RDP 2007-02: Current Account Defi cits: The Australian Debate
Equation (A3)
C
t
+
1
=
C
t
β
σ
(
1
+
r
)
σ
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaacbiGaa83qam aaBaaaleaacaWG0bGaey4kaSIaaGymaaqabaGccqGH9aqpcaWGdbWa aSbaaSqaaiaadshaaeqaaOGaeqOSdi2aaWbaaSqabeaacqaHdpWCaa GcdaqadaqaaiaaigdacqGHRaWkcaWGYbaacaGLOaGaayzkaaWaaWba aSqabeaacqaHdpWCaaaaaa@4636@