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RDP 2005-09: The US Current Account Deficit: A Re-Examination of the Role of Private Saving
Equation (34)
P
t
∗
=
(
P
N
t
∗
)
δ
(
P
T
t
∗
)
1
−
δ
(
δ
−
δ
(
1
−
δ
)
δ
−
1
)
.
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