Skip to content
RDP 2005-09: The US Current Account Deficit: A Re-Examination of the Role of Private Saving
Equation (39)
P
H
t
C
H
t
=
(
1
−
δ
)
θ
(
P
H
t
P
T
t
)
1
−
ε
P
t
C
t
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaamiuamaaBa aaleaacaWGibGaamiDaaqabaGccaWGdbWaaSbaaSqaaiaadIeacaWG 0baabeaakiabg2da9maabmaabaGaaGymaGGaaiab=jHiTiabes7aKb GaayjkaiaawMcaaiabeI7aXnaabmaabaWaaSaaaeaacaWGqbWaaSba aSqaaiaadIeacaWG0baabeaaaOqaaiaadcfadaWgaaWcbaGaamivai aadshaaeqaaaaaaOGaayjkaiaawMcaamaaCaaaleqabaGaaGymaiab =jHiTiabew7aLbaakiaadcfadaWgaaWcbaGaamiDaaqabaGccaWGdb WaaSbaaSqaaiaadshaaeqaaaaa@51D7@