[fre] Une évaluation économétrique de la soutenabilité de la dette extérieure des pays en développement. . Cet article propose et met en œuvre une stratégie de tests visant à déterminer si un pays est à même de soutenir son déficit extérieur. Partant de restrictions sur la...

Sustainability tests often ignore the joint dynamics of stock and flow variables. This paper shows that such a practice leads to inappropriate statistical inference, and that taking into account this joint dynamics when testing for unit root induces large power gains. This paper introduces a new...

This paper introduces a new unit root test, using "Feedback Covariates", in order to test for sustainability of fiscal policy within the G-7.Non-sustainability is considered as the null hypothesis of both a unit root in the debt process and the nullity of a deficit correction in response to...