RDP 2005-09: The US Current Account Deficit: A Re-Examination of the Role of Private Saving
Equation
A
=
1
−
2
γ
H
t
1
−
δ
;
B
=
γ
H
t
1
−
δ
+
Γ
0
−
1
;
C
=
Γ
0
(
1
−
2
γ
H
t
1
−
δ
)
+
γ
H
t
1
−
δ
−
1
;
D
=
2
(
γ
H
t
1
−
δ
−
1
)
.
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaamyqaiabg2 da9iaaigdaiiaacqWFsisldGaJaUaaaeacmcOaiWiGikdacWaJas4S dC2aiWiGBaaaleacmcOaiWiGdIeacGaJaoiDaaqajWiGaaGcbGaJak acmciIXaGamWiG=jHiTiadmciH0oazaaGaai4oaiaadkeacqGH9aqp daWcaaqaaiabeo7aNnaaBaaaleaacaWGibGaamiDaaqabaaakeaaca aIXaGae8NeI0IaeqiTdqgaaiabgUcaRiabfo5ahnaaBaaaleaacaaI Waaabeaakiab=jHiTiaaigdacaGG7aacbiGaa43qaiaa+1dacqqHto WrdaWgaaWcbaGaaGimaaqabaGcdaqadaqaaiaaigdacqWFsisldaWc aaqaaiaaikdacqaHZoWzdaWgaaWcbaGaamisaiaadshaaeqaaaGcba GaaGymaiab=jHiTiabes7aKbaaaiaawIcacaGLPaaacqGHRaWkdaWc aaqaaiabeo7aNnaaBaaaleaacaWGibGaamiDaaqabaaakeaacqWFXa qmcqWFsislcqaH0oazaaGae8NeI0IaaGymaiaacUdacaGFebGaa4xp aGqaaiaa9jdadaqadaqaamaalaaabaGaeq4SdC2aaSbaaSqaaiaadI eacaWG0baabeaaaOqaaiaaigdacqWFsislcqaH0oazaaGae8NeI0Ia aGymaaGaayjkaiaawMcaaiaac6caaaa@847E@