RDP 2005-09: The US Current Account Deficit: A Re-Examination of the Role of Private Saving Equation (2)

P t + 1 C t + 1 P t C t = β R t + 1 . MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaWaaSaaaeaaca WGqbWaaSbaaSqaaiaadshacqGHRaWkcaaIXaaabeaakiaadoeadaWg aaWcbaGaamiDaiabgUcaRiaaigdaaeqaaaGcbaGaamiuamaaBaaale aacaWG0baabeaakiaadoeadaWgaaWcbaGaamiDaaqabaaaaOGaeyyp a0JaeqOSdiMaamOuamaaBaaaleaacaWG0bGaey4kaSIaaGymaaqaba GccaGGUaaaaa@4832@