New MicroTSP Workfile+!{`chm> p\+CYa<0 x CCYa<+` \%CB.L<,` .CONS_NONDUR7L<,` 7CONS_SERVICES@L<,` @CONS_TOTAL*K1Ya<,` OLS_WHITE2Ya<` 0+RO2Ya<#` 8+RO12Ya<#`%2SYS1CYa< `8³̭3K?0Up?c-? %vmo?ˍ?FC?cuP.2?R?`ז ؁?CM?!⋛?2i? d,ءK?0v ي?k)W(%]?ԅa~?` c?gWƛ?V#)?:T?(!Jw:ԑ?UKO?-sxt?:'C$ 4rTw?}T䌀kb?z}ا?WQeZq?p[ر? À%W?OÑvq?V9ʮ?[ r?wN-ođ"6j? 8ne? Q?`{ ?э???|C#wbšez{?!! 4F?:Y{?}?5^I|?5Nƚg4MfƑ?ʮj?R[u%UM!?bNV5ր?_hb4|ؑQ? 6! ?)٠/\1!pХncfW+s?p;rTKReo& ?)r?ܟ? 리-Y?NYV?ƍ?M">:TwV+Ҕ?";? @?Z>?Qd1xp?Z_$?wFi2C?3rh?pSMZ:?e?3M}ſt?_#u{?KR>0?*Gp?e5~]]p?Q,uh?\?9'0֍?!H?5𤅋?*8 "?Ey1Z?UБ*S~y@܅[?CėC1Ð٦?cxk?j5$F?ODƥ^?贸̔?r#?+j0  9#ld ͋?]̅2| -t["?sJ㤿I??T?@U?F߼ W?ـʫ?8"?0{v?9sYX?Z+5֡?++V?>AHl,2?Z&0ڡu.{J0Y& KmNIͷ? }*]?kh^itb?z9Gxɠ:%3?84`?\"h?5R?hG`bE?,nQJI׏e !;oc#՟?a@@G 3#r?H.!?ce/wxn?;BuDF?q6EӃ*Ny?ɶ$ܽ?2 s?m(?U P?؂C?85ﳤ?CH'\O?2v=h?%: ?ռ@u C"Ȝ ?#?QGT?hur⎿?eG?=E~?jP4`?ڰl={?[.c?Y)?'?=eEUq[u?2l? z?sJ?љj??6.6?U_\u?q!?Rs^ޕ;#hҤ?->চt?c<?  \h?7!?lO?NcO?5^I ?=#`?4[s?f?eg/͢?k??E}q}%[mbآ`!>?$uz?H&J.?K? ,?F};l"?[Description] Corporate bonds net return for a holding period of one quarterMM2.BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8gffff@gffff@ȃ@@@@@@33333#@T@gffffF@̈@33333@gffffʄ@33333@gffff@)@gffff.@P@U@@@gffffz@gffff@33333φ@33333@i@(@33333_@@@@33333ۈ@gffff@gffff@33333#@33333@@Y@33333[@̐@@33333NJ@gffff@<@=@p@@̸@@@@gffff2@@8@@@ȍ@@@@T@L@@gffff@gffff@܍@@@@9@33333s@33333@̔@@fffff @%@P@fffffx@̦@33333@@33333͐@@@fffff@@ʐ@@fffff@@@33333@@@*@:@\@̖@@ԑ@@&@7@33333S@n@33333@33333@gffffܒ@33333@ @6@gffffP@l@33333i@33333u@gffff@ϓ@33333@33333=@33333A@A@33333s@̌@̞@@@33333u@gffffT@gffffp@gffffl@>@@@gffff@@@33333@*@@@s@@33333ו@@%@@@H@33333C@[Description] Quarterly consumption of non-durable items99g7BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8@x@̅@@U@}@33333g@33333@؆@I@d@ȇ@@a@@@33333@gffffV@؉@1@gffff@gffff @gffffj@33333Ë@@gffffn@Č@<@33333@@333337@33333@gffff@M@33333@@1@v@̮@@fffff@33333E@t@@33333@33333@gffff4@W@}@gffff@gffffܒ@33333#@q@33333@33333@D@gfffft@̮@Ԕ@33333@33333@4@N@~@@33333@33333@N@@̺@33333@S@̄@gffff@@<@@@33333@<@33333@33333@ՙ@@+@33333 @gffffZ@̰@@gffff@Ԛ@ݚ@@33333@33333I@gffff@@gffff\@@@.@d@gffff@@gffff@Ҟ@8@@gffff@۟@33333@8@fffffp@@@33333@gffff@gffff<@j@@33333@@@ݡ@@$@gffffD@7@,@L@R@`@@33333Ƣ@ڢ@ @@/@\@33333v@@̴@ģ@֣@@@>@[@[Description] Quarterly consumption of services00@BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8S@43333@ʔ@fffff@@L@fffff2@N@}@43333ϕ@43333Օ@(@^@@fffffʖ@@fffff@gffffB@@×@.@@gffff@$@j@ę@@@33333@?