Bulletin – June 2014 Equation

Δ s a v i n g r a t i o ¯ 21 = X ¯ 2 β ^ 2 X ¯ 1 β ^ 1 = X ¯ 1 ( β ^ 2 β ^ 1 ) + ( X ¯ 2 X ¯ 1 ) β ^ 2 MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaeuiLdq0aa0 aaaeaacaWGZbGaamyyaiaadAhacaWGPbGaamOBaiaadEgacaaMc8Ua amOCaiaadggacaWG0bGaamyAaiaad+gaaaWaaSbaaSqaaiaaikdaca aIXaaabeaakiabg2da9maanaaabaGaamiwaaaadaWgaaWcbaGaaGOm aaqabaGcdaahaaWcbeqaaOGamai4gkdiIcaacuaHYoGygaqcamaaBa aaleaacaaIYaaabeaakiabgkHiTiqadIfagaqeamaaBaaaleaacaaI XaaabeaakmaaCaaaleqabaGccWaGGBOmGikaaiqbek7aIzaajaWaaS baaSqaaiaaigdaaeqaaOGaeyypa0JabmiwayaaraWaaSbaaSqaaiaa igdaaeqaaOWaaWbaaSqabeaakiadacUHYaIOaaWaaeWaaeaacuaHYo GygaqcamaaBaaaleaacaaIYaaabeaakiabgkHiTiqbek7aIzaajaWa aSbaaSqaaiaaigdaaeqaaaGccaGLOaGaayzkaaGaey4kaSYaaeWaae aaceWGybGbaebadaWgaaWcbaGaaGOmaaqabaGcdaahaaWcbeqaaOGa mai4gkdiIcaacqGHsislceWGybGbaebadaWgaaWcbaGaaGymaaqaba GcdaahaaWcbeqaaOGamai4gkdiIcaaaiaawIcacaGLPaaacuaHYoGy gaqcamaaBaaaleaacaaIYaaabeaaaaa@7401@