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RDP 2007-02: Current Account Defi cits: The Australian Debate
Equation (A9)
[
Δ
Ζ
t
C
A
t
S
]
=
[
ψ
11
ψ
12
ψ
21
ψ
22
]
[
Δ
Ζ
t
−
1
C
A
t
−
1
S
]
+
[
ε
1
t
ε
2
t
]
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