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RDP 2005-09: The US Current Account Deficit: A Re-Examination of the Role of Private Saving
Equation (29)
C
0
=
(
1
−
β
˜
)
Y
0
[
1
+
β
˜
γ
1
γ
0
+
β
˜
2
γ
2
γ
0
+
…
]
.
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