Contents. 1. Introduction and overview. 2. Distributed lags. 3. Personal consumption expenditures. 4. Fixed investment spending. 5. Change in business inventories. 6. International trade. 7. Income distribution. 8. Employment and unemployment. 9. Wages and prices. 10. Financial markets and monetary policy. 11. Government demand, fiscal policy, and budgetary accounts. 12. Full model and policy simulations.