Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/31462
Authors: 
Arestis, Philip
Cipollini, Andrea
Fattouh, Bassam
Year of Publication: 
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

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