US deficit sustainability revisited: a multiple structural change approach

In this article 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 January 1982 and February 1996.

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Year of publication:	2008
Authors:	Bajo-Rubio, Oscar ; Diaz-Roldan, Carmen ; Esteve, Vicente
Published in:	Applied Economics. - Taylor & Francis Journals, ISSN 0003-6846. - Vol. 40.2008, 12, p. 1609-1613
Publisher:	Taylor & Francis Journals

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005505597