
\begin{center}\footnotesize
\begin{tabular}{@{}lrrc@{}}\\
\toprule
     Variable & \multicolumn{1}{c}{Reduced-Form Model }& \multicolumn{1}{c}{Structural Model }& \multicolumn{1}{c}{Actual $\Delta s_t$ }\\
\midrule
$\gamma_m\times\Delta m_t$ & $ -1.18 \times -1.39 = 1.64 $ & $ -0.85 \times -1.39 = 1.18 $ & \\
$\gamma_\CEA\times\Delta \CEA_t$ & $ -6.12 \times -0.11 = 0.64 $ & $ -6.49 \times -0.11 = 0.68 $ &  \\
$\gamma_{Eu}\times\Delta \Ex_t u_{t+4} $ & $ 0.29 \times 4.33 = 1.24 $ & $ 0.30 \times 4.33 = 1.30 $ & \\
\midrule
Explained $\Delta s_t$ &  3.53 &  3.15 & 2.93\\
\bottomrule
\end{tabular}
\end{center}
