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RDP 2005-09: The US Current Account Deficit: A Re-Examination of the Role of Private Saving
Equation (7)
Γ
t
≡
(
1
−
β
)
[
γ
t
+
β
γ
t
+
1
+
β
2
γ
t
+
2
+
…
]
.
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaeu4KdC0aaS baaSqaaiaadshaaeqaaOGaeyyyIO7aaeWaaeaacaaIXaaccaGae8Ne I0IaeqOSdigacaGLOaGaayzkaaWaamWaaeaacqaHZoWzdaWgaaWcba GaamiDaaqabaGccqGHRaWkcqaHYoGycqaHZoWzdaWgaaWcbaGaamiD aiabgUcaRiaaigdaaeqaaOGaey4kaSIaeqOSdi2aaWbaaSqabeaaca aIYaaaaOGaeq4SdC2aaSbaaSqaaiaadshacqGHRaWkcaaIYaaabeaa kiabgUcaRiablAcilbGaay5waiaaw2faaiaac6caaaa@5589@