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RDP 2007-02: Current Account Defi cits: The Australian Debate
Equation (A12)
C
A
t
=
λ
C
t
+
δ
(
D
t
C
t
)
+
∑
i
=
−
1
1
γ
t
Δ
C
t
−
i
+
u
t
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