RDP 2005-09: The US Current Account Deficit: A Re-Examination of the Role of Private Saving
Equation (36)
C
T
t
∗
=
[
(
1
−
θ
)
1
ε
(
C
H
t
∗
)
ε
−
1
ε
+
θ
1
ε
(
C
F
t
*
)
ε
−
1
ε
]
ε
−
1
ε
.
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