Bulletin – June Quarter 2013 Equation (2)

M j t = c + ( α 1 + α 2 * D P o s t 2005 , t ) X j t + ( β 1 + β 2 * D P o s t 2005 , t ) D D j t + δ X R j t + ( η j + T t + ε j t ) MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGceaqabeaaqaaaaa aaaaWdbiaad2eapaWaaSbaaSqaa8qacaWGQbGaamiDaaWdaeqaaOGa eyypa0Jaam4yaiabgUcaRiaacIcacqaHXoqydaWgaaWcbaGaaGymaa qabaGccqGHRaWkcqaHXoqydaWgaaWcbaGaaGOmaaqabaGccaGGQaGa amiramaaBaaaleaacaWGqbGaam4BaiaadohacaWG0bGaaGOmaiaaic dacaaIWaGaaGynaiaacYcacaWG0baabeaakiaacMcacaWGybWaaSba aSqaa8qacaWGQbGaamiDaaWdaeqaaOGaey4kaSIaaiikaGGaaiab=j 7aInaaBaaaleaacaaIXaaabeaakiabgUcaRiab=j7aInaaBaaaleaa caaIYaaabeaakiaacQcacaWGebWaaSbaaSqaaiaadcfacaWGVbGaam 4CaiaadshacaaIYaGaaGimaiaaicdacaaI1aGaaiilaiaadshaaeqa aOGaaiykaiaadseacaWGebWaaSbaaSqaa8qacaWGQbGaamiDaaWdae qaaaGcbaGaey4kaSIaeqiTdqMaamiwaiaadkfadaWgaaWcbaWdbiaa dQgacaWG0baapaqabaGccqGHRaWkcaGGOaGaeq4TdG2aaSbaaSqaai aadQgaaeqaaOGaey4kaSIaamivamaaBaaaleaacaWG0baabeaakiab gUcaRGGaciab+v7aLnaaBaaaleaapeGaamOAaiaadshaa8aabeaaki aacMcaaaaa@79CA@