@fffffz@@@&@X@fffff@43333@p@۝@fffff@`@@fffff؞@,@33333@@gffff@@-@43333G@]@@gffffŠ@ @A@fffff@@ɡ@fffff@@@33333@fffff@@gffff@33333c@@@@fffff@K@@33333@gffff@fffff@#@_@@ɤ@@33333"@1@fffffQ@̄@43333@a@@fffff@̺@fffffڥ@fffff@@@@fffff'@43333g@fffff@43333ܦ@43333 @]@fffff@@43333@&@l@fffff@@@gffffH@fffffq@@ө@@Q@u@̜@@43333$@43333n@@̴@gffff@43333@43333$@fffffC@o@43333@43333r@43333V@43333@@43333@gffff@@-@@@@@33333@gffffA@̄@@خ@@=@b@|@[History] Modified: 1926:1 1995:4 // cons_total=cons_nondur+cons_services Modified: 1926:1 1995:4 // cons_total=cons_nondur+cons_services Modified: 1926:1 1995:4 // cons_total=cons_nondur+cons_services Modified: 1926:1 1995:4 // cons_total=cons_nondur+cons_services Modified: 1926:1 1995:4 // cons_total=cons_nondur+cons_services Modified: 1926:1 1995:4 // cons_total=cons_nondur+cons_servicesIM_'/Bnq4 Rf585?VJnʑ?'nirk_?uz]ʂA?o&$v+#x?6q?um㋿v%9Hך>d~)isJ1Qa"cޒɓ?ZiYRI9c?s?WtcM7Qs?'@js? ]?dT? 2?-˱?F0x==?S-?\ߘ?O&6?G?C*{D_SQo?y+"dow ?-w?n?4Lm^ ??E-9^ H~?Ecn?+v?ʡE?1pŪ?rR󰫔?|2Mr?bJ?^UA{tn~?Y=qJy?Ndkͤ}[d?o$Trnb[>nw(/st?b1>YTavtS hy?:z60~?N7{?p}?1CKÕ?>3X'}?Ul?،?grl?BY[%BY[%BY[%12?X|?$ r?c[l?ҧ>(J?2: vR?C] w?מYR?eI)v?}N:r?L1%b? ? d,aAk?%q?uq?&hq?j)`TQ?vj?g uj?*MFq?¾DQ?T;ۅ?JqAKQ?-Z_y?Q?w?CЇ|?c,t?h(h?|? ϛ? M?4mx0?`q99?OHЩ?\9{gU?W̎?9?^x?PO? Tk?5jt#?Y`4!?ЗE?+UX_x?['.+?[|w?/*~?$3I}?Mk ?G)n?OZ7ځ?0?I]??+ ?S:?A1?v|Ժ?qVDM?a+ ?]ʾ+?^ ?ur+)?puԎ}?^!jʏ?9`L?[,?d?:⯔?X$Ɉ?u_?uOpV?(A$:?Kǜg?R>G?̼ J?|^#?zuK?ǁW˝?+Gm+ ?Ej5?S?q%tB??=?-1?y2!?/ TD?R ?_ j?+9Cl?S^Z.v?V{?B;N?Q-qw?Yc|?ċ Zf?% °?ÒT?l?n?֣?:vB^?huo=?yw?Jtd?m#?ț}?EF ?yq?p;vH?<(@?>0?R:T^?Rf`X~?p(?Ŀ|pFt?,+ ˄?:п4wz?'\]?М)dq?r݈?Mv? &L9s?~)s?On?ſBv?g$_?qIr`?4՚A?b}?#r?Dp?[Description] Quarterly index of consumer price inflation::Tǝ ?)t?ܮ:Ƃ?ʆ?tk~X?N?E>}?$ӂ?{N?cO?$ҭ|?7*yE? c i?H) ?:n~?e녉?ް<-?:\?,?͋?$-? [?Xodž?UᾺΈ?'P?)v ?nx?A$a?G?qzj?q•o?QDu?YrUs?x)t?&vPx?)9y?5y?{w?5&u?z?H9d%v?a'4y?{?V?Vڿ |?G05[?H?@]NMЖ?K+?z&4|?S9Hx?Ds ?yд{? ~?7|?C{?7"/??-#Y?@eHȑ??D=FŒ?]?@XAY?mCą?Մ?BA @?S???BA?bĂ?-4?cS?+? ?@?>c?PV??u$?I5}y{?0|?K0?i"du?Cۄ?P?2HO?‹?%??Y֋?#o?>zq?X?7b]z̏?@ G?<%%9?م~?X g?&fB?H)?*f?bV ?Cz??ci7?Q?3+ʋ?U4SB?8ݑ??S ?U J?P?@`???;? 2Q6?m۶m?[?";G??O`3?hٽ 1?iP[o?5J7?xM ?y? 0G?r嵈?O1?h?Ʉ?nB?lsʃ?Է(?zN?)s4? tH?+O|?Π??|?c^~?5}?We|?c?g?|{?bcm/?7gS?M?ފ5?Y~~?`}?;V??c}? BG~?}?4+?}?XJu~?"z}?sTP?<^|?OL)? Qw?J??$<͙?Z7?ɒ|?jRG?T'"}?dDo|?1Gz?m4z?_{y?+ޥ |?Sc~?{**;?+N%?V?O]~6?AOb?{?rJ{?[) {?ف/Ԋ}?ѝy?kd{?)xB{?}?R}?u{y? /0?Q?yP%τ?މ?}4i?oΏ? Si?N0?ۓꗆ?)_.r?(HC?lWʃ?E?ttZ}l?U!@T?Ml?M;?$lL?i9B?y|m??̣&m?`_,M?`%?V?x?E߉?p ?Hݻ ?i·?rS٬?/n¿Mbm?ȘYڊ?߾?Oeÿ~:p?٬\m?[ A?lV}?Oe&†W?|a2U0*?|?5^?K7Aȿ:MĿۊeѿlʿ2%?Q??/nʿ/nr7d?Pkwl?PkwʿcZB>?<,Ԛ?I +&S?( 0?H}ſS㥫?St$?0*D?Ǻ?yX5;?}8gD?B>٬_Le) 0?]m{? ^)ː?b=y?Dl?ޓZ?k ?ŏ1w-?3?Q?(ͿMb?ǘ( a+e?ݵ|г?!u?Gz?b=y+eXo_?3 ???Cl?MbP? QI?!u?[B>٬?T㥛 Bi?a2U0*S&1?J4?UN@sJ4?9v?DJHPs46W[<,Ԛa+eAf2U0* ^)пGr?M?T㥛 ?;OnΈ o_??46<ׁsFMbX?(\V/ÿW2ı?c]Kǿgj+?lxz,CĿɿ-C6:?w/?&䃞ͪ?ڬ\mžۊe?_L?S㥋?St$?) 0?<,Ԋ7A`в?"u h"lx?ǘ?ё\C?rh|?Ciq^)?8gDio?}8gD?UN@?[<ǘ?I.!?V/?J +?6;Nё?