RDP 2005-09: The US Current Account Deficit: A Re-Examination of the Role of Private Saving
Equation (47)
P
t
=
A
θ
2
+
B
(
2
θ
−
1
)
±
θ
4
+
2
C
θ
2
(
2
θ
−
1
)
+
B
2
(
2
θ
−
1
)
2
D
θ
(
1
−
θ
)
.
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