Table 2.

The values of steady-state parameters in the DSGE model.

Parameters	Interception	Value
$\beta$	Subjective discount factor	0.985
$\alpha$	Capital share on output	0.493
$\mathrm{\gamma }$	Labor share on output	0.349
$\mathrm{\delta }$	Capital Depreciation rate	0.025
$\eta$	Relative preference for leisure time	0.77