RDP 2005-09: The US Current Account Deficit: A Re-Examination of the Role of Private Saving
Equation (20)
P
0
C
0
Y
0
W
=
(
1
−
β
˜
0
)
[
R
0
B
0
Y
0
W
+
γ
0
+
β
*
γ
1
+
(
β
*
)
2
γ
2
+
…
]
,
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