Threshold Effects in the U.S. Budget Deficit

We contribute to the debate on whether the large U.S. 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 policymakers will intervene to reduce per capita deficit only when it reaches a certain threshold

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Year of publication:	2005
Authors:	Arestis, Philip ; Cipollini, Andrea ; Fattouh, Bassam
Publisher:	[S.l.] : SSRN
Subject:	Haushaltsdefizit \| Budget deficit \| USA \| United States \| Öffentliche Schulden \| Public debt
Description of contents:	Abstract [papers.ssrn.com]

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Extent:	1 Online-Ressource
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Economic Inquiry, Vol. 42(2), pp. 214-222, 2004 Volltext nicht verfügbar
Classification:	C32 - Time-Series Models ; E62 - Fiscal Policy; Public Expenditures, Investment, and Finance; Taxation
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014062778