 0.051 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies 0.051 Total MacSim II Simulation N°1 Year 1 Country 4 : UNITED KINGDOM 30/01/2018 08:21:08 Page 2.2 Demand .... MacSim II Simulation N°1 Year 1 Country 4 : UNITED KINGDOM 30/01/2018 08:21:08 Page 3.0 Unemployment rate : deviation from benchmark (in points) Year 1 GDP in volume GDP : Deviation from benchmark (in %) -0.114 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.114 Total GDP growth rate : Deviation from benchmark (in %) -0.113 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.113 Total Imports in volume Imports in volume: deviation from benchmark (in %) 0.154 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies 0.154 Total Growth rate of imports in volume: deviation from benchmark (in points) 0.156 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies 0.156 Total MacSim II Simulation N°1 Year 1 Country 4 : UNITED KINGDOM 30/01/2018 08:21:08 Page 4.0 Labour Market Year 1 Unemployment rate Unemployment rate : deviation from benchmark (in points) 0.014 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies 0.014 Total Total employment, in thousands Total employment : deviation from benchmark (in %) -0.041 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.041 Total Growth rate of total employment: deviation from benchmark (in points) -0.041 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.041 Total Private sector employment, in thousands Private sector employment: deviation from benchmark (in %) -0.051 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.051 Total Growth rate of private sector employment :deviation from benchmark (in points) -0.051 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.051 Total MacSim II Simulation N°1 Year 1 Country 4 : UNITED KINGDOM 30/01/2018 08:21:08 Page 4.1 Labour Market .... Public sector employment in thousands Public sector employment : deviation from benchmark (in %) 0.000 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies 0.000 Total Growth rate of public sector employment : deviation from benchmark (in points) 0.000 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies 0.000 Total MacSim II Simulation N°1 Year 1 Country 4 : UNITED KINGDOM 30/01/2018 08:21:08 Page 5.0 External trade Year 1 Current account in value Trade balance: deviation from benchmark (in points of GDP) -0.082 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.082 Total Export to import ratio: deviation from benchmark (in points) -0.175 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.175 Total Exports in volume Exports in volume : deviation from benchmark (in %) 0.048 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies 0.048 Total Growth rate of exports in volume : deviation from benchmark (in points) 0.051 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies 0.051 Total Imports in volume Imports in volume: deviation from benchmark (in %) 0.154 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies 0.154 Total MacSim II Simulation N°1 Year 1 Country 4 : UNITED KINGDOM 30/01/2018 08:21:08 Page 5.1 External trade .... Growth rate of imports in volume: deviation from benchmark (in points) 0.156 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies 0.156 Total MacSim II Simulation N°1 Year 1 Country 4 : UNITED KINGDOM 30/01/2018 08:21:08 Page 6.0 Public finance Year 1 Primary Government balance in value Primary Government balance : deviation from benchmark (in points of GDP) -0.049 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.049 Total Government balance in value Government balance : deviation from benchmark (in points of GDP) -0.032 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.032 Total Public spending in value Public spending : deviation from benchmark (in points of GDP) 0.052 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies 0.052 Total Fiscal revenue in value Public revenue in value : deviation from benchmark (in points of GDP) 0.020 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies 0.020 Total MacSim II Simulation N°1 Year 1 Country 4 : UNITED KINGDOM 30/01/2018 08:21:08 Page 7.0 Prices Year 1 Consumer price index Consumer price index level: deviation from benchmark (in %) 0.078 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies 0.078 Total Prices rate: deviation from benchmark (in points) 0.078 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies 0.078 Total Salary rate Private sector salaries : deviation from benchmark (in %) 0.000 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies 0.000 Total Growth rate of private sector salaries: deviation from benchmark (in points) -0.009 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.009 Total Public sector salaries : deviation from benchmark (in %) 0.000 Shock effects 0.000 Domestic Policies only 0.000 OtherCountry policies 0.000 Total MacSim II Simulation N°1 Year 1 Country 4 : UNITED KINGDOM 30/01/2018 08:21:08 Page 7.1 Prices .... Growth rate of public sector salaries: deviation from benchmark (in points) -0.009 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.009 Total Short term interest rates Short term interest rate : deviation from benchmark (in points) 0.080 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies 0.080 Total Long term interest rate Long term interest rate : deviation from benchmark (in points) 0.074 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies 0.074 Total MacSim II Simulation N°1 Year 1 Country 4 : UNITED KINGDOM 30/01/2018 08:21:08 Page 8.0 Households Year 1 Household disposable income in purchasing power Household disposable income : deviation from benchmark (in %) -0.095 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.095 Total Growth rate of household disposable income : deviation from benchmark (in points) -0.097 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.097 Total Household consumption in volume Household consumption in volume: deviation from benchmark (in %) -0.032 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.032 Total Growth rate of household consumption in volume: deviation from benchmark (in points) -0.033 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.033 Total Savings rate Savings rate : deviation from benchmark (in points) -0.061 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.061 Total MacSim II Simulation N°1 Year 1 Country 4 : UNITED KINGDOM 30/01/2018 08:21:08 Page 8.1 Households .... MacSim II Simulation N°1 Year 1 Country 4 : UNITED KINGDOM 30/01/2018 08:21:08 Page 9.0 Firms Year 1 Corporate investment in volume Corporate investment in volume (in %): deviation from the benchmark -0.315 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.315 Total Growth rate of corporate investment in volume : deviation from benchmark (in points) -0.241 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.241 Total Margin rate Margin rate : deviation from benchmark (in points) -0.012 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.012 Total Profit rate Corporate profit rate : deviation from benchmark (in points) -0.011 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.011 Total Production capacity utilization rate Production capacity utilization rate: deviation from benchmark (in points) -0.021 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.021 Total MacSim II Simulation N°1 Year 1 Country 4 : UNITED KINGDOM 30/01/2018 08:21:08 Page 9.1 Firms.... MacSim II Simulation N°1 Year 1 Country 5 : ITALY 30/01/2018 08:21:08 Page 1.0 Main Objectives Year 1 Target function Target function 0.014 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies 0.014 Total GDP in volume GDP : Deviation from benchmark (in %) -0.174 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.174 Total GDP growth rate : Deviation from benchmark (in %) -0.179 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.179 Total Unemployment rate Unemployment rate : deviation from benchmark (in points) 0.027 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies 0.027 Total Prices Consumer price index level: deviation from benchmark (in %) -0.225 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.225 Total MacSim II Simulation N°1 Year 1 Country 5 : ITALY 30/01/2018 08:21:08 Page 1.1 Main Objectives .... Prices rate: deviation from benchmark (in points) -0.228 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.228 Total Primary Government balance in value Primary Government balance : deviation from benchmark (in points of GDP) -0.012 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.012 Total Government balance in value Government balance : deviation from benchmark (in points of GDP) 0.320 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies 0.320 Total Current account in value Trade balance: deviation from benchmark (in points of GDP) -0.020 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.020 Total MacSim II Simulation N°1 Year 1 Country 5 : ITALY 30/01/2018 08:21:08 Page 2.0 Demand Year 1 Household consumption in volume Household consumption in volume: deviation from benchmark (in %) 0.008 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies 0.008 Total Growth rate of household consumption in volume: deviation from benchmark (in points) 0.008 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies 0.008 Total Corporate investment in volume Corporate investment in volume (in %): deviation from the benchmark -0.095 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.095 Total Growth rate of corporate investment in volume : deviation from benchmark (in points) -0.098 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.098 Total Public demand in volume Public demand in volume : deviation from benchmark (in %) 0.000 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies 0.000 Total MacSim II Simulation N°1 Year 1 Country 5 : ITALY 30/01/2018 08:21:08 Page 2.1 Demand .... Growth rate of public demand in volume: deviation from benchmark (in points) 0.000 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies 0.000 Total Domestic demand in volume Domestic demand : deviation from benchmark (in %) -0.046 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.046 Total Growth rate of domestic demand : deviation from benchmark (in points) -0.047 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.047 Total