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RDP 2007-02: Current Account Defi cits: The Australian Debate
Equation (A1)
U
t
=
∑
s
=
t
∞
β
s
−
t
C
s
1
−
1
/
σ
−
1
1
−
1
/
σ
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaamyvamaaBa aaleaacaWG0baabeaakiabg2da9maaqahabaGaeqOSdi2aaWbaaSqa beaacaWGZbaccaGae8NeI0IaamiDaaaakmaalaaabaGaam4qamaaDa aaleaacaWGZbaabaGaaGymaiab=jHiTmaalyaabaGaaGymaaqaaiab eo8aZbaaaaGccqWFsislcaaIXaaabaGaaGymaiab=jHiTmaalyaaba GaaGymaaqaaiabeo8aZbaaaaaaleaacaWGZbGaeyypa0JaamiDaaqa aiabg6HiLcqdcqGHris5aaaa@507A@