“…Literature applications include Ingenito and Trehan (1996), Baffigi et al (2004), Golinelli and Parigi (2007), Diron (2008), Hahn and Skudelny (2008), Rünstler et al (2009), Bulligan et al (2010), Angelini et al (2011), Camacho et al (2013), , Schumacher (2014) and Bulligan et al (2015). This paper employs the classical bridge equations procedure as outlined in Schumacher (2016).…”