Table 1:

Estimated gap model coefficients with standard errors in parentheses, if available.

Variable	Parameter	Estimate	Variable	Parameter	Estimate
Intercept	β0	−1.965 (0.629)	$h_t^{\mathcal{l}}$	β5	1.183 (0.284)
$e_{0,m,1953}^{\mathcal{l}}$	β1	0.010 (0.003)		σG	0.494
$G_{t-1}^{\mathcal{l}}$	β2	0.896 (0.010)		ϖ	61
$e_{0,m,t}^{\mathcal{l}}$	β3	0.041 (0.011)		L	0.03
${\left(e_{0,m,t}^{\mathcal{l}}-\varpi \right)}_{+}$	β4	−0.102 (0.012)		U	13.35
R2			0.934