User's guide to the Venezuelan macrofinancial model

Abstract

This paper presents a user's guide and documentation for a macrofinancial model of Venezuela. This model was developed under a DOE International Affairs Division grant (contract no. EX-76-A-01-2295) for the project, "A Financial Model of Oil Supply for an Oil-Producing Country." Also, this work was partially supported by the M.I.T. Center for Energy Policy Research. The theoretical development and results of the model are found in Dailami (1979).1 The reader is referred to that paper for an in-depth discussion of the model. This present working paper concerns only the technical aspects of the simulation model and the data developed to support the model. The model is described in Section 2 which includes all of the equations of the model, possible uses of the simulation structure, and detailed instructions on how to actually run the model on TROLL.2 Section 3 concerns the time series data developed for this study. Both the derivation of the data and a guide to their datafile storage on TROLL are included.