
\begin{center}\label{table:calibration1}
\begin{tabular}{cd{5}l}
\\ \toprule
\multicolumn{3}{c}{\textbf{Macroeconomic Parameters} }
\\ $\varepsilon$ & 0.36 & Capital's Share of Income
\\ $\daleth$ & 0.94^{1/4} & Depreciation Factor
\\ $\sigma_{\Theta}^{2}$ & 0.00001 & Variance Aggregate Transitory Shocks
\\ $\sigma_{\Psi}^{2}$ & 0.00004 & Variance Aggregate Permanent Shocks
\\ \midrule
\multicolumn{3}{c}{ \textbf{Steady State of Perfect Foresight DSGE Model} } \
\\ \multicolumn{3}{c}{ $(\sigma_{\Psi}=\sigma_{\Theta}=\sigma_{\psi}=\sigma_{\theta}=\wp=\PDies=0$, $\Phi_t = 1)$} \
\\ $\breve{K}/\breve{K}^{\varepsilon}$ & $12.$ & SS Capital to Output Ratio
\\ $\breve{K}$ &\approx 48.55& SS Capital to Labor Productivity Ratio ($=12^{1/(1-\varepsilon)}$)
\\ $\breve{\Wage}$ &\approx 2.59 & SS Wage Rate ($=(1-\varepsilon)\breve{K}^{\epsilon}$)
\\ $\breve{\mathsf{r}}$ &=0.03 & SS Interest Rate ($=\varepsilon \breve{K}^{\varepsilon-1}$)
\\ $\breve{\mathcal{R}}$ &\approx 1.014& SS Between-Period Return Factor ($=\daleth + \breve{\mathsf{r}}$)
\\  \bottomrule
\end{tabular}
\end{center}
