Bulletin – June 2014 Equation

s a v i n g r a t i o i = β ( y i y i * ) + X i + ε i . MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaam4Caiaadg gacaWG2bGaamyAaiaad6gacaWGNbGaaGPaVlaadkhacaWGHbGaamiD aiaadMgacaWGVbWaaSbaaSqaaiaadMgaaeqaaOGaeyypa0JaeqOSdi 2aaeWaaeaacaWG5bWaaSbaaSqaaiaadMgaaeqaaOGaeyOeI0IaamyE amaaDaaaleaacaWGPbaabaGaaiOkaaaaaOGaayjkaiaawMcaaiabgU caRiaadIfadaWgaaWcbaGaamyAaaqabaGccqGHRaWkcqaH1oqzdaWg aaWcbaGaamyAaaqabaGccaGGUaaaaa@5455@