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RESEARCH PRODUCT
US deficit sustainability revisited: A multiple structural change approach
Vicente EsteveCarmen Díaz-roldánOscar Bajo-rubiosubject
Economics and EconometricsStructural changePublic economicsSustainabilityEconomicsFull sampleFiscal policy; Sustainability; US budget de…cit.description
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.
| year | journal | country | edition | language |
|---|---|---|---|---|
| 2008-06-01 |