RDP 2005-09: The US Current Account Deficit: A Re-Examination of the Role of Private Saving Equation (38)

P T t = [ ( 1 θ ) P H t 1 ε + θ P F t 1 ε ] 1 1 ε . MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaamiuamaaDa aaleaacaWGubGaamiDaaqaaiabgEHiQaaakiabg2da9maadmaabaWa aeWaaeaacaaIXaaccaGae8NeI0IaeqiUdehacaGLOaGaayzkaaGaam iuamaaDaaaleaacaWGibGaamiDaaqaaiaaigdacqWFsislcqaH1oqz aaGccqGHRaWkcqaH4oqCcaWGqbWaa0baaSqaaiaadAeacaWG0baaba GaaGymaiab=jHiTiabew7aLbaaaOGaay5waiaaw2faamaaCaaaleqa baWaaSaaaeaacaaIXaaabaGaaGymaiab=jHiTiabew7aLbaaaaGcca GGUaaaaa@556B@