CIPOLLINI, ANDREA; FATTOUH, BASSAM; MOURATIDIS, KOSTAS - In: Economic Inquiry 47 (2009) 1, pp. 34-54
"We analyze the fiscal adjustment process in the United States using a multivariate threshold vector error regression model. The shift from single-equation to multivariate setting adds value both in terms of our economic understanding of the fiscal adjustment process and the forecasting...