&1¿V/?Zd; ?_vO?S?H.!?ZӼta2U0*3'†WʢK=UAf?H}mڬ\mž?@Ǩ?k g&?hs?o_?o_Q?}гY?jM?S㥫?2U0*пho?:pΈҮ?lxz,C|ݓZ?Biޱ?p= ף?H}HPsHP??ܵ|ȿu?Ps?J4aC?J4?Ac]K?Pkw&?ׁsF?'1Z?lxz,C?zG?'†Wʢ?S!uqy&10*D?46W[?qh? r?ŏ1w-ɿ-!lVſ.1ҿ\C˿Bi?j+?):?lV}ʿ 0* y?Oec?ZӼ˿,eX?ׁsF? ףp= ^)p?JY8ֵ? Oeȿj+ݣ?<,Ԛ}>W[?|a2U0*?sh|??~8gDi?a2U0*w-!l&†?X?y&1|?j+ݳ?z6?Bfj?gs? ?'†Wʲ?RQ?bX9ο%u?:pΈ1%䳿㥛 ?_Qk?Mb@?&†W?-ƻeX/n?)::M ?|?5^?M O?<,Ԋhs???a2U0*?oŏ1z):˿?n~jt?ZӼteX(~k ?_Qڋ?6>W[( o_Ι?J{/L??߮?+e?0*?_)Ǻ?W[재?Mbp+Χ?z6>W?&1ݵ|гea?/n2%䃞?гYںz6>Wz6?gj+?HP?S!uq?D9?2%䃞?MbX9' ?T㥛 d`T? h"lx o_Ω?o_?a2U0*3UN@s!rh?gsuV_οݓZ?k ?ׁ? h"l?F%u?<,Ԛ}?&S?o_?a4?a2U0*c???6;NёȘ?^)Ǻ? 0*?9#JX9vʡE?#?2U0*?]K=? rh?Pkwkw#?zG?St$?ioTx&1d]K QIgj+46<ѿ c?"uq ?v?J +vq -9v?EJY?jtF%upRoS?" j0?.*FyY |E?!?9y6P?ah? ,QG?q/E^{?Dý(?MKF^u |?P,?n٫?0q?ל؊]j?㺔t?Ag(IӐ? j2_l?[2F?=(F?)Eid?kuk?ID:4C橳?|^#?FXT?&8P?Ԃ?ad73j3߽'o?k6q6?E:MIȑ' :?\R}_cEh?-3?XRr?SͬB-zekX餭?xĬ?\z?S=M? ?sr?nڗ3fNeo/?~|Y|"?-ܨz:=Jq?1\~Om?5li?*ҳ?d?A+@~?Siu?G1膿:oG \gM.?3y ?!ބ6?^x?7esu?Zv^E]"(ȉ?Ru~8?nJ*u?"|9?^?LW8X?h?_sPw?8ηO؏^?6%Q[T?z0?R,n?uE?3 ?d߄?nLd '8y@@zߒwiLy?T07?q?(W${yLaP@ߤ? l){?\;˄?AvBmpf7? .03q?#m9?C:=dK[?? z?Y5ҭQ?hO̐?NwS?̹?URc?$g ?Ԋ%aYf~1+Z?|5Qv\n=x>_,F<]aGc2?2?z+BV?͘8jdӘ?B-h?۟uz??1Ǟ?Сiڥ?]?ʻH? YgуaUN~ϣ=?cmggՒ?z}֤?d鞘>"1¿dz/?-VмPXt?NkKD]1K&Ɋ?Jȩ?T^ P?@j?^;߫?K<=B}?dT kQ;.aV? m^>O:O Zڹ8CT? ,)?NNُ?t^c?pHu?RTV?IDA?y7#6nKXml?oD?zZٙѱ\.u?"?(1:? \?G? +NL?Db?j4_+IN=?QD4ޱ3?a,+̔?5w?^l?k} ?i?S6Q𹸢§? V$? Du?N9?veS?Te)\?͍R \ ?öߚ࠿%bzwBcÔ?#u?9ϼ?(H?Kp?[Description] Government Bonds holding period return55xBA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8BA8z6=@ִC@R@b1m@%ma@t1@_ <@;5> @o@D)@@UP@7@f@$@0x.@&82@=I8@dF@Mx;,N@ϡX`@&^`o@w @f>@bm@i֡@9#}@oJ@|Z4@e*@ 5̝@#@d@zٮI@pcA{@-$- @1@6Z8?*@.ŎS8@ 5@@p0YJ@2fR@m Y@d@PJao@r@+(}@O;D@j̊@~A@B@f<@J~qί@U<:@DžQ@@!:@@=@ ,@ǘu@_,9@r|z@v@'v@s@@P!0@Ŝx@M|Έ+@ʋ5@oK@?@(NK@YliS@X,}U@^@ViF4k@w@\w@ps@JӇ\@CUI@pMiy@tau@@N9@q}@,RR@s@W# @ؾ@yCyO@qF@Њ@"zz@b@\@zhc @;% @?u̼! @g qm& @Y;* @WAK- @nCW0 @VE4 @wAF: @TP> @gu"ZA @l}2|ND @d}J @aN @b(yS @>oW @UX @ĩjY @:!] @XvL` @qxc @h @~kf @örd @^g @!h @u?gg @'ØQn @iep @{)cs @jJy @32z @q9T| @2 @ϛ-c! @R} @k "n @3$k6: @>: @B @a\ @=VØ @!pj @[History] Modified: 1926:1 1995:4 // lnc=log(cons_total) Modified: 1926:1 1995:4 // lnc=log(cons_total) Modified: 1926:1 1995:4 // lnc=log(cons_total) Modified: 1926:1 1995:4 // lnc=log(cons_total) Modified: 1926:1 1995:4 // lnc=log(cons_total) Modified: 1926:1 1995:4 // lnc=log(cons_total)$$G9춿Y[ܻ?P>G=?K?S덹ֲ?k.L??6?eJo?R`iԴ?y?D}̸??V:? t?; G?L؆دԿ7ӎ?tɿ8M'T5ſ?} arڷ|ٿ>9 w}ü ̰Eڿ=2?4~~׳v,?ls[h[e?M(7?hXY3qͳ#̡?9[Vq]d? ?1V?;NwR?&@ya[믊?48zXú?u$?i V-)'¨g˿5+-Eǿtή?х|n?cL.i\?:5[4¿K`_U?ԪT?F0޸]p׺v?i8+!ȿF?<?l HĒDE:㒿S?6 u"¿3{8$Մ V?t?q?B(V%?A o?fTcffIUs? ]? Wђǂ7{kr?I7?Y./? ŵ?kzp?i-F?Qbz?