Skip to content
RDP 2005-09: The US Current Account Deficit: A Re-Examination of the Role of Private Saving
Equation (21)
P
t
C
t
Y
t
W
=
(
1
−
β
˜
t
)
[
R
t
B
t
Y
t
W
+
γ
t
+
β
∗
γ
t
+
1
+
(
β
∗
)
2
γ
t
+
2
+
…
]
,
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaWaaSaaaeaaca WGqbWaaSbaaSqaaiaadshaaeqaaOGaam4qamaaBaaaleaacaWG0baa beaaaOqaaiaadMfadaqhaaWcbaGaamiDaaqaaiaadEfaaaaaaOGaey ypa0ZaaeWaaeaacaaIXaaccaGae8NeI0IafqOSdiMbaGaadaWgaaWc baGaamiDaaqabaaakiaawIcacaGLPaaadaWadaqaamaalaaabaGaam OuamaaBaaaleaacaWG0baabeaakiaadkeadaWgaaWcbaGaamiDaaqa baaakeaacaWGzbWaa0baaSqaaiaadshaaeaacaWGxbaaaaaakiabgU caRiabeo7aNnaaBaaaleaacaWG0baabeaakiabgUcaRiabek7aInaa CaaaleqabaGaey4fIOcaaOGaeq4SdC2aaSbaaSqaaiaadshacqGHRa WkcaaIXaaabeaakiabgUcaRmaabmaabaGaeqOSdi2aaWbaaSqabeaa cqGHxiIkaaaakiaawIcacaGLPaaadaahaaWcbeqaaiaaikdaaaGccq aHZoWzdaWgaaWcbaGaamiDaiabgUcaRiaaikdaaeqaaOGaey4kaSIa eSOjGSeacaGLBbGaayzxaaGaaiilaaaa@660D@