======================================================================
SECTION 3.2a — illustrative consumer-price leak
  Leak = kappa_W * (Delta / mu*) * (1 - s_t)
======================================================================
Mode B central (kappa_W=0.03, mu*=0.15, s_t=0):
   leak = $54B  =  0.24% of M2   [paper: ~$54B, 0.24%]
Mode B band: $22B - $136B = 0.10% - 0.61% of M2   [paper: $22B-$136B, 0.10%-0.61%]
Mode A central: $16B = 0.07% of M2   [paper: ~$16B, 0.07%]

Decline of the leak as the locked-float share s_t rises (Mode B central):
   s_t=0.00  ->  0.24% of M2
   s_t=0.25  ->  0.18% of M2
   s_t=0.50  ->  0.12% of M2
   s_t=0.75  ->  0.06% of M2
   s_t=0.90  ->  0.02% of M2
   [paper: 0.24 / 0.18 / 0.12 / 0.06 / 0.02 %]

======================================================================
SECTION 6.5 — illustrative structural-buyer valuation premium
  A* = gross - L_t ;  premium (level) = (A*/CAP) / phi
======================================================================
Net absorption A* as drawdown L_t ramps up:
   L_t= 40%  ->  A* = $163B/yr = 0.24% of cap
   L_t= 60%  ->  A* = $109B/yr = 0.16% of cap
   L_t= 90%  ->  A* = $27B/yr = 0.04% of cap
   [paper: $163B/0.24% , $109B/0.16% , $27B/0.04%]

Valuation premium at mid drawdown (A*=$109B, 0.16% of cap):
   phi= 0.5  ->  premium = 0.32% of valuation level
   phi= 1.0  ->  premium = 0.16% of valuation level
   phi= 2.0  ->  premium = 0.08% of valuation level
   [paper: 0.32% / 0.16% / 0.08%]

======================================================================
GENERAL FORMULA — structural-buyer flow f = A*/M_index
  A* = (1-kappa_d)*g_r*M2 + kappa_d*K1_agg ;  f ~= (1-kappa_d)*g_r*(M2/M_index)
======================================================================
  inputs: g_r=2%, M2=$22,366B, M_index=$69,000B, K1_agg=$9B
  kappa_d=0.00:  A*=$447B  ->  f=0.65% of index   (approx no-K1: 0.65%)
  kappa_d=0.40:  A*=$272B  ->  f=0.39% of index   (approx no-K1: 0.39%)
  kappa_d=0.60:  A*=$184B  ->  f=0.27% of index   (approx no-K1: 0.26%)
  [paper: kappa_d=0 -> 0.65% ; 0.40 -> 0.39% ; 0.60 -> 0.27%]

  Transactional-circuit injection under Mode B (kappa_d=0.40):
     asset-circuit spillover (leak) : $54.4B  = 0.24% of M2
     K3 dividend (direct to goods)  : $175.3B  = 0.78% of M2
     total transactional injection  : $229.7B  = 1.03% of M2
     [paper: $54.4B/0.24% + $175.3B/0.78% = $229.7B/1.03% of M2; bounded by price-stability locus]

All illustrative magnitudes reproduce the figures printed in
Sections 3.2a and 6.5 of Neo-Solon (2026e).