ٟwѺҿJd7L6N[d1sp3҂>? lgэ7?̇)OΉ?c})?l{e*}?i8x?pL?Z-s?#:s?mQɈ?/5?xe(P&2nJ$?9< n?E_0A¥?%1u?[lqGsH1?7il5=җ鴳?hP??5 ͱٴ?95?P *?)o8Ѣ?ІHO}?M^Rb?ݩ}Z?$?ݍ-OUg? ͯl{?#2#,Iш%V7S?d Ҿs?nX?`4Eû? *,?p-?[ mi~h?_S9LƱh #q?va?wϪ۠d?ޮpj?WeZV?xEY?$Z?AK*ο0uo,?jD ?mL|?i?!WI?ǁKKf?uD-Y?c( mM`?9ݡ?D~?"B?MA%Zų?N%f?kɂKҨ)E!*$ ? Y#y`?sg?sW? vT{N?r#U,T?No?vh/?%t勵Ʉr/ԍxPb9S;οt?:J?.P͕?{/[^?Rk"t?u&{ݨ?gn1?~HyQqʛgEEYRt?~8(yjeǐ A56Կol?)vc??l!¿+Q4?J\p ?6O_`/?AEp?AH?&3fj?OߏA̪]rS\C%o??0/E/?ee?+7ݥ?qPjUHoZU4?fE^%?>Y U?roMC.:v qU¿E cό?=h:n]o򞶌?w1Q?Љ?s-T??X?ދas|:WV"h1j?q?QS9 ?8?bB}?g"5?`\?6^ݑ[f?D(? ?V{lVᦨ?>пY1g ?$ü3?+݃O1? K"?#0?Y<bݶ?R҇z r?{օ{%-W?OHſ{h\Qʲ?6Z/?TkHק?feZ=?*ٝ%y?"u?K ?zQ?5A %?F hb?ڤ^?Q<䨿o`Lxkg}?qyX-8?MRV?FIQ?r12?[History] Modified: 1926:1 1995:4 // lnr=log(real_ret) Modified: 1926:1 1995:4 // lnr=log(real_ret) Modified: 1926:1 1995:4 // lnr=log(real_ret) Modified: 1926:1 1995:4 // lnr=log(real_ret) Modified: 1926:1 1995:4 // lnr=log(real_ret) Modified: 1926:1 1995:4 // lnr=log(real_ret)'PB?P_G?t2UT?3S?H$Q8?o>f?:?w;?35[?Bɟ:?LD?}h0B?gM??g ?N0\%?@Y?үĿ^8?w1Bc?uJ?@&F?u#6G?gL|?!{X?C?O9?X}j$??i) ?SqG? V)?GJ2?D)?!f?"|SZ?gY^?+Ԉ?B?QNY?=%?EiGp?[n)?jv /G?n9?wM?P?/?CN?xk?\M??3{]rN?x?Rړ?!?+.?z:d8?E??XJjX?<?03?`+a?/ݾ?[!?L:?81+?y411?8~ yw? ]>?zȁL?``?(?'"X?J8c{ұ? 5.6??L?ta?vƌ?e?HC??G?#l{?2Ad[?kcŒ?Fh E?V?DX?}-#F?QU?7MD?06Q?:/?s?-?վw??L?M ? S4eO?үP?>m(3?3@W?+D*?)f$? ZL?M;?-㫔b?hd~??gVA?@; *?#񘉱 ?sAl?co,?JM?\E9S}?y;?04ۤX?{ݲ?O|?^(?iȄ?zWZ?0^?󗡒?(* ?{Õ?in[e?!Q7? ?:¦?A$}?<'@Y?)(?7_̺?w@)?iV?DM?7?9 - ?0?]͚[?ԂJH?Bor?X?(;?eT?#h@?ω^?4?W&`?s컄?ѬǰX?֧G,O?0?ԒI?A?ɁLj+l?<7 ?kK?m?F??TX?0(?J?쇟~?$?a~sS?I?`b"?"77?0](?^M?I?+?z?ߓ?,>??l4?^m09?#?iZB?16 ھ?ǻt?>T?N#?)?8oD/?{i?iY?"yR??|2?^3e?TG~?Rj`EB@&g\`l?>14?7[[@^%s?@"?4ki/?) ?*X?t7Ғ$?Ms?P?w3?E3b?#it"?N}~*E?Q" ?.0?G7[?=?rL2~?N[|_?~F?\j ?sӹ[?è.5Q?? 4?╨?'oG+?$?p(j? :?4Kq@?⦟c?Y2?a x?H(h?}T ?4L? ?PR? 递? *%?)ᨼ?"fU?d?V?+?ټE?1lv?Q"?[;B?XNjT?Կ??W"%9?]wL?PF'#e?.mb?L?Kp?Y~<5?x+L ?x[X9?pT|b?E~w?i?AL?$1a?a2?!'? Bx?lmEQ?c53?X׸f?O?qd;F?Y?:Ō?)?4JV2?}W?4??ܗ?6A1?^X?[b5?}gp? `[ ?lw?F?Ǻ?W/'?LnK?? `?)g?J?]m?7? 5t?gJy??;d_D?<3e8?q.Fl?hgJz??F]w?UDf? |:M? Pރ?QON?u@d?Cd ?hA?]bqs?i?P*oy? J``?̋l?5Sy?Yq˱?G?fH?-?a?\?$??,*?u)U?guB?$V?/I?N[ ?rS#?zt{?UO2?|6?d/?Z$?t?\!?Y?Cy?dbb?,>}p?1Xf?"1ԅ?C?>J ??Ij??SYO?馟?5u?][Ôj?1U?mgrB?C?ZIX?cJh?%0?|%5?VE?x겖?1Mqw? ? >? jC\?5?ԉo?-:,?6,?`x7.?(C?!M?u?M,d?&-Q?es&?첐?y ?eD?gU?}?%y?zH?"?SB'?tQv)?DR\~m?k KYu?-r0?#}?mGzK?נ6?N?~o@?Y?33?oH?bHA\w?~cC?KU ?J.Z?j 3Y?֖?$?&? ?J(υ3?{"?X+A?Hd??!M?>=g'?)J} ?$?md^?7G``=?z ?(aP8?|w?A(q?>I ?A,#?5 B??րN?b (?C?(&9?䅽?ͣ?z d?Pt?B]v?DY+?5?p1~A?7BY!?+e!?k?|9[?ic?/?-?7O?^X2?sE5?ؤ[0??<:?anE?f肈?d?NG?Dr* ?A<#i?q }v7?b.0*??_N?d? T?sN6v?R_~?l`X?#L?ҋ$?;hW?;jٲp2?YԢ?ôK:?Sbظ?1~?РJ?*?uئq?GPO?\GE?