US deficit sustainability revisitedmultiple structural change approach

  1. Bajo Rubio, Oscar
  2. Díaz Roldán, María del Carmen
  3. Esteve, Vicente
Book:
XIII Encuentro de Economía Pública: Playadulce (Almería), Hotel Playadulce. 2 y 3 de febrero

Publisher: Servicio de Publicaciones ; Universidad de Almería

ISBN: 84-8240-795-3

Year of publication: 2006

Pages: 99

Congress: Encuentro de Economía Pública (13. 2006. Almeria)

Type: Conference paper

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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 (1947:1-2004:3), strong sustainability would appear only between 1982:1 and 1995:4.

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