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Update calibration docs to match PR #48 parameter values and sources#53

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SeaCelo merged 1 commit into
EAPD-DRB:mainfrom
SeaCelo:feature/docs-calibration-update
May 11, 2026
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Update calibration docs to match PR #48 parameter values and sources#53
SeaCelo merged 1 commit into
EAPD-DRB:mainfrom
SeaCelo:feature/docs-calibration-update

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@SeaCelo SeaCelo commented May 11, 2026

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Updates the calibration docs to match the parameter changes in #48. Also fills in sections for a few parameters that weren't documented before.

Changes:

  • macro.md: updated foreign debt ratio, transfers, and government spending with the new values and sources (BTr Q4 2025, World Bank WDI 2023, DBM BESF 2026). Added new sections for remittances and the government interest rate, neither of which was documented before. Small note added explaining the pre-pandemic window used for the productivity growth target.
  • government.md: spelled out the BESF source with a link, and updated transfer, spending, and infrastructure values to match Update ogphl_default_parameters.json #48.
  • taxes.md: updated the personal income tax rates. Replaced the "bequest taxes are set to zero" line with the 6% TRAIN Law estate tax. Added a one-liner on the average income figure used in tax function estimation.
  • exogenous_parameters.md: refreshed the parameter table to reflect the new values.

Depends on #48 — the numbers here match the JSON values in that PR. This PR only updates documentation, no code or JSON changes.

@SeaCelo SeaCelo marked this pull request as ready for review May 11, 2026 19:06
@SeaCelo SeaCelo force-pushed the feature/docs-calibration-update branch from 63591f6 to e826305 Compare May 11, 2026 19:38
@SeaCelo SeaCelo merged commit a86a1fd into EAPD-DRB:main May 11, 2026
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@SeaCelo SeaCelo deleted the feature/docs-calibration-update branch May 11, 2026 19:44
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