Skip to content
RDP 2005-09: The US Current Account Deficit: A Re-Examination of the Role of Private Saving
Equation (28)
C
0
Y
0
W
=
γ
0
(
Y
0
W
)
1
−
ρ
+
β
γ
1
(
Y
1
W
)
1
−
ρ
+
β
2
γ
2
(
Y
2
W
)
1
−
ρ
+
...
(
Y
0
W
)
1
−
ρ
+
β
(
Y
1
W
)
1
−
ρ
+
β
2
(
Y
2
W
)
1
−
ρ
+
...
.
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaWaaSaaaeaaca WGdbWaaSbaaSqaaiaaicdaaeqaaaGcbaGaamywamaaDaaaleaacaaI WaaabaGaam4vaaaaaaGccqGH9aqpdaWcaaqaaiabeo7aNnaaBaaale aacaaIWaaabeaakmaabmaabaGaamywamaaDaaaleaacaaIWaaabaGa am4vaaaaaOGaayjkaiaawMcaamaaCaaaleqabaGaaGymaGGaaiab=j HiTiabeg8aYbaakiabgUcaRiabek7aIjabeo7aNnaaBaaaleaacaaI XaaabeaakmaabmaabaGaamywamaaDaaaleaacaaIXaaabaGaam4vaa aaaOGaayjkaiaawMcaamaaCaaaleqabaGae8xmaeJae8NeI0IaeqyW dihaaOGaey4kaSIaeqOSdi2aaWbaaSqabeaacaaIYaaaaOGaeq4SdC 2aaSbaaSqaaiaaikdaaeqaaOWaaeWaaeaacaWGzbWaa0baaSqaaiaa ikdaaeaacaWGxbaaaaGccaGLOaGaayzkaaWaaWbaaSqabeaacqWFXa qmcqWFsislcqaHbpGCaaGccqGHRaWkcaGGUaGaaiOlaiaac6caaeaa daqadaqaaiaadMfadaqhaaWcbaGaaGimaaqaaiaadEfaaaaakiaawI cacaGLPaaadaahaaWcbeqaaiaaigdacqWFsislcqaHbpGCaaGccqGH RaWkcqaHYoGydaqadaqaaiaadMfadaqhaaWcbaGaaGymaaqaaiaadE faaaaakiaawIcacaGLPaaadaahaaWcbeqaaiaaigdacqWFsislcqaH bpGCaaGccqGHRaWkcqaHYoGydaahaaWcbeqaaiaaikdaaaGcdaqada qaaiaadMfadaqhaaWcbaGaaGOmaaqaaiaadEfaaaaakiaawIcacaGL PaaadaahaaWcbeqaaiaaigdacqWFsislcqaHbpGCaaGccqGHRaWkca GGUaGaaiOlaiaac6caaaGaaiOlaaaa@850B@