RDP 2005-09: The US Current Account Deficit: A Re-Examination of the Role of Private Saving
Equation
(
1
−
β
)
R
t
B
t
=
(
1
−
G
t
W
R
t
)
R
t
B
t
=
(
R
t
−
G
t
W
)
B
t
.
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaWaaeWaaeaaca aIXaaccaGae8NeI0IaeqOSdigacaGLOaGaayzkaaGaamOuamaaBaaa leaacaWG0baabeaakiaadkeadaWgaaWcbaGaamiDaaqabaGccqGH9a qpdaqadaqaaiaaigdacqWFsisldaWcaaqaaiaadEeadaqhaaWcbaGa amiDaaqaaiaadEfaaaaakeaacaWGsbWaaSbaaSqaaiaadshaaeqaaa aaaOGaayjkaiaawMcaaiaadkfadaWgaaWcbaGaamiDaaqabaGccaWG cbWaaSbaaSqaaiaadshaaeqaaOGaeyypa0ZaaeWaaeaacaWGsbWaaS baaSqaaiaadshaaeqaaOGae8NeI0Iaam4ramaaDaaaleaacaWG0baa baGaam4vaaaaaOGaayjkaiaawMcaaiaadkeadaWgaaWcbaGaamiDaa qabaGccaGGUaaaaa@56DC@