RDP 2005-09: The US Current Account Deficit: A Re-Examination of the Role of Private Saving
Equation
β
j
(
Y
j
W
)
1
−
ρ
+
...
(
Y
0
W
)
1
−
ρ
+
β
(
Y
1
W
)
1
−
ρ
+
β
2
(
Y
2
W
)
1
−
ρ
+
...
.
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