Are adjustments in the U.S. budget deficit asymmetric? Another look at sustainability.(Author abstract): An article from: Atlantic Economic Journal Reviews

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Edition:
Release: 2006-03-01
Publisher: Thomson Gale
Binding: Digital
ISBN/ASIN: B000VJB4BE
Format: hardcover, kindle, PDF, EPUB

Are adjustments in the U.S. budget deficit asymmetric? Another look at sustainability.(Author abstract): An article from pdf
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This digital document is an article from Atlantic Economic Journal, published by Thomson Gale on March 1, 2006. The length of the article is 4398 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the author: This study examines the sustainability along with the structural stability of the U.S. federal budget deficit over the post World War II period. Allowing for an endogenously determined structural break in 1982:1, tests of unit roots based on Perron's [1997] methodology suggest a stationary and sustainable budget deficit. Moreover, threshold autoregressive and momentum threshold autoregressive models do not detect asymmetries in the response of the budget deficit to deviations from its long-run trend. (JEL H50)

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