Skip to content
RDP 2005-09: The US Current Account Deficit: A Re-Examination of the Role of Private Saving
Equation (27)
C
0
+
R
1
−
1
C
1
+
R
1
−
1
R
2
−
1
C
2
+
…
=
Y
0
+
R
1
−
1
Y
1
+
R
1
−
1
R
2
−
1
Y
2
+
…
+
R
0
B
0
.
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaacbiGaa83qam aaBaaaleaacaaIWaaabeaakiabgUcaRiaadkfadaqhaaWcbaGaaGym aaqaaGGaaiab+jHiTiaaigdaaaGccaWGdbWaaSbaaSqaaiaaigdaae qaaOGaey4kaSIaamOuamaaDaaaleaacaaIXaaabaGae4NeI0IaaGym aaaakiaadkfadaqhaaWcbaGaaGOmaaqaaiab+jHiTiaaigdaaaGcca WGdbWaaSbaaSqaaiaaikdaaeqaaOGaey4kaSIaeSOjGSKaeyypa0Ja amywamaaBaaaleaacaaIWaaabeaakiabgUcaRiacmc4GsbWaiWiGDa aaleacmcOaiWiGigdaaeacmcOamWiG+jHiTiacmciIXaaaaOGaamyw amaaBaaaleaacaaIXaaabeaakiabgUcaRiaadkfadaqhaaWcbaGaaG ymaaqaaiab+jHiTiaaigdaaaGccaWGsbWaa0baaSqaaiaaikdaaeaa cqGFsislcaaIXaaaaOGaamywamaaBaaaleaacaaIYaaabeaakiabgU caRiablAciljabgUcaRiaadkfadaWgaaWcbaGaaGimaaqabaGccaWG cbWaaSbaaSqaaiaaicdaaeqaaOGaaiOlaaaa@6A4B@