Assessing Debt Stationarity and Sustainability in the Longer Run with Fourier DF Unit Root Tests and Time-Varying Fiscal Reaction Functions

Thanks to various Fourier DF unit root tests, time-varying fiscal reaction functions and threshold regressions, this study examines the stationarity and the sustainability of public finance for six industrial countries over the period spanning from 1870 to 2017. Longer-run debt sustainability is not rejected for the UK, Sweden, and for the US. The evidence is more mixed for Canada, Italy and Portugal

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Year of publication:	[2022]
Authors:	Saadaoui, Jamel ; Lau, Chi Keung Marco ; Cai, Yifei
Publisher:	[S.l.] : SSRN
Subject:	Einheitswurzeltest \| Unit root test \| Finanzpolitik \| Fiscal policy \| Zeitreihenanalyse \| Time series analysis \| Nachhaltigkeit \| Sustainability \| Öffentliche Schulden \| Public debt \| Schätzung \| Estimation \| Theorie \| Theory

Extent:	1 Online-Ressource (16 p)
Series:	BETA Working Paper ; 2022-11
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments April 18, 2022 erstellt
Other identifiers:	10.2139/ssrn.4078207 [DOI]
Classification:	C22 - Time-Series Models ; E62 - Fiscal Policy; Public Expenditures, Investment, and Finance; Taxation ; H62 - Deficit; Surplus
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013292090