Deflators
Do output and GDP deflators apply to all models? I have an Institutional Spending Pattern model looking at household spending in which I cannot tell if Output and GDP deflators are being applied. If they do apply, is there a way for me to manually alter these deflators for certain event years? I am on a very tight deadline, so if someone could respond in short order, it would be much appreciated.
Thanks,
Andrew
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Hi Andrew! Output deflators are indeed applied to the coefficients in spending patterns - they are applied behind-the-scenes and don't show up by way of changed Event values. However, you can prove it to yourself by setting the LPPs to 100% and then clicking the "Preview" button - there you will see the deflated values and you will notice that the Sum of Event Values is no longer 1.00.
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