Update transfers for Chowdhry, Hinz, Kamin & Wanner (2022) — update_transfer_chkw

Updates transfers following Chowdhry, Hinz, Kamin & Wanner (2022) equation (13).

update_transfer_chkw_2022(
  transfer,
  income_old,
  income_new,
  price_index_change,
  expenditure,
  expenditure_new,
  consumption_share,
  trade_share,
  trade_share_new,
  tariff,
  tariff_new,
  export_subsidy,
  export_subsidy_new,
  value_added,
  wage_change,
  trade_balance,
  price_change,
  coalition_member,
  model_dimensions,
  trade_balance_new = trade_balance
)

Arguments

transfer: Vector of transfers, dimension: country.
income_old: Matrix of old income, dimensions: country.
income_new: Matrix of new income, dimensions: country.
price_index_change: Matrix of change of price index, dimensions: country.
expenditure: Matrix of expenditures, dimensions: sector x country.
expenditure_new: Matrix of new expenditures, dimensions: sector x country.
consumption_share: Matrix of elasticities of substitution or consumption shares, dimensions: sector x country.
trade_share: Array of trade flows (FOB), dimensions: origin x destination x sector.
trade_share_new: Array of new trade flows (FOB), dimensions: origin x destination x sector.
tariff: Array of tariffs, dimensions: origin x destination x sector.
tariff_new: Array of new tariffs, dimensions: origin x destination x sector.
export_subsidy: Array of export taxes, dimensions: origin x destination x sector.
export_subsidy_new: Array of new export taxes, dimensions: origin x destination x sector.
value_added: Matrix of value added, dimension: country.
wage_change: Vector of change in wages, dimension: country.
trade_balance: Vector of aggregate trade balance, dimension: country.
price_change: Matrix of price index changes, dimensions: sector x country.
coalition_member: Vector of country codes with coalition members, dimension: country.
model_dimensions: List of model dimensions.
trade_balance_new: Vector of counterfactual aggregate trade balance, dimension: country.

Value

Vector of new transfers, dimensions: country.