Exports in volume Exports in volume : deviation from benchmark (in %) -0.055 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.055 Total Growth rate of exports in volume : deviation from benchmark (in points) -0.062 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.062 Total MacSim II Simulation N°1 Year 1 Country 5 : ITALY 30/01/2018 08:21:08 Page 2.2 Demand .... MacSim II Simulation N°1 Year 1 Country 5 : ITALY 30/01/2018 08:21:08 Page 3.0 Unemployment rate : deviation from benchmark (in points) Year 1 GDP in volume GDP : Deviation from benchmark (in %) -0.174 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.174 Total GDP growth rate : Deviation from benchmark (in %) -0.179 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.179 Total Imports in volume Imports in volume: deviation from benchmark (in %) 0.272 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies 0.272 Total Growth rate of imports in volume: deviation from benchmark (in points) 0.300 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies0.300 Total MacSim II Simulation N°1 Year 1 Country 5 : ITALY 30/01/2018 08:21:08 Page 4.0 Labour Market Year 1 Unemployment rate Unemployment rate : deviation from benchmark (in points) 0.027 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies 0.027 Total Total employment, in thousands Total employment : deviation from benchmark (in %) -0.083 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.083 Total Growth rate of total employment: deviation from benchmark (in points) -0.081 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.081 Total Private sector employment, in thousands Private sector employment: deviation from benchmark (in %) -0.097 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.097 Total Growth rate of private sector employment :deviation from benchmark (in points) -0.094 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.094 Total MacSim II Simulation N°1 Year 1 Country 5 : ITALY 30/01/2018 08:21:08 Page 4.1 Labour Market .... Public sector employment in thousands Public sector employment : deviation from benchmark (in %) 0.000 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies 0.000 Total Growth rate of public sector employment : deviation from benchmark (in points) 0.000 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies 0.000 Total MacSim II Simulation N°1 Year 1 Country 5 : ITALY 30/01/2018 08:21:08 Page 5.0 External trade Year 1 Current account in value Trade balance: deviation from benchmark (in points of GDP) -0.020 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.020 Total Export to import ratio: deviation from benchmark (in points) -0.058 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.058 Total Exports in volume Exports in volume : deviation from benchmark (in %) -0.055 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.055 Total Growth rate of exports in volume : deviation from benchmark (in points) -0.062 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.062 Total Imports in volume Imports in volume: deviation from benchmark (in %) 0.272 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies 0.272 Total MacSim II Simulation N°1 Year 1 Country 5 : ITALY 30/01/2018 08:21:08 Page 5.1 External trade .... Growth rate of imports in volume: deviation from benchmark (in points) 0.300 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies 0.300 Total MacSim II Simulation N°1 Year 1 Country 5 : ITALY 30/01/2018 08:21:08 Page 6.0 Public finance Year 1 Primary Government balance in value Primary Government balance : deviation from benchmark (in points of GDP) -0.012 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.012 Total Government balance in value Government balance : deviation from benchmark (in points of GDP) 0.320 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies 0.320 Total Public spending in value Public spending : deviation from benchmark (in points of GDP) -0.310 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.310 Total Fiscal revenue in value Public revenue in value : deviation from benchmark (in points of GDP) 0.010 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies 0.010 Total MacSim II Simulation N°1 Year 1 Country 5 : ITALY 30/01/2018 08:21:08 Page 7.0 Prices Year 1 Consumer price index Consumer price index level: deviation from benchmark (in %) -0.225 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.225 Total Prices rate: deviation from benchmark (in points) -0.228 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.228 Total Salary rate Private sector salaries : deviation from benchmark (in %) -0.222 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.222 Total Growth rate of private sector salaries: deviation from benchmark (in points) -0.230 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.230 Total Public sector salaries : deviation from benchmark (in %) -0.222 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.222 Total MacSim II Simulation N°1 Year 1 Country 5 : ITALY 30/01/2018 08:21:08 Page 7.1 Prices .... Growth rate of public sector salaries: deviation from benchmark (in points) -0.230 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.230 