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Please use this identifier to cite or link to this item: http://hdl.handle.net/2108/70

Title: Threshold effects in the US budget deficit
Authors: Arestis, Philip
Cipollini, Andrea
Fattouh, Bassam
Keywords: government deficit
threshold
unit root
Issue Date: Sep-2002
Publisher: CEIS
Series/Report no.: CEIS Tor Vergata Research Paper
18
Abstract: We contribute to the debate on whether the US large federal budget deficits are sustainable in the long run. We model the US government deficit per capita as a threshold autoregressive process. We find evidence that the US budget deficit is sustainable in the long run and that economic policymakers will only intervene to reduce per capita deficit when it reaches a certain threshold.
URI: http://ssrn.com/abstract=410820
http://hdl.handle.net/2108/70
Appears in Collections:Research papers

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