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US deficit sustainability revisited: A multiple structural change approach

[journal article]

Bajo-Rubio, Oscar
Esteve, Vicente
Díaz-Roldán, Carmen

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)


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© 2007 - 2025 Social Science Open Access Repository (SSOAR).
Based on DSpace, Copyright (c) 2002-2022, DuraSpace. All rights reserved.