%CBDC parameters

chi_dc=0.5;          %weight to CBDC/Cash preferences in Utility function
       
Gamma=0.5;         %median household preference for cash

sigma=0.96;% survival rate of bank
theta=0.38; %fraction of diverted asset
ksi=0.0067;%transfer to new bank 4.16*10^(-4)
eta=1.5;%investment adjust coefficient
taokss=0.00;
%Behavioural equations
beta=0.99;   %discount factor


h=0.75;        %habit persistence  

% chi=;        %weight of labor (computed in steady state)  

phi=1;         %inverse of Frish labor elasticity
   
mi=0.5;          %weight of cash in the utility function
midc=0.5;

delta=0.025;  %depreciation rate of capital

alpha=0.3;     %technology

GYss=0.2;      %Gov. spending / Output in steady state


rho_dc=2;
Xss=1.05;
thetap=0.75;% the probability of not adjusting prices
kappa=(1-thetap)*(1-beta*thetap)/ksi;
Rss=1/beta;

rhoa=0.95;
rho_rdc=0.92;
rhoR=0.92;
phiy1=0.26;
phiy2=0.26;
phipai=1.5;