[History] Modified: 1926:1 1995:4 // real_ret2=(1+gb)/(1+cpi) Modified: 1926:1 1995:4 // real_ret2=(1+gb)/(1+cpi) Modified: 1926:1 1995:4 // real_ret2=(1+gb)/(1+cpi) Modified: 1926:1 1995:4 // real_ret2=(1+gb)/(1+cpi) Modified: 1926:1 1995:4 // real_ret2=(1+gb)/(1+cpi) Modified: 1926:1 1995:4 // real_ret2=(1+gb)/(1+cpi)BB`&5#z?{(FK?&=h?6?asB?[`@?L O?F?ͬޗh?*I?Z8dr9?ޢ V?Q2?6(~?-?%6?s.?﷣?r?N^?5,2?5?:$]$9?oG)?2??eV?W:a?^b?5>?CƎ?‡?HX&?Y?2YPi?b?s#?#&hP?3c?NL\?i2? ł?UN?7D?DE?: ?,?3?^?SpQ?J۶)d?; @?Mؓv?HB^?7F?: TŘ?mm'Z?g[UM'?9㵚?oi!;? 3?`.?=x]?} zv?Vk}#?Qg ??@?OY?ނdn?6O?|ʛ?PסG1?p8?9?rg?Vl?/#OI?\bA?:nn6?~r?+l2? kA?\~JL?{?Ό$?(ʛ?#6?E?X?HU?HI?tR?yCӚ?ELH?qJ? 5?"@?Xr?^L&?ܩ?}~l?k:\}?uX2??(?:=ʫ?Xt7?n3_s?;Ao?*٧Е?P?-%o7?dh@$1?/:?<{?7}?WѼ2?k_ώ?hvlY?S?vy?n?)J,?h?c#?Խ?pg1?%5???.0:? 8Ze?>\ 2?ȣE?-?1PE?cz?4|?"-?wN~?s,?g4?\8>b?9ꈇ4&?' =?H?"#o?ߘn?iK?N??| ?/!i A.??MM%?%?-Fϗr?ө>?O}VI?t]@ 9?MB?#?R?;N9}?Z,JGF?ё4Y ?+ ^?%?9"??UM%?jʟ?Tu/Ɉ?ΰx?.s?AƐ?;,8?gg?|)?qT? R̢?6? P֣ľ?Tt ?rؼ?"9?9j0j??8?T@_?CȒ?l?Y? Ā0?aW?;ց?C5S?޴?(Q?/y?n!?-?U ?IGbB?*m~_??n?I6l?1? 3?Њ?|?Oެ~aw?f-#?zpq?p| r?j #3?٤?,}?Kt!{W'?z?&J>S~?r*!^?y?˦mB5?[)yT?s> ?ik*?'&6T?}sQ?j>?]"?[History] Modified: 1926:1 1995:4 // real_ret3=(1+cb)/(1+cpi) Modified: 1926:1 1995:4 // real_ret3=(1+cb)/(1+cpi) Modified: 1926:1 1995:4 // real_ret3=(1+cb)/(1+cpi) Modified: 1926:1 1995:4 // real_ret3=(1+cb)/(1+cpi) Modified: 1926:1 1995:4 // real_ret3=(1+cb)/(1+cpi) Modified: 1926:1 1995:4 // real_ret3=(1+cb)/(1+cpi)BBTHL?AZ,?:#H#?>c?!=C?-rK?{??Q?ٚ&Y?BĤ6?3":O?)ʅ?Ӣ?H;ؠ?'+Qh)?l}3? wq?("*Ѐ?Rߩ7K?u`?nyF?n-V?r'f?}d}?Dܠ?_g?vt?W D4?g~c?fe.?)#??-)?ޕs?mF?M_ ?|?Q?\w6?ʬ\:?oB۔a?NŸ? ?$Xu?M.,1?|} ?I~ $e?Av'?_?.vm=?\v ?,|q?U`? v=?V S?-FkP?,8}?W`m?'>(?D? w?Fxz?#?ɟ?QO!?H!,?v螫?W?"Я ?ް~o?N0 ?? 88?*7IW?yjA?}4o?_d?b?ѭxͰ?:x?wH ? h0?s ?dނN?L3?0O ?. ?seyt\3?IFH?U Lr?XLКLN?9+`?}?'}??H?)?VR?${ ?Ր?ܹ(?x?g?*}>? 7 ?n?R`?b$>?;57 ?dHF%?b?ʅ??6Ɨ?M&?"?ݒX?2? '?bw? ?v? c ?o_4?:j.?4֒? . ?& ?){'?0?1?svԮ)?ۆ?W?G9ɋ?E?;F?DY?rZ:?EY7%?f u?' ?z?G>?QQ?*?+?>?E94"?[?9^"? ?$?YHqW ?XeU?υ~?#?Ev?1?(?Mӟ?=?@QV ?:HN?D,K\?ک?Nܐ ?R.Ǝ ?Kt?L?-{"?B??ӟh?fS?B)?M?P>?]5?p?O2 ?D?- س?0s?z?q?:&?>þ?}H! ?t1j_?L㢦?@%X?DEr?u=?bK?@ޑ?@Xps̿7 p?L nu?0_`Z?JQך#f7Tղ?@F ?@wh4{?P?mq˸hl I?H0X籼6)ѿ@6#?@9[?`}P?^k?gQXt?n?FL^:?y#G@Od؁?Rq?U*6?@ V4Be7?H*L?.~ Yˮ-nF2ut?`JZ"``A?cg?S?@;|j?BA8W,ћ?\'|?z |?WUX>?;7mi?6 ?{ )? ¢C\|?4k ?"a?0#? u7p?0@B9v?A&9 ?OrMd?z _?fT?թTK~?p,pt?ZHǬIm?Z(i?]gFc?@y|S?F0p?Uy?2yZ4`?ӑFn4M?-??A;:1?cZZ?`C??_">?+!HsN?; h; )?F(?&jo4? »;?qI8?(fn9?0@?5?Ĺ;?BwD?J:?jӷ/4?R;?(_U?$N? {5";?&|>u $?[ i&?khI@,22 d#?BJ ??fLg?S'I[be?6w\?zc1w?̔>ZL?K`L?OT?6`?LP$c?pG]d?c@Y`?#T?cg?K(g?8ÉXe?-e?-^jf?cN ~g?a#Xh??wDk?3k?D@4Hn?o?Jo?}n?:3f;p?ˇwr?A){p?O(rs?\w>u?H0[ws?==k?[@u %e?)\K`?7v@^?ca?ujoe?ǐjKl?)z:q?,2u?.Udw?$a:0y?L1y6w?P+P|?2>~?S!