RDP 2005-09: The US Current Account Deficit: A Re-Examination of the Role of Private Saving
Equation (5)
(
1
1
−
β
)
P
0
C
0
=
R
0
B
0
+
Y
0
W
(
γ
0
+
β
γ
1
+
β
2
γ
2
+
…
)
.
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