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@article{ Bajo-Rubio2008, title = {US deficit sustainability revisited: A multiple structural change approach}, author = {Bajo-Rubio, Oscar and Esteve, Vicente and Díaz-Roldán, Carmen}, journal = {Applied Economics}, number = {12}, pages = {1609-1613}, volume = {40}, year = {2008}, doi = {https://doi.org/10.1080/00036840600843996}, urn = {https://nbn-resolving.org/urn:nbn:de:0168-ssoar-240868}, 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.}, }