~?c"?N7t?(~T,t? #6 b?L ~h?J4u?Iy?` B{?3U~?#|R?z4Y̝Ӄ?!}?/nr?0t?hۆu?;+v?:*o&*t?Du?oNʛz?f({?6rU}?|'|?b@}?l9~E }?fbs 4?ˮb?>h?ms?l?{_?1!N?oq}?oO J?"v_1v?3 VՆ?u;O-W??5$?!9>⾊?pUj@?`?#Bk?u?p2`??9x?a?#h??Sz˄?X]?jCƙp? 'Lʆ?HV?0 "?M??pG?I~ď? <Ք?ï ?`+W.?(\•?Res0?1R?+`p?4^&_?;?PJ؍?B:}ш?Sm(C?lZJ7?}(:܈?7:QX?ËϮ?M8?}*s?@@%k?FZ*oG?Bf!ܑ?h O?U3k) ?ɸ?K`?:(< ?&ڝ?v稣?oɓ?DBˡ?҃'?6%?-Y?hB$G?w$?CœE?&?TAC?&?TTXZ?u W?9/??=^eC?T?I9y? 7t?G?ð &U?2?MW?}V)?cؼm? q4윋?i/z?iLFNJ?;ˇ#g?O7o?>-z?D)ƞ? ?sWe? *?fbge?coን?rSrN?.v2S?"?ck?Qa?x_ ? . GF?:Nv?0OBDœ?lؘ?vp?5? iz~?~ņ}?5O}?D~?qʻn:|? s ~?'/bq?$|g?|*?""_H=?~w?|r^$Ë?eb?[Description] Treasury Bills holding period return33Q(gS?ˊ?P?'r?7?eVb*?:L?Jg ?B?F(R?Br|?M8H?1eL?A?^5??3"`d??p?+d?9}pP?2rHF?C? Ɯ?iiO?@r:t?@ 8d??AH5?4|5`?1?/R?>D`?\E ?E?r\?Q?{ ?i?x^?xa?#lҀ?%ʃ?#_"?@fs ѐ?P ?Q:c&?,rì?n4\D?648?:%L?|)?9/D?8Hurb?2_f??z(y?_V?d?^u>?ܶn?Ew;?sX?V.?(>?S?ُ?I`ȑ?wˋU?lH~O?v8?"D`?a:? 0?-|I?Nf?yK޽?lr>c?'!?h uMz?b S}?%???QC8?z?} ?^9B?,U(?^F?@ ?\b#?vXK??JS?B?@p?l?6m>z?w*?p? " ?ʿa7?p1:4?+#?v$?7?V$tNJ? 8?4?.?HqmW?;Y^u?ݚߋ?w۩7?e?Zٍ*?o$ⴆ?!f׋?<?`Ģ?@?z}?:?Hl?>!!ׂ?)}Λ?Ѩ0`?. v?t{?i*e?X+d?2?Br??J2P??wT ?݇?pE7?>M?'$?O5E?97~?m}?}0~?I }/?|?"~0?L->f?-ްM?i)?^n?a}?ay?UYtg}?g6~?J|?6?t hz|?Xy~?X-|?ᄁ?f`}?vLb? VR?:y 7?9]? )?}~}? p?(?[~?I.|?UgHJ~?Gz[}?rA"???n/da?v?P?)ʦʂ?1#?6~?N;~?fX~?ޭ8 ?$x{?mJ|?E7{?<8V|?K{?E?׏?n;A9Ճ? ?c??Ԩ???(m?[XÇ? P?Dy?1,?SWK?= %?? C?9?J?{Լ?u?{Y?ڟ?zkd?Џ7Ao?65X?']?l-!?b0Bl?k?Zqu?rȳ~? ?o?,?$ോ?AJ? ɚ??EB?㜁$ ? Ne???v߆?O.?SȘ? $;?t>J? ݣ?pm?RK(? hU?M|ͫ?eK??yqvH?H@;?z[U?n+?hDA?Mef?+Z靃?/Nt?? ?GC?̤ӂ?`iX?Oi>z?7 Ń?9 \?>j?3G?I[?K(R??Ejl~?S?N5x~?Ar~?>hbL}?F9}?`{c|?TN|?\ͩ;?Ze?k?|?[v;?,bl|?$cC{?/3}?r@R?=B`{? kO?8J!:˼?;??/DpE?$;4?Rҿ j?%{bǿi@<ȵk1ƿʱ>?y~K@gտ̯+¿w>iudֿ_R?H_¿2^(Կ?f?x"S?nt,ѭdY`*^?c^'qz =?7}?2?+?p;M? mJzwgJ?#^ ?pFt0?2݁π$ez@ʿǿ5x_ ?ڵ'2?i?oJ¿{(w,??}-0ݸA8E?SvgſLƼ?>2^?CU*P gXِ?x'e?_?*NZ]OxTG`bE? ?3? lI?Y?/?SR:5?[^?[ ׮?ZG?Ԁǿ2/?|QQ#|ã>?T~?jUdgy2 n?@$ b1u5 ?0sO%gB?O?4pN?ܢ?#q?RT%-N3? JԢAr:OY̳?*?w?i?>?7?s1\*?:tzލ? ~b?.cTc?K?|2/ĂE/CE?4<%U>?@A4;gv ?N~@?K'G>?XR? ϖo?š#^?R` "PR?Xݏv,^?"?%;~?5 -?#Xd?ت"?ag=??1tRA˿ +_nZ?6t]??G?? C?*m ,?N0}^گ?lBd?_!?B?Vc?ּ@ujٴ?d[aU?;/9]2_c-ZY@[^Sd?(M?ʹ^ږ? 9r$? 3]:?o̊_@Bl?Tڇa,x?,쨝?0O`]qZ-O"n?<1b8qDb}VɿC?pҗ?0@l?f8?AݛwPU?Ρ?ҝUT?aߝ?PM`5t?ifUб$~}A?=C-A&yQ?iϿȃ!>D?HQF8~?ֽ;?dt &[N;?4Sr?o!8?dv/?HBQ?G^i氿f ۥ?=p^{?GW.!??ǚaض?"N4tn?P5Å?5!1?Me? n/v?.^a`?2f? 25?M/l??"4WY1a? 9?3SZK??3*@y?!ϵ?f??O?`¡ҿ &?="`+ȿM<ȿg}?DŽym+t`dֿ,JſIZ1׿+?-߄ÿd3vxp[>?0j&ybb?lp?Bןs<`h \]??Ǣx]i`~? \kF?r_ ?_p?yBm-U?{I?L>?1p ΊQhe.̿ ȿH ?۶?@ uf?.?N_ÿ Y?G|魿wݿQQu]Ԣ?<W渽~H ?_A)?w: ?e;?3~a?Aav长4*U?S#E?p섿j:?_#S?q%Ja/+?C>?BCZ|?aq\+y??ȿJGW?}&V@E :S*y?|?ɾAй?~Y;9vl nZ9S^+>??:>?m?p~т?d^(ҹ?_S€?=?Db'a\^_?|qF? ?ܮ#P?h cfޱ? gy|MZ P+Ӟ jz?"݂?d2A?w|?MfJ\?X=פ6?