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RDP 2005-09: The US Current Account Deficit: A Re-Examination of the Role of Private Saving
Equation
A
=
1
−
2
γ
H
t
1
−
δ
;
B
=
γ
H
t
1
−
δ
+
Γ
0
−
1
;
C
=
Γ
0
(
1
−
2
γ
H
t
1
−
δ
)
+
γ
H
t
1
−
δ
−
1
;
D
=
2
(
γ
H
t
1
−
δ
−
1
)
.
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