 Notation  Description  Value 
  Consumption share  0.56   gvmtex share  0.2   Capital share  1/3   Discount rate  0.99   Capital depreciation rate  0.025   Adjustment cost  1.79   Utility function  1.49   NKPC  0.037   Bond share  0.25   Net export share  −0.1   Tax elasticity  0.9   Local gvtex elasticity  0.9   Central gvtex elasticity  0.9   Import elasticity  0.1 or 0.3   Import elasticity  0.1 or 0.3   Import elasticity  0.1 or 0.3   Import elasticity  0.1 or 0.3   Monetary policy rule  1.5   Closing parameter  0.01 

