Bulletin – June 2015
Equation (A1)
%
Δ
W
P
I
t
P
r
i
v
a
t
e
=
α
+
β
1
N
A
I
R
U
g
a
p
t
−
1
+
β
2
N
A
I
R
U
g
a
p
t
−
2
+
β
3
Δ
U
R
t
−
1
+
β
4
B
o
n
d
l
n
f
X
t
−
1
+
β
5
B
o
n
d
l
n
f
X
t
−
2
+
β
6
B
o
n
d
l
n
f
X
t
−
3
+
β
7
%
Δ
G
D
P
d
e
f
t
−
1
+
e
t
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGceaqabeaacaGGLa GaeuiLdqKaam4vaiaadcfacaWGjbWaa0baaSqaaiaadshaaeaacaWG qbGaamOCaiaadMgacaWG2bGaamyyaiaadshacaWGLbaaaOGaeyypa0 JaeqySdeMaey4kaSIaeqOSdi2aaSbaaSqaaiaaigdaaeqaaOGaamOt aiaadgeacaWGjbGaamOuaiaadwfacaWGNbGaamyyaiaadchadaWgaa WcbaGaamiDaiabgkHiTiaaigdaaeqaaOGaey4kaSIaeqOSdi2aaSba aSqaaiaaikdaaeqaaOGaamOtaiaadgeacaWGjbGaamOuaiaadwfaca WGNbGaamyyaiaadchadaWgaaWcbaGaamiDaiabgkHiTiaaikdaaeqa aaGcbaGaey4kaSIaeqOSdi2aaSbaaSqaaiaaiodaaeqaaOGaeuiLdq KaamyvaiaadkfadaWgaaWcbaGaamiDaiabgkHiTiaaigdaaeqaaOGa ey4kaSIaeqOSdi2aaSbaaSqaaiaaisdaaeqaaOGaamOqaiaad+gaca WGUbGaamizaiaadYgacaWGUbGaamOzaiaadIfadaWgaaWcbaGaamiD aiabgkHiTiaaigdaaeqaaOGaey4kaSIaeqOSdi2aaSbaaSqaaiaaiw daaeqaaOGaamOqaiaad+gacaWGUbGaamizaiaadYgacaWGUbGaamOz aiaadIfadaWgaaWcbaGaamiDaiabgkHiTiaaikdaaeqaaaGcbaGaey 4kaSIaeqOSdi2aaSbaaSqaaiaaiAdaaeqaaOGaamOqaiaad+gacaWG UbGaamizaiaadYgacaWGUbGaamOzaiaadIfadaWgaaWcbaGaamiDai abgkHiTiaaiodaaeqaaOGaey4kaSIaeqOSdi2aaSbaaSqaaiaaiEda aeqaaOGaaiyjaiabfs5aejaadEeacaWGebGaamiuaiaadsgacaWGLb GaamOzamaaBaaaleaacaWG0bGaeyOeI0IaaGymaaqabaGccqGHRaWk caWGLbWaaSbaaSqaaiaadshaaeqaaaaaaa@A1CB@