We contribute to the debate on whether the U.S. large federal budget deficits are sustainable in the long run. We model the U.S. government deficit per capita as a threshold autoregressive process. We find evidence that the U.S. budget deficit is sustainable in the long run and that economic policy makers will only intervene to reduce per capita deficit when it reaches a certain threshold.

Threshold Effects in the U.S. Budget Deficit / Arestis, P.; Cipollini, Andrea; Fattouh, B.. - In: ECONOMIC INQUIRY. - ISSN 0095-2583. - STAMPA. - 42:2(2004), pp. 214-222. [10.1093/ei/cbh055]

Threshold Effects in the U.S. Budget Deficit

CIPOLLINI, Andrea;
2004

Abstract

We contribute to the debate on whether the U.S. large federal budget deficits are sustainable in the long run. We model the U.S. government deficit per capita as a threshold autoregressive process. We find evidence that the U.S. budget deficit is sustainable in the long run and that economic policy makers will only intervene to reduce per capita deficit when it reaches a certain threshold.
2004
42
2
214
222
Threshold Effects in the U.S. Budget Deficit / Arestis, P.; Cipollini, Andrea; Fattouh, B.. - In: ECONOMIC INQUIRY. - ISSN 0095-2583. - STAMPA. - 42:2(2004), pp. 214-222. [10.1093/ei/cbh055]
Arestis, P.; Cipollini, Andrea; Fattouh, B.
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11380/618806
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