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Title:Threshold effects in the US budget deficit PDF Logo
Authors:Arestis, Philip
Cipollini, Andrea
Fattouh, Bassam
Issue Date:2002
Series/Report no.:Working papers // The Levy Economics Institute 358
Abstract:We contribute to the debate on whether the large U.S. 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 policymakers will intervene to reduce per capita deficit only when it reaches a certain threshold.
Document Type:Working Paper
Appears in Collections:Working Papers, Levy Economics Institute of Bard College

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