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US deficit sustainability revisited: A multiple structural change approach
[journal article]
Abstract
In this paper we re-examine the long-run sustainability of US budget deficits, using Bai and Perron's multiple structural change approach. While the deficit would have been weakly sustainable over the full sample (1947:1-2005:3), strong sustainability would appear only between 1982:1 and 1996:2.
Document language
English
Publication Year
2008
Page/Pages
p. 1609-1613
Journal
Applied Economics, 40 (2008) 12
DOI
https://doi.org/10.1080/00036840600843996
Status
Postprint; peer reviewed
Licence
PEER Licence Agreement (applicable only to documents from PEER project)