Total Short term interest rates Short term interest rate : deviation from benchmark (in points) -0.343 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.343 Total Long term interest rate Long term interest rate : deviation from benchmark (in points) -0.277 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.277 Total MacSim II Simulation N°1 Year 1 Country 5 : ITALY 30/01/2018 08:21:08 Page 8.0 Households Year 1 Household disposable income in purchasing power Household disposable income : deviation from benchmark (in %) -0.065 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.065 Total Growth rate of household disposable income : deviation from benchmark (in points) -0.066 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.066 Total Household consumption in volume Household consumption in volume: deviation from benchmark (in %) 0.008 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies 0.008 Total Growth rate of household consumption in volume: deviation from benchmark (in points) 0.008 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies 0.008 Total Savings rate Savings rate : deviation from benchmark (in points) -0.066 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.066 Total MacSim II Simulation N°1 Year 1 Country 5 : ITALY 30/01/2018 08:21:08 Page 8.1 Households .... MacSim II Simulation N°1 Year 1 Country 5 : ITALY 30/01/2018 08:21:08 Page 9.0 Firms Year 1 Corporate investment in volume Corporate investment in volume (in %): deviation from the benchmark -0.095 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.095 Total Growth rate of corporate investment in volume : deviation from benchmark (in points) -0.098 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.098 Total Margin rate Margin rate : deviation from benchmark (in points) 0.005 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies 0.005 Total Profit rate Corporate profit rate : deviation from benchmark (in points) 0.048 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies 0.048 Total Production capacity utilization rate Production capacity utilization rate: deviation from benchmark (in points) -0.035 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.035 Total MacSim II Simulation N°1 Year 1 Country 5 : ITALY 30/01/2018 08:21:08 Page 9.1 Firms.... MacSim II Simulation N°1 Year 1 Country 6 : JAPAN 30/01/2018 08:21:08 Page 1.0 Main Objectives Year 1 Targetfunction Target function -0.032 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.032 Total GDP in volume GDP : Deviation from benchmark (in %) -0.097 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.097 Total GDP growth rate : Deviation from benchmark (in %) -0.095 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.095 Total Unemployment rate Unemployment rate : deviation from benchmark (in points) 0.013 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies 0.013 Total Prices Consumer price index level: deviation from benchmark (in %) -0.003 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.003 Total MacSim II Simulation N°1 Year 1 Country 6 : JAPAN 30/01/2018 08:21:08 Page 1.1 Main Objectives .... Prices rate: deviation from benchmark (in points) -0.003 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.003 Total Primary Government balance in value Primary Government balance : deviation from benchmark (in points of GDP) -0.033 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.033 Total Government balance in value Government balance : deviation from benchmark (in points of GDP) -0.036 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.036 Total Current account in value Trade balance: deviation from benchmark (in points of GDP) -0.047 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.047 Total MacSim II Simulation N°1 Year 1 Country 6 : JAPAN 30/01/2018 08:21:08 Page 2.0 Demand Year 1 Household consumption in volume Household consumption in volume: deviation from benchmark (in %) -0.014 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.014 Total Growth rate of household consumption in volume: deviation from benchmark (in points) -0.015 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.015 Total Corporate investment in volume Corporate investment in volume (in %): deviation from the benchmark -0.192 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.192 Total Growth rate of corporate investment in volume : deviation from benchmark (in points) -0.170 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.170 Total Public demand in volume Public demand in volume : deviation from benchmark (in %) 0.000 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies 0.000 Total MacSim II Simulation N°1 Year 1 Country 6 : JAPAN 30/01/2018 08:21:08 Page 2.1 Demand .... Growth rate of public demand in volume: deviation from benchmark (in points) 0.000 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies 0.000 Total Domestic demand in volume Domestic demand : deviation from benchmark (in %) -0.057 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.057 Total Growth rate of domestic demand : deviation from benchmark (in points) -0.056 