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default_params.json
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default_params.json
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{
"real_int_rate": {
"param_type": "economic assumption",
"description": "real interest rate (relevant to the investment)",
"source": "assumed",
"value": [0.075]
},
"inflation_rate": {
"param_type": "economic assumption",
"description": "Expected annual inflation rate",
"source": "assumed based on CBO forcast of CPI inflation",
"value": [0.024]
},
"real_financial_return": {
"param_type": "economic assumption",
"description": "Real gross rate of return on an investment, including supernormal returns",
"source": "assumed",
"value": [0.2]
},
"debt_financing": {
"param_type": "economic assumption",
"description": "Debt financing share of the investment",
"source": "based on historical data",
"value": [0.32]
},
"new_equity_financing": {
"param_type": "economic assumption",
"description": "New equity (not retained earnings) financing share of the investment",
"source": "assumed",
"value": [0.0]
},
"corp_investment_share": {
"param_type": "economic assumption",
"description": "C-corporation share of private fixed investment",
"source": "based on calculation from Jason Debacker",
"value": [0.545]
},
"incshare_capital": {
"param_type": "economic assumption",
"description": "Share of total income accruing to capital",
"source": "BLS data for 2015",
"value": [0.406]
},
"capincshare_equip": {
"param_type": "economic assumption",
"description": "Share of capital income accruing to equipment",
"source": "BLS data for 2015",
"value": [0.297]
},
"capincshare_struc": {
"param_type": "economic assumption",
"description": "Share of capital income accruing to structures",
"source": "BLS data for 2015",
"value": [0.275]
},
"capincshare_ip": {
"param_type": "economic assumption",
"description": "Share of capital income accruing to intellectual property",
"source": "BLS data for 2015",
"value": [0.202]
},
"capincshare_rr": {
"param_type": "economic assumption",
"description": "Share of capital income accruing to rental residential capital",
"source": "BLS data for 2015",
"value": [0.061]
},
"ccr_method": {
"param_type": "corporate tax baseline",
"description": "Capital cost recovery method",
"source": "",
"value": ["DDB"]
},
"corptax_rate": {
"param_type": "corporate tax baseline",
"description": "Statutory corporate income tax rate",
"source": "",
"value": [0.35]
},
"int_deductibility": {
"param_type": "corporate tax baseline",
"description": "Fraction of interest paid deductible",
"source": "",
"value": [1.0]
},
"dividend_credit": {
"param_type": "corporate tax baseline",
"description": "Rate of credit available on dividends paid",
"source": "",
"value": [0]
},
"mtr_interest": {
"param_type": "individual income tax baseline",
"description": "MTR on marginal investor's interest income",
"source": "",
"value": [0.392]
},
"mtr_dividends": {
"param_type": "individual income tax baseline",
"description": "MTR on marginal investor's dividend income",
"source": "",
"value": [0.2]
},
"mtr_capitalgains": {
"param_type": "individual income tax baseline",
"description": "MTR on marginal investor's capital gains (not accrual effective)",
"source": "",
"value": []
},
"cg_holding_period": {
"param_type": "individual income tax baseline",
"description": "Equity holding period for marginal investor",
"source": "",
"value": [5]
}
}