Bulletin – September 2015
Equation (A1)
Δ
ln
P
t
=
1.52
(
1.40
)
+
0.92
(
0.19
)
Δ
D
e
b
t
_
I
n
c
o
m
e
t
+
0.09
(
0.03
)
G
a
p
t
−
1
+
ε
t
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