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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
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