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.056 Total Exports in volume Exports in volume : deviation from benchmark (in %) -0.020 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.020 Total Growth rate of exports in volume : deviation from benchmark (in points) -0.020 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.020 Total MacSim II Simulation N°1 Year 1 Country 6 : JAPAN 30/01/2018 08:21:08 Page 2.2 Demand .... MacSim II Simulation N°1 Year 1 Country 6 : JAPAN 30/01/2018 08:21:08 Page 3.0 Unemployment rate : deviation from benchmark (in points) Year 1 GDP in volume GDP : Deviation from benchmark (in %) -0.097 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.097 Total GDP growth rate : Deviation from benchmark (in %) -0.095 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.095 Total Imports in volume Imports in volume: deviation from benchmark (in %) 0.244 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies 0.244 Total Growth rate of imports in volume: deviation from benchmark (in points) 0.248 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies 0.248 Total MacSim II Simulation N°1 Year 1 Country 6 : JAPAN 30/01/2018 08:21:08 Page 4.0 Labour Market Year 1 Unemployment rate Unemployment rate : deviation from benchmark (in points) 0.013 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies 0.013 Total Total employment, in thousands Total employment : deviation from benchmark (in %) -0.041 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.041 Total Growth rate of total employment: deviation from benchmark (in points) -0.041 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.041 Total Private sector employment, in thousands Private sector employment: deviation from benchmark (in %) -0.045 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.045 Total Growth rate of private sector employment :deviation from benchmark (in points) -0.044 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.044 Total MacSim II Simulation N°1 Year 1 Country 6 : JAPAN 30/01/2018 08:21:08 Page 4.1 Labour Market .... Public sector employment in thousands Public sector employment : deviation from benchmark (in %) 0.000 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies 0.000 Total Growth rate of public sector employment : deviation from benchmark (in points) 0.000 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies 0.000 Total MacSim II Simulation N°1 Year 1 Country 6 : JAPAN 30/01/2018 08:21:08 Page 5.0 External trade Year 1 Current account in value Trade balance: deviation from benchmark (in points of GDP) -0.047 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.047 Total Export to import ratio: deviation from benchmark (in points) -0.270 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.270 Total Exports in volume Exports in volume : deviation from benchmark (in %) -0.020 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.020 Total Growth rate of exports in volume : deviation from benchmark (in points) -0.020 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.020 Total Imports in volume Imports in volume: deviation from benchmark (in %) 0.244 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies 0.244 Total MacSim II Simulation N°1 Year 1 Country 6 : JAPAN 30/01/2018 08:21:08 Page 5.1 External trade .... Growth rate of imports in volume: deviation from benchmark (in points) 0.248 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies 0.248 Total MacSim II Simulation N°1 Year 1 Country 6 : JAPAN 30/01/2018 08:21:08 Page 6.0 Public finance Year 1 Primary Government balance in value Primary Government balance : deviation from benchmark (in points of GDP) -0.033 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.033 Total Government balance in value Government balance: deviation from benchmark (in points of GDP) -0.036 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.036 Total Public spending in value Public spending : deviation from benchmark (in points of GDP) 0.043 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies 0.043 Total Fiscal revenue in value Public revenue in value : deviation from benchmark (in points of GDP) 0.007 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies 0.007 Total MacSim II Simulation N°1 Year 1 Country 6 : JAPAN 30/01/2018 08:21:08 Page 7.0 Prices Year 1 Consumer price index Consumer price index level: deviation from benchmark (in %) -0.003 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.003 Total Prices rate: deviation from benchmark (in points) -0.003 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.003 Total Salary rate Private sector salaries : deviation from benchmark (in %) -0.050 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.050 Total Growth rate of private sector salaries: deviation from benchmark (in points) -0.051 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.051 Total Public sector salaries : deviation from benchmark (in %) -0.050 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.050 Total MacSim II Simulation N°1 Year 1 Country 6 : JAPAN 30/01/2018 08:21:08 Page 7.1 Prices .... Growth rate of public sector salaries: deviation from benchmark (in