_c??eB?es?Tα?D{꒿ ]y?HYЫ0? ^qߺF@Gk6?*v~?LAnk?'4~?zZ55?n2?SX=~ ?lm@!*s?ehܞLq{Q?;?7rf۟?$&?i̿#EdXś?!?[&?恥?( ?;_E? d?qMY?;1?~T8}??n?d1и^=?Dݥ?1FeG`} S z1b?R"?<,Ԛ?v?b/oi]?J_᱿G`a0?/?z3?Ga K-7{3s?cpIU@0`Uʿz.?ZJ!?Ciq?DzY|행NJ<(?$X?vY vvʃ;?ev_?__l72AQǴp?>4aɼ699➿q ]?Qп}9i?O8?  &?"_`GR??S:X?KpX? ?**, ?cxnޓ?0^VjZz{l͍&V?q>@R?KjlRDrǰ? 'E&? а?_r\lA?]`T?iճ?^%un?5Ėas_}%?[!o^m%qߗcc?(?r`~g?e^R ?L0k*Y[] oB@s#k~o~?$hh|?6ٍs׵?q0?p]a\ҫ;P`g?@@?pًץ?&!9}?۴S?F@?'.,ɫ?, @MͿCU0??`P |Cu{?k衮??B`?ggص{q?qe?A.&@?)G?N¿70? Z?+%_ ܨ? wah?pfs?Ģ3z??z8ܢ'?\kX7? i_?Xpҧ?!ȅ '?v4KXԍh J'?]?o'?ٞ=?[Description] Ex-dividend holding period return on the value-weighted NYSE indexQQ)$fvY@|1]EMX2?Sample(adjusted): 1959:2 1995:3Included observations: 146 after adjusting endpointsNo prewhiteningBandwidth: Andrews (3.49)Kernel: QuadraticConvergence achieved after: 15 weight matricies, 16 total coef iterations&F02Ya< 55,aqJJ'A?' o?c-?B=AQS''¢?1 ?bg#$v͇? (S?6~*dnHr(?VÿQĿvE?uʿĶz+?A||ǿ?L ;ɿ%ZUEQv?Iam9?g$]¿fw?-'XA?i&Ch3n~]HM ?^6c?(X3Π!z??ɲD:_? \G?#$Vf?6/_2'm?#?zk?L(9{b9gar1=(1/(1+C(1)))*(REAL_RET(+1))*(CONS_TOTAL/CONS_TOTAL(+1))^C(2) 1926:1 1995:4 C CONS_TOTAL(-1) REAL_RET REAL_RET(-1)C(1) C(2) 1-((1/(1+C(1)))*(REAL_RET(+1))*(CONS_TOTAL/CONS_TOTAL(+1))^C(2) )1959:2 1995:3BA8BA8}(Nô?BA8Sd!\Q?BA8BA8BA8H'|?BA8dL?BA8BA8@@b@BA8`@yQ M9^пdh_m?G2Ӣ?$q)?ysy3쀎ƽπWald Test:Equation: GMM_LINEARNull Hypothesis:F-statisticProbabilityChi-squareProbabilityZ(Z     V,VD 2Ya56 y>#]>> 2Ya<+ ` \V ;@2+tV"E `&lnA2Ya<`n2Ya<n юn?`Aԃ~0x`?H4nH W{ྭ)\:?5 _,?m C0?n2Ya<` nRoA"PM@RͺLAAp3t;F_#AVz o׃dA>"E`&lnA2Ya<`   R oA"PM@Variable"$ogAp3t;"E `&lnAHg} }g}g} 2Ya< CriableΝQ?T`?ķg۰?zs[I?lNyLNCable-l1xv032,@~aA?[AU@ &߿=?8BLNC^2leHh} b">TDb ?Bƣ\?jqO/դ?lo2Ya<e`-R(?B#"?+)g?Bp?LNR(1)eabHi}.KF22?v_do0%H A} БFͭ1pxj}o2Ya<yw?o`"#?oM/ \1KoiGB?k}% (>p <1,p2Ya<zF@Dp :ΆqX?\plNyػBlC?[Atpck?̐W@32!@Yh,  ,Y?-l ?7@3U?= ?BG쾩k} }l} @ř@_@!4@@4+?pT?T{?LNC(+1) C LNC LNR(+1)1926:1 1995:4C(1) C(2) C(3) C LNC LNR(1) LNC(1)LNC(1) = C(1) + C(2)*LNC + C(3)*LNR(1)1959:1 1995:3?iG8@7@?#A?i=6R>r?X<fg?CҝɠDf@8n Ayٙ?BA8BA8BA8@`b@fg?`@?"N!?h+{V ྜྷ=\>[>8`>Sample(adjusted): 1959:1 1995:3Included observations: 147 after adjusting endpointsNewey-West HAC Standard Errors & Covariance (lag truncation=4)F0q2Ya< 55?? vǦ?d;1?W?NSiw''Kjivr?B 蔌?Y"?cs;3i?>dOsȷOx?WKx0D?c#=?(m?9!v?k:sXUic$dtkYB=FRrn3|jf+{t??-pP?be?!i}?kIl]dy|0_bR2 шp!aʛ7?^F|?R/!^&juΘl4Tl}/{*?Pd;q? 6vz k8 X]sDcJt=v,3?v7#y$Ȥ?zMbMbP?`chmSeries: Residuals Sample 1959:1 1995:3 Observations 147 Mean 2.54E-16 Median 0.000190 Maximum 0.013281 Minimum -0.015893 Std. Dev. 0.004423 Skewness -0.602068 Kurtosis 4.557607 Jarque-Bera 23.74102 Probability 0.000007 "Arialc-|}8$22 1 30Residuals"Arialc-|}8bEht Z A??@??