Table 2: Steady-state values (gamma given).

RemittancesRemittancesRemittancesRemittances
0% of GDP2% of GDP5% of GDP10% of GDP

Inflation1.04501.04501.04501.0450
Nominal interest rate 0.05770.05770.05770.0577
Nom. interest on bonds 0.05770.05770.05770.0577
Capital/output ratio 10.181010.181010.181010.1810
Investment0.30980.30520.29890.2878
Capital12.392212.206011.954211.5137
Hours worked0.25910.25520.250.2407
Output 1.21721.19891.17421.1309
Real wages2.81852.81852.81852.8185
Consumption1.01211.01741.02461.0372
Remittances 00.02400.05640.1132
Bonds 8.61858.48908.31388.0075
Real money balances 1.32191.29961.26941.2167
Real money cash 1.05761.04161.01990.9820
Real money deposits 0.26430.25800.24950.2347
0.31600.31430.31220.3084
Trade balance−0.1047−0.1031−0.1010−0.0973
Utility99.806099.811299.818299.8304