TY - UNPB
T1 - Assessing Debt Stationarity and Sustainability in the Longer Run with Fourier DF Unit Root Tests and Time-Varying Fiscal Reaction Functions
AU - Saadaoui, Jamel
AU - Lau, Chi Keung Marco
AU - Cai, Yifei
N1 - Jamel Saadaoui, Chi Keung Marco Lau, Yifei Cai. Testing fiscal sustainability in OECD countries: new evidence from the past centuries, Applied Economics Letters, 2022. https://www.tandfonline.com/doi/full/10.1080/13504851.2022.2142502.
PY - 2022/4/20
Y1 - 2022/4/20
N2 - Thanks to various Fourier DF unit root tests, time-varying fiscal reaction functions and threshold regressions, this study examines the stationarity and the sustainability of public finance for six industrial countries over the period spanning from 1870 to 2017. Longer-run debt sustainability is not rejected for the UK, Sweden, and for the US. The evidence is more mixed for Canada, Italy and Portugal.
AB - Thanks to various Fourier DF unit root tests, time-varying fiscal reaction functions and threshold regressions, this study examines the stationarity and the sustainability of public finance for six industrial countries over the period spanning from 1870 to 2017. Longer-run debt sustainability is not rejected for the UK, Sweden, and for the US. The evidence is more mixed for Canada, Italy and Portugal.
U2 - 10.2139/ssrn.4078207
DO - 10.2139/ssrn.4078207
M3 - Preprint
BT - Assessing Debt Stationarity and Sustainability in the Longer Run with Fourier DF Unit Root Tests and Time-Varying Fiscal Reaction Functions
PB - SSRN
ER -