added explanation to PermGroFacAgg
@@ -1426,7 +1426,7 @@ init_perfect_foresight = {
'aNrmInitStd' : 1.0, # Standard deviation of log initial assets (only for simulation)
'pLvlInitMean' : 0.0, # Mean of log initial permanent income (only matters for simulation)
'pLvlInitStd' : 0.0, # Standard deviation of log initial permanent income (only matters for simulation)
- 'PermGroFacAgg' : 1.0,# Aggregate permanent income growth factor (only matters for simulation)
+ 'PermGroFacAgg' : 1.0,# Aggregate permanent income growth factor: portion of PermGroFac attributable to aggregate productivity growth (only matters for simulation)
'T_age' : None, # Age after which simulated agents are automatically killed
'T_cycle' : 1 # Number of periods in the cycle for this agent type
}
@@ -2208,7 +2208,7 @@ class IndShockConsumerType(PerfForesightConsumerType):
'''
Check Individual Growth Impatience Factor.
'''
- self.GPFInd = self.thorn/(self.PermGroFacAgg*self.PermGroFac[0]*self.InvEPermShkInv) # [url]/#GICI
+ self.GPFInd = self.thorn/(self.PermGroFac[0]*self.InvEPermShkInv) # [url]/#GICI
name = 'GIC'
test = lambda agent: agent.GPFInd <=1
