US deficit sustainability revisited: A multiple structural change approach

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

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%T US deficit sustainability revisited: A multiple structural change approach
%A Bajo-Rubio, Oscar
%A Esteve, Vicente
%A Díaz-Roldán, Carmen
%J Applied Economics
%N 12
%P 1609-1613
%V 40
%D 2008
%= 2011-04-01T03:53:00Z
%~ http://www.peerproject.eu/
%> https://nbn-resolving.org/urn:nbn:de:0168-ssoar-240868
%X 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.
%G en
%9 journal article
%W GESIS - http://www.gesis.org
%~ SSOAR - http://www.ssoar.info