Capitalytics

**Regression for Nominal GDP growth**

	Dependent variable (+/- SE):

	Nominal GDP growth

Constant	-16.491 (+/- 5.693)
	p = 0.008^***
Unemployment Rate	-7.015 (+/- 0.602)
	p = 0.000^***
US Avg Retail Gasoline Price ($-gal; all grades, all formulations)	3.845 (+/- 1.239)
	p = 0.005^***
20-year Treasury Yield	-126.317 (+/- 14.472)
	p = 0.000^***
LN_20-year Treasury Yield	377.254 (+/- 48.351)
	p = 0.00000^***
10-year Treasury Yield	165.480 (+/- 18.019)
	p = 0.000^***
LN_10-year Treasury Yield	-417.835 (+/- 31.657)
	p = 0.000^***
LN_1-month Treasury Yield	5.102 (+/- 1.653)
	p = 0.005^***
7-year Treasury Yield	-63.284 (+/- 10.172)
	p = 0.00001^***
LN_7-year Treasury Yield	166.828 (+/- 31.430)
	p = 0.00002^***
LN_6-month Treasury Yield	-22.895 (+/- 6.096)
	p = 0.001^***
LN_3-year Treasury Yield	-35.288 (+/- 8.799)
	p = 0.0005^***
LN_1-year Treasury Yield	26.164 (+/- 6.742)
	p = 0.001^***

Observations	40
R²	0.941
Adjusted R²	0.914
Residual Std. Error	2.551 (df = 27)
F Statistic	35.741^*** (df = 12; 27)

Note:	^p<0.1; ^p<0.05; ^**p<0.01