Threshold Effects in the U.S. Budget Deficit
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...
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| Veröffentlicht in: | Economic inquiry 2004-04, Vol.42 (2), p.214-222 |
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| container_title | Economic inquiry |
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| creator | Arestis, Philip Cipollini, Andrea Fattouh, Bassam |
| description | 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. (JEL C32, E62) |
| doi_str_mv | 10.1093/ei/cbh055 |
| format | Article |
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| fulltext | fulltext |
| identifier | ISSN: 0095-2583 |
| ispartof | Economic inquiry, 2004-04, Vol.42 (2), p.214-222 |
| issn | 0095-2583 1465-7295 |
| language | eng |
| recordid | cdi_proquest_journals_200908220 |
| source | Wiley Online Library All Journals |
| subjects | Budget deficits Economic aspects Economic models Economic theory Evaluation Federal budget Fiscal policy Forecasts and trends Management Regression analysis Studies |
| title | Threshold Effects in the U.S. Budget Deficit |
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