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...

Ausführliche Beschreibung

Bibliographische Detailangaben

Veröffentlicht in:	Economic inquiry 2004-04, Vol.42 (2), p.214-222
Hauptverfasser:	Arestis, Philip, Cipollini, Andrea, Fattouh, Bassam
Format:	Artikel
Sprache:	eng
Schlagworte:	Budget deficits Economic aspects Economic models Economic theory Evaluation Federal budget Fiscal policy Forecasts and trends Management Regression analysis Studies
Online-Zugang:	Volltext
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