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RDP 2007-02: Current Account Defi cits: The Australian Debate
Equation (A7)
C
A
t
S
=
Z
t
−
Z
˜
t
=
−
∑
s
=
t
+
1
∞
(
1
1
+
r
)
s
−
t
Δ
Z
s
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