RDP 2007-02: Current Account Defi cits: The Australian Debate
Equation (A4)
C
t
∗
=
(
r
+
υ
1
+
r
)
W
t
w
h
e
r
e
υ
≡
1
−
β
σ
(
1
+
r
)
σ
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaqbaeaabeWaaa qaaGqaciaa=neadaqhaaWcbaGaamiDaaqaaiabgEHiQaaakiabg2da 9maabmaabaWaaSaaaeaacaWGYbGaey4kaSIaeqyXduhabaGaaGymai abgUcaRiaadkhaaaaacaGLOaGaayzkaaGaam4vamaaBaaaleaacaWG 0baabeaaaOqaaiaadEhacaWGObGaamyzaiaadkhacaWGLbaabaGaeq yXduNaeyyyIORaaGymaiabgkHiTiabek7aInaaCaaaleqabaGaeq4W dmhaaOWaaeWaaeaacaaIXaGaey4kaSIaamOCaaGaayjkaiaawMcaam aaCaaaleqabaGaeq4Wdmhaaaaaaaa@5764@