@@@@@@A`AAA@AA@PA@@@?@@?Wald Test:Equation: OLSNull Hypothesis:F-statisticProbabilityChi-squareProbabilityZ(Z 4?M ^ j v < C(2)=1 H&%@ W?H&%@0 S? White Heteroskedasticity Test:F-statistic ProbabilityObs*R-squared ProbabilityTest Equation:Dependent Variable: RESID^2Method: Least SquaresDate: 02/06/02 Time: 17:26Sample: 1959:1 1995:3Included observations: 147Newey-West HAC Standard Errors & Covariance (lag truncation=4)CoefficientStd. Errort-StatisticLNC*LNR(1) Mean dependent varAdjusted R-squared S.D. dependent varS.E. of regression Akaike info criterionSum squared resid Schwarz criterionLog likelihood F-statisticDurbin-Watson stat Prob(F-statistic)dnnZ  *6FTds?? 2 > I U`w(3 37j?3 2?3x=r@4 Y ? ,4D4\4t4444 Variable445Prob. Criable?yca?xO9?ߋ?LNCabley>pЀA?Õtm?A?5?LNC^2lem혃@wL?ֹӧ#;w?5{#'?^6"?FW?&7?LNR(1)e{A0 _qVzeSQ?M&ET?LNR(1)^2*F˶:·&?y[C? R-squared dl|?45>`>L5 {rd5 fH?|5(*S?5115Uyѷ>5!"Hj15|a<@57j? 6\jUS:?$6 2? Pw[NH)o_C(1) C(2) Equation(1) Equation(2) Equation(3) Equation(4) Equation(5) 1926:1 1995:4³̭3K?0Up?216>&W5Fٔ?Í{?0B? X_??(`? $?׊?Oa^?ha?)-"?g*]li?*c,`g?QM[(?7Lf?*y&?n09M ?dBA8BA8BA8BA8YG?BA85 `?BA8BA8BA8sO?BA8BA8BA8BA8@@b@BA8BA8BA8BA8BA8BA8BA8~ $?BA8c.C^?BA8BA8BA8)ʦQ?BA8BA8BA8BA8@@b@BA8BA8BA8BA8BA8BA8BA8PO?BA8]D4?BA8BA8BA8F֒?BA8BA8BA8BA8@@b@BA8BA8BA8BA8BA8BA8BA8pwx#?BA8?BA8BA8BA8-Xя?BA8BA8BA8BA8@@b@BA8BA8BA8BA8BA8BA8BA88޼|?BA80N:|?BA8BA8BA8#S(?BA8BA8BA8BA8@@b@BA8BA8BA8Estimation Method: Generalized Method of MomentsSample: 1959:2 1995:3Included observations: 146Total system (balanced) observations 730Instruments: C CONS_TOTAL(-1) REAL_RET(-1) REAL_RET1(-1) REAL_RET2(-1) REAL_RET3(-1) REAL_RET4(-1)No prewhiteningBandwidth: Andrews (2.03)Kernel: QuadraticSimultaneous weighting matrix & coefficient iterationConvergence achieved after: 40 weight matricies, 41 total coef iterationsB=AN1-((1/(1+C(1)))*(REAL_RET(+1))*(CONS_TOTAL/CONS_TOTAL(+1))^C(2)) 1-((1/(1+C(1)))*(REAL_RET1(+1))*(CONS_TOTAL/CONS_TOTAL(+1))^C(2)) 1-((1/(1+C(1)))*(REAL_RET2(+1))*(CONS_TOTAL/CONS_TOTAL(+1))^C(2)) 1-((1/(1+C(1)))*(REAL_RET3(+1))*(CONS_TOTAL/CONS_TOTAL(+1))^C(2)) 1-((1/(1+C(1)))*(REAL_RET4(+1))*(CONS_TOTAL/CONS_TOTAL(+1))^C(2))  @+==K++&+.+x+ 6 x,CYa< 11///))0cc90000660JJ1X1@9@aMj?+UO\11=(1/(1+C(1)))*(REAL_RET(+1))*(CONS_TOTAL/CONS_TOTAL(+1))^C(2) 1=(1/(1+C(1)))*(REAL_RET1(+1))*(CONS_TOTAL/CONS_TOTAL(+1))^C(2) 1=(1/(1+C(1)))*(REAL_RET2(+1))*(CONS_TOTAL/CONS_TOTAL(+1))^C(2) 1=(1/(1+C(1)))*(REAL_RET3(+1))*(CONS_TOTAL/CONS_TOTAL(+1))^C(2) 1=(1/(1+C(1)))*(REAL_RET4(+1))*(CONS_TOTAL/CONS_TOTAL(+1))^C(2) INST C CONS_TOTAL(-1) REAL_RET(-1) REAL_RET1(-1) REAL_RET2(-1) REAL_RET3(-1) REAL_RET4(-1) 1926:1 1995:4D7gmm2*  !"#$%&'()*TR78