RDP 2007-02: Current Account Defi cits: The Australian Debate
Equation (A8)
C
A
t
T
≡
−
υ
r
+
υ
W
t
=
λ
C
t
w
h
e
r
e
λ
≡
−
υ
(
1
+
r
)
(
r
+
υ
)
2
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