RDP 2005-09: The US Current Account Deficit: A Re-Examination of the Role of Private Saving Equation

Γ 0 = 1 − β 1 − α β γ 0 + β ( 1 − α ) 1 − α β γ ¯ . MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaeu4KdC0aaS baaSqaaiaaicdaaeqaaOGaeyypa0ZaaSaaaeaacaaIXaaccaGae8Ne I0IaeqOSdigabaGaaGymaiab=jHiTiabeg7aHjabek7aIbaacqaHZo WzdaWgaaWcbaGaaGimaaqabaGccqGHRaWkdaWcaaqaaiabek7aInaa bmaabaGaaGymaiab=jHiTiabeg7aHbGaayjkaiaawMcaaaqaaiaaig dacqWFsislcqaHXoqycqaHYoGyaaGafq4SdCMbaebacaGGUaaaaa@52D6@