RDP 2005-09: The US Current Account Deficit: A Re-Examination of the Role of Private Saving
Equation (41)
P
H
t
∗
C
H
t
*
=
(
1
−
δ
)
(
1
−
θ
)
(
P
H
t
P
T
t
∗
)
1
−
ε
P
t
∗
C
t
∗
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