Skip to content
RDP 2005-09: The US Current Account Deficit: A Re-Examination of the Role of Private Saving
Equation (53)
C
A
t
Y
t
V
=
1
−
[
1
−
β
1
−
α
β
+
β
(
1
−
α
)
1
−
α
β
γ
¯
γ
t
]
.
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaWaaSaaaeaaca WGdbGaamyqamaaBaaaleaacaWG0baabeaaaOqaaiaadMfadaqhaaWc baGaamiDaaqaaiaadAfaaaaaaOGaeyypa0JaaGymaGGaaiab=jHiTm aadmaabaWaaSaaaeaacaaIXaGae8NeI0IaeqOSdigabaGaaGymaiab =jHiTiabeg7aHjabek7aIbaacqGHRaWkdaWcaaqaaiabek7aInaabm aabaGaaGymaiab=jHiTiabeg7aHbGaayjkaiaawMcaaaqaaiaaigda cqWFsislcqaHXoqycqaHYoGyaaWaaSaaaeaacuaHZoWzgaqeaaqaai abeo7aNnaaBaaaleaacaWG0baabeaaaaaakiaawUfacaGLDbaacaGG Uaaaaa@5A16@