RDP 2005-09: The US Current Account Deficit: A Re-Examination of the Role of Private Saving Equation (43)

γ H t = ( 1 − δ ) [ θ P H t 1 − ε θ P H t 1 − ε + 1 − θ Γ 0 + ( 1 − θ ) P H t 1 − ε ( 1 − θ ) P H t 1 − ε + θ ( 1 − Γ 0 ) ] MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaeq4SdC2aaS baaSqaaiaadIeacaWG0baabeaakiabg2da9maabmaabaGaaGymaGGa aiab=jHiTiabes7aKbGaayjkaiaawMcaamaadmaabaWaaSaaaeaacq aH4oqCcaWGqbWaa0baaSqaaiaadIeacaWG0baabaGaaGymaiab=jHi Tiabew7aLbaaaOqaaiabeI7aXjaadcfadaqhaaWcbaGaamisaiaads haaeaacaaIXaGae8NeI0IaeqyTdugaaOGaey4kaSIaaGymaiab=jHi TiabeI7aXbaacqqHtoWrdaWgaaWcbaGaaGimaaqabaGccqGHRaWkda WcaaqaamaabmaabaGaaGymaiab=jHiTiabeI7aXbGaayjkaiaawMca aiaadcfadaqhaaWcbaGaamisaiaadshaaeaacaaIXaGae8NeI0Iaeq yTdugaaaGcbaWaaeWaaeaacaaIXaGae8NeI0IaeqiUdehacaGLOaGa ayzkaaGaamiuamaaDaaaleaacaWGibGaamiDaaqaaiaaigdacqWFsi slcqaH1oqzaaGccqGHRaWkcqaH4oqCaaWaaeWaaeaacaaIXaGae8Ne I0Iaeu4KdC0aaSbaaSqaaiaaicdaaeqaaaGccaGLOaGaayzkaaaaca GLBbGaayzxaaaaaa@76AB@