points) -0.051 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.051 Total Short term interest rates Short term interest rate : deviation from benchmark (in points) -0.036 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.036 Total Long term interest rate Long term interest rate : deviation from benchmark (in points) -0.018 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.018 Total MacSim II Simulation N°1 Year 1 Country 6 : JAPAN 30/01/2018 08:21:08 Page 8.0 Households Year 1 Household disposable income in purchasing power Household disposable income : deviation from benchmark (in %) -0.065 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.065 Total Growth rate of household disposable income : deviation from benchmark (in points) -0.065 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.065 Total Household consumption in volume Household consumption in volume: deviation from benchmark (in %) -0.014 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.014 Total Growth rate of household consumption in volume: deviation from benchmark (in points) -0.015 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.015 Total Savings rate Savings rate : deviation from benchmark (in points) -0.049 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.049 Total MacSim II Simulation N°1 Year 1 Country 6 : JAPAN 30/01/2018 08:21:08 Page 8.1 Households .... MacSim II Simulation N°1 Year 1 Country 6 : JAPAN 30/01/2018 08:21:09 Page 9.0 Firms Year 1 Corporate investment in volume Corporate investment in volume (in %): deviation from the benchmark -0.192 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.192 Total Growth rate of corporate investment in volume : deviation from benchmark (in points) -0.170 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.170 Total Margin rate Margin rate : deviation from benchmark (in points) -0.005 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.005 Total Profit rate Corporate profit rate : deviation from benchmark (in points) -0.009 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.009 Total Production capacity utilization rate Production capacity utilization rate: deviation from benchmark (in points) -0.017 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.017 Total MacSim II Simulation N°1 Year 1 Country 6 : JAPAN 30/01/2018 08:21:09 Page 9.1 Firms.... MacSim II Simulation N°1 Year 1 Country 7 : LUXEMB0URG 30/01/2018 08:21:09 Page 1.0 Main Objectives Year 1 Target function Target function -0.301 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.301 Total GDP in volume GDP : Deviation from benchmark (in %) -0.431 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.431 Total GDP growth rate : Deviation from benchmark (in %) -0.446 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.446 Total Unemployment rate Unemployment rate : deviation from benchmark (in points) 0.087 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies 0.087 Total Prices Consumer price index level: deviation from benchmark (in %) 0.187 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies 0.187 Total MacSim II Simulation N°1 Year 1 Country 7 : LUXEMB0URG 30/01/2018 08:21:09 Page 1.1 Main Objectives .... Prices rate: deviation from benchmark (in points) 0.204 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies 0.204 Total Primary Government balance in value Primary Government balance : deviation from benchmark (in points of GDP) -0.136 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.136 Total Government balance in value Government balance : deviation from benchmark (in points of GDP) -0.098 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.098 Total Current account in value Trade balance: deviation from benchmark (in points of GDP) -0.636 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.636 Total MacSim II Simulation N°1 Year 1 Country 7 : LUXEMB0URG 30/01/2018 08:21:09 Page 2.0 Demand Year 1 Household consumption in volume Household consumption in volume: deviation from benchmark (in %) -0.077 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.077 Total Growth rate of household consumption in volume: deviation from benchmark (in points) -0.075 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies -0.075 Total Corporate investment in volume Corporate investment in volume (in %): deviation from the benchmark 1.459 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies 1.459 Total Growth rate of corporate investment in volume : deviation from benchmark (in points) 0.452 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies 0.452 Total Public demand in volume Public demand in volume : deviation from benchmark (in %) 0.000 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies 0.000 Total MacSim II Simulation N°1 Year 1 Country 7 : LUXEMB0URG 30/01/2018 08:21:09 Page 2.1 Demand .... Growth rate of public demand in volume: deviation from benchmark (in points) 0.000 Shock effects 0.000 Domestic Policies only 0.000 Other Country policies 0.000 Total Domestic demand in volume Domestic demand : deviation from benchmark (in %) 0.197 Shock effects 0.000 Domestic Policies only 0.000 Other Country
Compartilhar