Subject: The current account concept Posted: 5/10/2015 Viewed: 8292 times
is there a specific detailed definition of the current account?
and how would you choose it if you have sufficient data for a series of 20 previous years?
Subject: Re: The current account concept Posted: 5/10/2015 Viewed: 8261 times
The Current Account will be the first year of your model, which you specify in the menu "General" (General/Years and Time Steps). Note that the "General" menu is not available in the Results view.
If you have 20 years of data, you can use some (or all) of that data for calibration, in case you want to extend you model into the future. So, depending on your goals, pick the year range of your model, and the Current Account year will be the first year.
Subject: Re: The current account concept Posted: 5/11/2015 Viewed: 8251 times